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
net income	-18.04M -	-20.93M 16.00%	-81.51M 289.51%	-157.13M 92.78%	-115.59M 26.43%
depreciation and amortization	297K -	458K 54.21%	531K 15.94%	3.59M 576.65%	4.38M 21.76%
deferred income tax	-857K -	-2.57M 200.12%	4.93M 291.56%		-28.44M -
stock based compensation	2.66M -	2.29M 13.94%	43.12M 1,782.06%	35.65M 17.33%	12.04M 66.21%
change in working capital	-1.80M -	1.29M 171.75%	-4.78M 468.88%	-2.80M 41.41%	-5.33M 90.39%
accounts receivables	-1.37M -	-135K 90.17%	263K 294.81%	-257K 197.72%	3.44M 1,437.35%
inventory	-432K -	441K 202.08%	-299K 167.80%	-2.09M 599.00%	-8.76M 319.09%
accounts payables		-320K -	244K 176.25%	1.54M 530.74%	-2.33M 251.14%
other working capital		1.31M -	-4.99M 480.83%	-1.99M 60.06%	2.32M 216.47%
other non cash items	1.70M -	2.57M 51.21%	-4.39M 270.84%	55.30M 1,358.53%	56.33M 1.85%
net cash provided by operating activities	-16.04M -	-16.88M 5.24%	-42.10M 149.40%	-65.39M 55.31%	-76.62M 17.17%
investments in property plant and equipment	-639K -	-950K 48.67%	-4.69M 393.47%	-1.50M 68.05%	-782K 47.80%
acquisitions net			-200K -	-29.69M 14,743.50%
purchases of investments				-177.86M -	-64.54M 63.72%
sales maturities of investments				100M -	130M 30%
other investing activites			200K -
net cash used for investing activites	-639K -	-950K 48.67%	-4.69M 393.47%	-109.05M 2,226.05%	64.68M 159.32%
debt repayment		-84K -	-89K 5.95%	-95K 6.74%	-4K 95.79%
common stock issued		39.87M -	220M 451.83%	683K 99.69%
common stock repurchased			-284K -	-8.11M 2,754.58%	-78K 99.04%
dividends paid			-2.03M -	-7.52M 271.13%
other financing activites	16K -	2.52M 15,637.50%	12.64M 401.99%	7.52M 40.51%
net cash used provided by financing activities	16K -	42.30M 264,281.25%	230.24M 444.29%	-7.52M 103.27%	-82K 98.91%
effect of forex changes on cash	25.86M -
net change in cash	9.20M -	24.47M 166.11%	183.45M 649.72%	-181.96M 199.19%	-12.02M 93.39%
cash at beginning of period		9.20M -	33.66M 266.11%	217.11M 544.94%	35.16M 83.81%
cash at end of period	9.20M -	33.66M 266.11%	217.11M 544.94%	35.16M 83.81%	23.14M 34.19%
operating cash flow	-16.04M -	-16.88M 5.24%	-42.10M 149.40%	-65.39M 55.31%	-76.62M 17.17%
capital expenditure	-639K -	-950K 48.67%	-4.69M 393.47%	-1.50M 68.05%	-782K 47.80%
free cash flow	-16.68M -	-17.83M 6.90%	-46.79M 162.40%	-66.89M 42.95%	-77.40M 15.72%

NASDAQ:STRCW

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: -

PE Ratio

−0.07

PFCF: −0.15

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