Sarcos Corp., a robotics and sensor company, designs, builds, and produces dexterous tele-operated robotic systems. Its products include Guardian S, an unmanned ground vehicle for security, inspection, and non-destructive testing available in a Robot-as-a-Service offering; Guardian GT, a big arm system or dual-armed human-controlled robot mounted on an agile tracked vehicle base for commercial, industrial, and first responder environments; and Guardian XO, a robot that features an exoskeleton suit; SenSuit controller garment for enhanced teleoperation of the Guardian XT (a highly dexterous mobile robotic system); and humanoid solutions. The company also provides advanced robotic systems for industry, entertainment; medical devices, including artificial limbs and vascular systems; and mechanical and electrical microsystems for practical applications. The company serves healthcare, life sciences, telecommunications, robotics, defense, and entertainment industries. Sarcos Corp. was founded in 1983 and is based in Salt Lake City, Utah with an additional office in Bellevue, Washington. Sarcos Corp. is a former subsidiary of Raytheon Company.

Sarcos Technology and Robotics Corporation

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) designs, develops, and manufactures a broad range of advanced mobile robotic systems, solutions, and software that redefine human possibilities and are designed to enable the safest most productive workforce in the world. Sarcos robotic solutions address the challenging, unstructured, industrial environments for markets that require a high degree of accuracy, efficiency and can benefit from task autonomy. For more information, please visit www.sarcos.com and connect with us on LinkedIn at www.linkedin.com/company/sarcos.

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Today we honor the courage and sacrifice of all who have served in uniform. To the veterans who bravely fought for our country - we thank you. And to those currently serving, we are grateful for your commitment to defend our nation's freedoms. Your service and dedication inspire us. On this Veterans Day, and every day, we salute you.

#VeteransDay

Exciting news to share! Sarcos is honored to be awarded first place by the Utah Business 2023 Innovation Awards in the category of Advanced Manufacturing, Construction & Design for excellence across our robotics portfolio, and featuring the Guardian Sea Class robotic arm system. This is a testament to the people at Sarcos and their constant drive to build solutions that help increase workforce productivity while maintaining and improving safety.

https://bit.ly/3Mq8QFl

#Sarcos #Robotics #UtahBusiness #Innovation


We are excited to share the news. Interim CEO, Laura Peterson, has been named permanent President and CEO of Sarcos. In the few months Laura has led Sarcos, we’ve quickly moved to optimize our operations, reduce inefficiencies, and foster a growing AI/ML business. We look forward to this new chapter in Sarcos history and continued growth and success in the robotics space.
 
https://bit.ly/45NCsTM
 
#Sarcos #Robotics #Leadership

Sarcos is excited to announce the delivery of Guardian Sea Class units to UK supplier Atlantas Marine Limited. Our team is working tirelessly to bring complex robotic systems to market, and we look forward to seeing what our subsea robotic manipulators, integrated with the VideoRay: underwater robots Defender, will do for Atlantas and the subsea underwater robotics market overall. Find out more about this important Sarcos milestone: https://bit.ly/45FuPPb

#Sarcos #Robotics #Subsea

Exciting news to share here at Sarcos. We’ve just been awarded a contract with the United States Air Force to help advance its artificial intelligence and machine learning software capabilities. This represents a significant milestone in enabling robotic systems, especially our Guardian line of robots, to do more based on a success-based, reinforcement learning approach to understand and interact with their environment. We’re very proud of the Sarcos team in this accomplishment and look forward to what comes next! Read about the contract award here: https://bit.ly/48v15Y9
 
#Sarcos #Robotics #AI #ML

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	10.15M -	8.81M 13.17%	5.08M 42.41%	14.57M 187.07%	6.15M 57.81%
cost of revenue	5.75M -	5.60M 2.51%	3.87M 30.97%	11.61M 200.34%	7.86M 32.31%
gross profit	4.40M -	3.21M 27.09%	1.21M 62.38%	2.96M 144.62%	-1.72M 158.07%
selling and marketing expenses	2.34M -	2.80M 19.59%	6.62M 136.91%	9.95M 50.20%	10.83M 8.84%
general and administrative expenses	7.51M -	7.30M 2.84%	58.06M 695.66%	63.48M 9.34%	31.45M 50.45%
selling general and administrative expenses	9.85M -	10.09M 2.49%	64.68M 540.87%	73.43M 13.52%	42.28M 42.42%
research and development expenses	12.90M -	14.12M 9.40%	17.52M 24.08%	34.14M 94.93%	39.01M 14.26%
other expenses		34K -	51K 50%	2.18M 4,182.35%	1.91M 12.36%
cost and expenses	28.49M -	29.81M 4.63%	86.07M 188.70%	121.37M 41.02%	89.16M 26.54%
operating expenses	22.75M -	24.21M 6.43%	82.20M 239.52%	109.76M 33.53%	81.29M 25.93%
interest expense			-34K -	1.83M 5,485.29%
ebitda	-18.05M -	-20.54M 13.79%	-79.93M 289.11%	-46.41M 41.93%	-78.64M 69.42%
operating income	-18.35M -	-21.00M 14.45%	-80.99M 285.69%	-106.80M 31.87%	-83.01M 22.28%
depreciation and amortization	297K -	458K 54.21%	1.06M 132.31%	60.39M 5,575.47%	4.38M 92.76%
total other income expenses net	309K -	74K 76.05%	-516K 797.30%	-54.22M 10,407.75%	-32.58M 39.92%
income before tax	-18.04M -	-20.93M 16.00%	-81.51M 289.52%	-161.02M 97.56%	-115.59M 28.22%
income tax expense	1K -	1K 0%	1K 0%	-3.89M 389,300%	7K 100.18%
net income	-18.04M -	-20.93M 16.00%	-81.51M 289.51%	-157.13M 92.78%	-115.59M 26.43%
weighted average shs out	1.15M -	5.75M 400.27%	22.95M 299.20%	24.47M 6.62%	25.64M 4.76%
weighted average shs out dil	1.15M -	5.75M 400.27%	22.95M 299.20%	24.47M 6.62%	25.64M 4.76%
eps	-15.70 -	-3.64 76.82%	-3.55 2.47%	-6.42 80.85%	-4.51 29.75%
epsdiluted	-15.70 -	-3.64 76.82%	-3.55 2.47%	-6.42 80.85%	-4.51 29.75%

NASDAQ:STRC

Sarcos Technology and Robotics Corporation

Last Close

1.93

05/04 20:00

Market Cap

63.66M

Beta: 2.21

Volume Today

1.66M

Avg: 414.65K

PE Ratio

−0.07

PFCF: −0.15

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