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Presto Automation PRST · USD

Information Technology · US listing · 🇺🇸 United States

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About Presto Automation

Its shares trade under the ticker PRST. It has been listed since 30 December 2020. In the fiscal year to 30 June 2023, it reported revenue of $26.1m and a net loss of $34.5m. At that date it held total assets of $46.7m and shareholders' equity of −$45.2m.

Presto Automation creates magical productivity technologies for restaurants, including a generative voice AI product solution that automates drive-thrus for some of the nation’s largest chains. The company is headquartered in San Carlos, California. The company went IPO on 2020-12-30. The firm creates productivity technologies for restaurants, including a generative voice artificial intelligence (AI) product solution that automates drive-thru. The Company’s enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Its Presto Voice is an AI voice assistant for drive-thru operations. Its Presto Vision features personalized menu boards, tracks guest entry, monitors guest/staff interaction frequency and quality during in-store dining, identifies and notifies the need for service such as clearing the table or beverage refill, and takes automated payments using a pre-stored credit card. The Company’s Touch product, Presto Flex, functions as an all-in-one server handheld or tabletop guest ordering, payment, customer personalization, and gaming device.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Information Technology
Industry
Electronic Equipment, Instruments & Components
Listed since
30 Dec 2020
Employees
137
Website
presto.com ↗

Leadership

Pay as last reported

  • Mr. Edward ScheetzIndependent Chairman of the Board, since 2020$400,039
  • Ms. Lillian MeyerChief Financial Officer
  • Ms. Katherine Hoffman - FlyntChief Operating Officer
  • Mr. William HealeyChief Technology Officer
  • Mr. Stanley MbuguaChief Accounting Officer
  • Mr. Matthew MacdonaldDirector, since 2020
  • Mr. Tewfik CassisNon-Executive Director
  • Ms. Sasha HoffmanNon-Executive Director
  • Mr. Ilya GolubovichNon-Executive Independent Director$354,331
  • Mr. Keith KravcikNon-Executive Independent Director$1.6m
  • Ms. Gail ZauderNon-Executive Independent Director$1.0m
  • Mr. Adam RogersVice President - Investor Relations, since 2023

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
16
Environment
17
Social
20
Governance
11
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Presto Automation Inc's IPO on December 30, 2020, provides access to public capital markets.
  • Presto Automation Inc's headquarters in San Carlos, California, supports its operations in the Information Technology sector.
  • Presto Automation Inc's product Presto Voice automates drive-thru operations for restaurant chains.

Weaknesses

  • Presto Automation Inc has only 137 employees, limiting its operational capacity.
  • Presto Automation Inc's industry focus on Electrical Equipment restricts its market scope.
  • Presto Automation Inc's product Presto Vision is limited to in-store dining applications.

Opportunities

  • Presto Automation Inc can expand its Presto Flex product to new restaurant segments.
  • Presto Automation Inc can leverage its generative voice AI technology for additional hospitality applications.
  • Presto Automation Inc can target international markets beyond the US.

Threats

  • Presto Automation Inc's reliance on the restaurant industry makes it vulnerable to sector-specific downturns.
  • Presto Automation Inc's product Presto Vision requires significant hardware integration, increasing implementation costs.
  • Presto Automation Inc's generative voice AI product solution faces competition from other AI-driven restaurant technologies.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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