“Ended the quarter with $140 million of cash and no debt.”
“Backlog of $103 million as of quarter-end”
“Outlook for Full Year 2022:
Berkshire Grey reiterated its expectations for 2022 revenue of approximately $90 million, representing growth of approximately 80% year-over-year.”
“Named the 2022 Enabling Technology Leader for Intelligent Robotic Automation by Frost & Sullivan. Frost & Sullivan recognized Berkshire Grey for its leadership in delivering AI-enabled robotic solutions that help customers solve labor challenges, improve operational capacity, and achieve measurable ROI.
-- Introduced its new Robotic Pick and Pack with Identification (BG RPPi) system for touchless eCommerce autobagging. Using Berkshire Grey's advanced AI-enabled robotic technology, this system combines automated picking with advanced auto-identification and item manipulation technology for packing eCommerce items directly into autobagging equipment, thereby increasing throughput capacity without adding additional labor.
-- Attended Modex 2022, the world's largest trade show for manufacturing and supply chain where the Company hosted more than 100 one-on-one meetings with prospective and existing customers and partners and demonstrated its systems to thousands of attendees.
-- Advanced its Berkshire Grey Partner Alliance (BGPA) program which now includes 13 partners, including the recently announced partnerships with Logistex and Swisslog. The BGPA program includes a select group of market-leading consultants, integrators, technology providers and material handling leaders, broadening the Company's global reach, and extending its go-to-market strategy.
-- Announced a new Reverse Logistics solution which includes Berkshire Grey's Robotic Product Sortation with Identification (RPSi) and Robotic Shuttle Put Wall (RSPW) systems specifically configured to help retailers efficiently process returns, accelerate the resale of returned goods, and improve labor utilization.”
-Above quotes From: 7:00a ET 5/12/2022 - Dow Jones
Press Release: Berkshire Grey Reports First Quarter 2022 Results.
140 million cash/232.74 million outstanding shares = .60 a share in cash, the market is currently valuing the remaining assets and future sales at 1.40 a share which is low given the future opportunity for billions in sales this company has, a multiple of 3 or 4 based on the annual projection. If the company achieved a billion in sales within 5 years and maintained cash, share structure and debt at current levels then that would be 4.60 a share and at a 3 multiple 13.80 a share in 2027. Company insiders and institutional investors could buy back stock and hold it for 5 years, 2 dollars a share to 13.80 a share is nearly 7 times the initial investment. Not every investment has to be long term, but some investments can be. This stock is trading like its the end of the world right now, when was that ever a trading strategy, like people who didn’t buy Apple and Microsoft before Y2K. Not only that but better than Apple and Microsoft because robotics solves some problems causing the economic concerns, where Apple and Microsoft were 100% reliant on programmers fixing Y2K so their computers and share prices didn’t melt down.
my posts are always theory and not financial advice
