AutoStore: Q3 2022 financial results
Third quarter 2022 highlights (All comparisons to corresponding period in 2021) · Revenue of USD 147 million, up 74% from USD 85 million · Adjusted EBITDA[1 ]of USD 55 million, up 30% from USD 42 million · Adjusted EBITDA[1] margin of 37%, down from 50% · Gross profit of USD 80 million, up from USD 56 million · Gross margin of 54%, down from 66% · A quarterly order intake[2] of USD 155 million brought the order backlog[3 ]to USD 470 million · Simplified free cash flow[1] was USD 48 million, up from USD 35 million, equating to a cash flow conversion rate of 88% (84%)