Berkshire Grey struggles in first quarter as public company

Berkshire Grey releases Q3 earnings and misses on analyst expectations

AI-powered robotics and supply chain automation company Berkshire Grey reported its first earnings as a publicly traded company Thursday morning before the bell, revealing some early struggles for the business.

While Berkshire Grey’s revenue of $18.8 million in Q3 2021 was magnitudes greater than its $2.2 million in Q3 2020 and its $4.5 million in Q2 2021, it still missed on analyst expectations of around $21.7 million.

At the same time, the Bedford, Massachusetts-based company more than tripled...

https://www.freightwaves.com/news/berkshire-grey-struggles-in-first-quarter-as-public-company

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