Presto Automation, Inc provides labor automation technology solutions in the hospitality industry.
infoPresto Automation is a micro cap stock with a total market cap of 181.92M.
infoThey trade on the NASDAQ and had their IPO 2 years and 6 months ago.
infoPresto Automation currently employs 110 people.
infoAs of Wednesday, Aug 23 2023, Presto Automation’s share price is $3.16.
News Relating to Presto Automation
MarketBeat
Can Presto Automation Bring AI to the Drive-Thru?
Friday Jun 02 2023 at 09:33
Marc Andreessen said, “Software is eating the world,” which seems doubly true with the rapid rise of artificial intelligence. AI’s latest victim is the fast food drive-thru.
CNBC Television
Here’s how this company is using A.I. to improve drive-thru process
Friday May 26 2023 at 15:39
Krishna Gupta, CEO and chairman at Presto Automation, joins ‘Power Lunch’ to explain how his company uses A.I. to improve drive-thru processes in the food industry.
Seeking Alpha
Presto Automation Inc. (PRST) Q3 2023 Earnings Call Transcript
Thursday May 18 2023 at 20:04
Presto Automation Inc. (NASDAQ:PRST ) Q3 2023 Results Conference Call May 18, 2023 5:00 PM ET Company Participants Adam Rogers – Head of Investor Relations Krishna Gupta – Interim Chief Executive Officer Ashish Gupta – Principal Financial Officer Conference Call Participants Greg Pendy – Chardan Operator Hello. Thank you for standing by.
CNBC
Carl’s Jr. and Hardee’s to roll out Presto’s A.I. drive-thru ordering nationwide
Thursday May 04 2023 at 08:30
The partnership with CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s, is the largest launch to date of Presto Voice.
GlobeNewsWire
Presto to Report Fiscal Third Quarter 2023 Financial Results
Wednesday Apr 26 2023 at 16:15
SAN CARLOS, Calif., April 26, 2023 (GLOBE NEWSWIRE) — Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal third quarter 2023 financial results on Monday, May 15, 2023 after the financial markets close.
PennyStocks
Trading Penny Stocks: Tips for Paying Taxes
Saturday Apr 22 2023 at 06:00
Use these tips for paying taxes when investing in penny stocks The post Trading Penny Stocks: Tips for Paying Taxes appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks
5 Penny Stocks To Watch Today; Is It Time To Buy?
Thursday Apr 20 2023 at 14:27
Penny stocks to watch today. The post 5 Penny Stocks To Watch Today; Is It Time To Buy?
Business Wire
Presto Automation: The Only Voice AI Company to Present at the 2023 Restaurant Leadership Conference
Tuesday Apr 18 2023 at 15:08
SAN CARLOS, Calif.–(BUSINESS WIRE)–Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that it will be presenting at the 2023 Restaurant Leadership Conference in Phoenix, Arizona this week. The conference, an annual event, is attended by senior executives from the top 1,500 leading chains in the restaurant industry.
PennyStocks
The Future of Buying Penny Stocks: Trends for 2023
Tuesday Apr 18 2023 at 07:00
Use these tips to invest in penny stocks right now The post The Future of Buying Penny Stocks: Trends for 2023 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
InvestorPlace
PRST Stock Alert: What to Know About Red-Hot Presto Automation Today
Monday Apr 17 2023 at 10:18
Presto Automation (NASDAQ: PRST ) stock is seeing massive gains on Monday despite a lack of news from the AI company. There’s been no new press releases from Presto Automation that give reason to today’s rally.
GuruFocus
Toast Has Smoking Hot Top-Line Growth
Thursday Feb 23 2023 at 16:34
Toast Inc. ( TOST , Financial) is a cloud-based software company that helps restaurants run their operations.
Seeking Alpha
Presto Automation, Inc. (PRST) Q2 2023 Earnings Call Transcript
Wednesday Feb 15 2023 at 23:42
Presto Automation, Inc. (NASDAQ:PRST ) Q2 2023 Earnings Conference Call February 14, 2023 4:30 PM ET Company Participants Chris Whitcomb – Vice President of Investor Relations Rajat Suri – Founder and Chief Executive Officer Ashish Gupta – Chief Financial Officer Conference Call Participants Brian Dobson – Chardan Capital Markets Samad Samana – Jefferies & Co. Operator Greetings, and welcome to Presto Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
Business Wire
Presto to Report Second Quarter 2023 Financial Results on February 14, 2023
Friday Feb 03 2023 at 15:21
SAN CARLOS, Calif.–( BUSINESS WIRE )–Presto Automation Inc. (“Presto” or the “Company”), one of the largest labor automation technology providers in the hospitality industry, today announced that the Company will release its second quarter 2023 financial results on Tuesday, February 14, 2023 after the financial markets close.
PYMNTS
Presto Completes $1B SPAC Merger to Go Public
Wednesday Nov 10 2021 at 13:28
Restaurant-technology startup Presto will have a valuation of about $1 billion when it goes public through special purpose acquisition company (SPAC) Ventoux CCM Acquisition Corp., the companies told The Wall Street Journal Wednesday (Nov. 10). The $170 million Ventoux CCM SPAC, which is led by former hospitality execs and backed by investment bank Chardan Capital […]
Presto Automation Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Presto Automation’s Altman Z-score is -7.87 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Presto Automation Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $68.80K of common stock in Presto Automation on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Presto Automation’s Income Quality of -0.8 is lower than its Industry Group of 0.34 (-335.3% lower)
Presto Automation’s Income Quality of -0.8 is lower than its Major Industry Group of 0.42 (-290.5% lower)
Presto Automation’s Income Quality of -0.8 is lower than its Sector of 0.5 (-260.0% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Presto Automation’s Current Ratio of 0.53 is lower than its Industry Group of 1.78 (-70.2% lower)
Presto Automation’s Current Ratio of 0.53 is lower than its Major Industry Group of 1.69 (-68.6% lower)
Presto Automation’s Current Ratio of 0.53 is lower than its Sector of 1.59 (-66.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (4.06 & -1.64)
Cannot compare a negative PE Ratio (4.06 & -0.68)
Cannot compare a negative PE Ratio (4.06 & -0.29)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Cannot compare a negative PB Ratio (-8.18 & 2.57)
Cannot compare a negative PB Ratio (-8.18 & 2.08)
Cannot compare a negative PB Ratio (-8.18 & 1.88)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Presto Automation’s ROE of -2.02 is lower than its Industry Group of -0.12 (-1583.3% lower)
Presto Automation’s ROE of -2.02 is lower than its Major Industry Group of -0.06 (-3266.7% lower)
Presto Automation’s ROE of -2.02 is lower than its Sector of -0.04 (-4950.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Presto Automation’s ROCE of 2.74 is greater than its Industry Group of -0.06 (4666.7% greater)
Presto Automation’s ROCE of 2.74 is greater than its Major Industry Group of -0.03 (9233.3% greater)
Presto Automation’s ROCE of 2.74 is greater than its Sector of -0.02 (13800.0% greater)
Derived from SEC.GOV filing dataopen_in_new