Berkshire Grey, Inc., an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company's solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders. It serves retail, ecommerce, grocery, package handling, and third-party logistics markets. The company was founded in 2013 and is headquartered in Bedford, Massachusetts.

Berkshire Grey, Inc.

It’s time to radically change the essential way we do business. 

At Berkshire Grey, our game-changing solutions combine AI and Robotics to automate omni-channel fulfillment for retailers, eCommerce, and logistics enterprises serving today’s connected consumers. 

By transforming pick, pack and sort operations, our technology is a fundamental engine of change that moves you forward.


Khosla Ventures

New Enterprise Associates

Social Capital

SoftBank Capital

BlackRock

Canaan Partners

Chamath Palihapitiya

Employee Stock Option Fund

SoftBank

SoftBank Vision Fund

Berkshire Grey

Once upon a time in the festive town of Warehouseville, there was a remarkable company known as Berkshire Grey. In this town, 🎄 Christmas preparations were not like any other place. Instead of the traditional hustle and bustle of Santa and his elves, the futuristic hum of BG robotic arms filled the air. 🎅 

As the holiday season approached, families in Warehouseville eagerly submitted their wish lists. The BG PickElves, programmed with the utmost precision, and leveraging advanced AI, worked around the clock, picking clothing, toys, gadgets, and goodies with speed and accuracy. The atmosphere was filled with the sound of holiday tunes, and the robots worked tirelessly to spread joy. 🎁 

When the clock struck midnight, signaling the arrival of Christmas Day, the BG PickElves used careful placement to drop gifts down every chimney. And so, in Warehouseville, a new era of Christmas magic had begun—one where the robotic wonders of Berkshire Grey brought smiles to every face, proving that even in the age of technology, the spirit of Christmas could be just as enchanting and heartwarming as ever. ✨ 

Seemed fitting for AI (credit to ChatGPT) to write a Christmas story for an AI-enabled robotics company 🤖 

Happy Holidays! 

’Tis the season Berkshire Grey joins Santa to help with festive flair, the hum of BG robotic arms and whirring gears filling the air. 🎅🏻❄️🎄

Our state-of-the-art robots are designed to make the holiday season stress-free for retailers, customers, and elves alike. Programmed with the utmost precision, and leveraging advanced AI, our robots can work around the clock with speed and efficiency, so Santa can focus on checking his list, and checking it twice.

#RoboticAutomation #WarehouseAutomation #AIAutomation 

Berkshire Grey offers a dynamic engineering career. Conor O'Neil, a mechanical engineer, designs components vital for robotic operations, delivering real-world impact. 

Join our fast-paced, collaborative environment where learning and adaptability are highly valued: https://lnkd.in/g7Sptt8R 

#RoboticAutomation #IntelligentAutomation #WarehouseRobotics

Find how robotic automation is shaping the future of retail supply chains.

Noah Maynard, Berkshire Grey Principle Solutions Architect, discusses the holistic approach to warehouse robotics and its compelling impact on the retail fulfillment environment: https://lnkd.in/gmMW-t5J

#RoboticAutomation #IntelligentAutomation #Robotics

Explore the different Software Engineer roles at Berkshire Grey! 

Join our team and embrace customer focus, meticulous execution, and innovation in material-handling robotics. 

Make your mark with us: https://lnkd.in/gS2jMwpv 

#RoboticAutomation #IntelligentAutomation

	Dec '19	Dec '20	Dec '21	Dec '22
revenue	7.97M -	34.84M 336.97%	50.85M 45.98%	65.85M 29.49%
cost of revenue	9.97M -	32.01M 220.92%	59.10M 84.63%	71.12M 20.34%
gross profit	-2.00M -	2.83M 241.16%	-8.25M 391.83%	-5.27M 36.12%
selling and marketing expenses	5.27M -	12.91M 144.88%	51.96M 302.48%	13.50M 74.01%
general and administrative expenses	15.15M -	15.94M 5.17%	40.31M 152.98%	22.49M 44.21%
selling general and administrative expenses	20.42M -	28.84M 41.23%	92.27M 219.89%	35.99M 60.99%
research and development expenses	27.80M -	35.81M 28.78%	63.82M 78.24%	72.58M 13.73%
other expenses	142K -	3.91M 2,651.41%	-76K 101.95%	-1.40M 1,739.47%
cost and expenses	58.20M -	96.66M 66.07%	215.19M 122.63%	179.69M 16.50%
operating expenses	48.23M -	64.65M 34.05%	156.09M 141.44%	108.57M 30.44%
interest expense				-11.16M -
ebitda	-49.92M -	-60.82M 21.84%	-172.66M 183.88%	-122.85M 28.85%
operating income	-50.23M -	-61.83M 23.08%	-164.34M 165.81%	-113.84M 30.73%
depreciation and amortization	312K -	1.01M 222.44%	-8.32M 926.64%	-9.01M 8.30%
total other income expenses net	721K -	4.19M 480.72%	11.02M 163.12%	11.16M 1.26%
income before tax	-49.51M -	-57.64M 16.42%	-153.32M 166.01%	-102.69M 33.03%
income tax expense	1K -	5K 400%	58K 1,060%	108K 86.21%
net income	-49.51M -	-57.64M 16.42%	-153.38M 166.09%	-102.79M 32.98%
weighted average shs out	22.22M -	22.22M 0%	115.30M 418.90%	234.68M 103.53%
weighted average shs out dil	22.22M -	22.22M 0%	115.30M 418.90%	234.68M 103.53%
eps	-2.23 -	-2.59 16.14%	-1.33 48.65%	-0.44 66.92%
epsdiluted	-2.23 -	-2.59 16.14%	-1.33 48.65%	-0.44 66.92%

COM:BERKSHIREGREY

Berkshire Grey

Last Close

1.41

19/07 20:00

Market Cap

340.69M

Beta: -

Volume Today

730.77K

Avg: -

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