Jan. 16 at 5:08 PM
$SERV's cost-cutting gains not translating to profit yet! 🛠️🔍
Despite reducing robot unit costs by one-third, Serve Robotics' Q3 gross margins reflect ongoing investment costs rather than immediate savings. Operating expenses soared to
$30.4M, driving an adjusted EBITDA loss.
Full financial breakdown here 👉 https://www.zacks.com/stock/news/2819085/can-serve-robotics-translate-lower-robot-costs-into-margin-leverage?cid=sm-stocktwits-2-2819085-body-29360&ADID=SYND_STOCKTWITS_TWEET_2_2819085_BODY_29360