Serve Robotics Stock News

DALLAS, April 03, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (“Serve”) (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the launch of its service in the Dallas-Fort Worth metro area. This strategic expansion, in continued partnership with Uber Eats—the delivery platform of Uber Technologies Inc. (NYSE: UBER)— represents a major milestone in Serve's plan to deplo...

Serve Robotics (SERV -6.49%) has had a volatile year and has gathered a lot of momentum from new partnerships and launches in the U.S. But is this a durable business with a bright future or a disappointment in the making? Travis Hoium digs into the company's products and financials in this video.

U.S. stocks have underperformed expectations in 2025. President Donald Trump's return to protectionist economic policies has placed significant pressure on leading tech companies, which have been the primary catalysts behind the S&P 500's (^GSPC 1.08%) remarkable performance since October 2022.

Serve Robotics faces significant expansion challenges, aiming to grow from 50 to 2,000 delivery robots by year-end, with revenues lagging behind expectations. SERV stock has dropped to $7, presenting a more appealing entry point, despite anticipated volatility and potential revenue disappointments in the short term. The company raised $80 million, boosting its cash reserves to over $200 million...

Serve Robotics (SERV 2.15%) develops autonomous robots that have already completed thousands of food deliveries on behalf of platforms like Uber's Uber Eats. In fact, the company has a contract with Uber to deploy thousands of new robots by the end of 2025, which will pave the way for an expansion into new geographic markets.

Serve Robotics Inc. (NASDAQ:SERV ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Aduke Thelwell - Head, Communications and IR Ali Kashani - Co-Founder and CEO Brian Read - CFO Conference Call Participants Operator Thank you for standing by my name is Danielle, and I will be your conference operator today. At this time.

The company's quarterly sales of $176,000 fell short of Wall Street estimates for $250,000.

Full year revenue of $1.8 million , an increase of 773% year-over-year Continued geographic expansion in Los Angeles, successful launch in Miami, and planning entry into Dallas and Atlanta metros Reach increased to over 1,000 restaurants, a 3x increase year-over-year, and to over 300,000 households, a 2x increase year-over-year Ending 2024 cash of $123 million, no debt; an additional $91m raise...