Is SYM profitable. And what is the future potential

Symbotic (SYM) is not currently profitable, as indicated by its negative net income in the most recent quarters. However, the company's financial performance should be evaluated in the context of its growth prospects.

1. Profitability Status: Symbotic reported a net loss of $45 million for the fourth quarter of fiscal 2023. The company's net income has been negative in the past, which indicates that it is not currently profitable.
2. Future Potential:
   • Symbotic is forecast to grow earnings and revenue by 131.1% and 34.1% per annum, respectively. This suggests a strong growth trajectory.
   • The company's EPS is expected to grow by 111.4% per annum. This high growth rate in earnings per share indicates potential for profitability in the future.
   • The future return on equity is forecast to be 21.7% in 3 years. A high return on equity suggests that the company is expected to generate significant profits relative to its shareholder equity.
   • Symbotic's revenue for the quarter ending December 31, 2023, was $1.37 billion, reflecting a 98% growth year-over-year. This significant year-over-year growth in revenue is a positive sign for the company's future potential.

In conclusion, while Symbotic is not currently profitable, it has strong growth prospects, with forecasts indicating significant earnings growth, revenue growth, and a potential for profitability in the future.