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Sarcos Technology And Robotics Corporation  (STRC)
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Price: $1.4300 $0.16 12.598%
Day's High: $1.58 Week Perf: -11.73 %
Day's Low: $ 1.26 30 Day Perf: 189.47 %
Volume (M): 565 52 Wk High: $ 3.25
Volume (M$): $ 808 52 Wk Avg: $0.77
Open: $1.26 52 Wk Low: $0.29



 Market Capitalization (Millions $) 37
 Shares Outstanding (Millions) 26
 Employees -
 Revenues (TTM) (Millions $) 12
 Net Income (TTM) (Millions $) -171
 Cash Flow (TTM) (Millions $) 19
 Capital Exp. (TTM) (Millions $) 1

Sarcos Technology And Robotics Corporation
Sarcos Technology And Robotics Corporation is a leading technology company that specializes in developing innovative robotic systems. They are known for their advanced exoskeletons and teleoperated robots that can be used in various industries such as defense, construction, and logistics. With a focus on enhancing human performance and safety, their products enable workers to perform tasks more efficiently and with reduced physical strain. Sarcos Technology And Robotics Corporation continues to push the boundaries of robotics and technology to create solutions that improve the way humans work.


   Company Address: 650 South 500 West Salt Lake City 84101 UT
   Company Phone Number: 927-7296   Stock Exchange / Ticker: NASDAQ STRC
   


   

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Business Update

Sarcos Robotics Transforms into Palladyne AI: Focusing on Commercializing AI and Machine Learning

Published Mon, Mar 18 2024 1:00 PM UTC

SALT LAKE CITY - Sarcos Robotics, a renowned leader in robotics and technology, has announced a significant transformation. Effective today, the company will be known as Palladyne AI, marking its heightened commitment to commercializing artificial intelligence (AI) and machine learning (ML) software. With this strategic shift, Palladyne AI aims to revolutionize industries by...

Management Changes

Sarcos Technology and Robotics Corporation Reinstates Former CEO Ben Wolff to Spearhead Industrial AI Software Innovation and Growth

Published Wed, Jan 17 2024 9:01 PM UTC

Sarcos Technology and Robotics Corporation Welcomes Back Co-Founder Ben Wolff as CEO to Drive Innovation and Growth in Industrial AI Software
After a successful pivot to industrial AI software, Sarcos Technology and Robotics Corporation (Sarcos) is proud to announce the return of its co-founder and former CEO, Ben Wolff, as the company's president and CEO. This strategic...

Sarcos Technology And Robotics Corporation

Sarcos Technology And Robotics Corp Witnesses Alarming -60.853% Revenue Decline in Q3 of 2023, Stirs Investor Concerns

Sarcos Technology And Robotics Corporation, a leading player in the robotics industry, recently released its financial report for the third quarter of 2023, which painted a rather bleak picture for the company. With a staggering decline of -60.853% in revenue, dropping to a mere $1.83 million, it is evident that Sarcos has encountered significant challenges.
Furthermore, the company experienced a deterioration in its earnings per share, with a substantial increase in the shortfall per share to $-1.13 compared to the same period last year. This signifies a troubling trend for investors, as the financial health of Sarcos appears to be deteriorating rapidly.

Sarcos Technology And Robotics Corporation

Industrial Machinery and Components Company Faces Unprecedented Challenges Amidst Steep Decline in Revenue and Extended Net Loss during April to June 30 2023 Fiscal Time-frame



Sarcos Technology And Robotics Corporation recently released its financial results for the second quarter of 2023, revealing a substantial decline in revenue and an extended net loss per share compared to the same period last year. While the company experienced a decline in inventories and accounts receivable, important questions arise regarding the business's ability to rebound in the coming months. Let's explore the implications of these challenges and speculate on the company's future prospects.
Diminishing Revenue and Extended Net Loss:
During the second quarter of 2023, Sarcos Technology And Robotics Corporation witnessed a stark decline in revenue, plummeting by -57.966% to $1.28 million. This decline, coupled with the extended net loss per share of $-1.12 from the same quarter a year ago (compared to $-0.14 from the previous quarter), undeniably raises concerns about the company's financial stability. Stakeholders will be closely monitoring Sarcos' next financial earnings report on September 29, 2023, to assess whether the downward trend continues.

Sarcos Technology And Robotics Corporation

Sarcos Tech Giants STRC: A Revenue Surge Fails to Uplift Profitability - Is It Time to Reconsider Investing?

Investing in the stock market can be a risky business, and it is important for potential investors to do their due diligence before committing any funds. With that in mind, a recent announcement by Sarcos Technology And Robotics Corporation should give potential investors pause.
According to data released in the first quarter of 2023 earnings season, Sarcos Technology And Robotics Corporation has recorded a cumulative net loss of $-159 million during the past 12 months. This has resulted in a negative return on equity (ROE) of -85.31% which places it in a weak position among other companies in the Industrial Machinery and Components industry.






 

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