AutoStore: Q4 2022 financial results
Fourth quarter 2022 highlights (All comparisons to corresponding period in 2021) · Revenue of USD 148 million, up 58% from USD 93 million · Gross profit of USD 90 million, up from USD 62 million · Gross margin of 61%, down from 66% in Q4 2021, however 650 bps of sequential improvement from Q3 2022 · Adjusted EBITDA[1] of USD 59 million, up 44% from USD 41 million · Adjusted EBITDA[1] margin of 40%, down from 44% in Q4 2021, however 280 bps sequential improvement from Q3 2022 · Quarterly order intake[2] of USD 153 million brought the order backlog[3] to USD 476 million