Presto automation.
Item 1.01 Entry into a Material Definitive Agreement. Common Stock Purchase Agreements On November 17, 2023, Presto Automation Inc. (the “Company”) entered into common stock purchase agreements (the “Purchase Agreements”) with several investors (the “Purchasers”) relating to the issuance and sale of an aggregate of 7,750,000 shares of …
Presto Automation Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 74113T105 (CUSIP Number) Krishna K. Gupta . Romulus Capital . 307 Harvard Street . Cambridge, MA 02139 (516) 603-9357 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)Presto Automation has generated ($1.23) earnings per share over the last year ( ($1.23) diluted earnings per share). Presto Automation has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, February 13th, 2024 based off prior year's report dates. Read More.Explanation of Responses: 1. Reflects securities acquired pursuant to the terms of the Agreement and Plan of Merger, dated as of November 10, 2021, as amended (the "Merger Agreement"), entered into by and among Ventoux CCM Acquisition Corp. (which subsequently changed its name to "Presto Automation Inc.", the "Issuer"), Ventoux …Presto has grown its install base and voice AI cash collections by 50% sequentially quarter-over-quarter and now has over 300 locations implemented. Our rollout with Checkers has been so successful that that they recently named us Supplier of the Year in their innovation efforts. Voice AI for Presto has represented over 30% of our customer cashOpenCity, Presto Automation, and Valyant AI each signed a deal with CKE Restaurants, the umbrella company for the fast-food chains, to be able to pursue partnerships with both corporate and franchise locations of the quick-service restaurants (QSRs), potentially setting the stage for direct competition among the AI firms. Drive …
Presto Automation, Inc. engages in the provision of enterprise-grade artificial intelligence (AI) and solutions to the restaurant industry. It focuses on its Presto Voice AI. The company was founded by Rajat Suri in 2008 and is headquartered in San Carlos, CA.
Justin Foster. Justin is a revenue-focused entrepreneur with over 20 years of experience driving the growth of successful technology companies. He was co-founder of Everystep and Liveclicker (acquired by CM Group) and provided strategic leadership for WhatCounts, Insider, and Iterate.ai. Justin holds a BBA degree from Pacific Lutheran University.
Presto Automation Inc. (NASDAQ: PRST) is a public company specializing in voice recognition AI technology. We focus on applying this technology in the ...Shares of Presto Automation stock dropped more than 25% in intraday trading on April 24, 2023. Who is eligible? Anyone who purchased Presto Automation, Inc. stock and has lost money may be ...War llamas feel the sting of automation. Great news if you’re an Israeli war llama: Your tour of duty is over. The Israeli army will begin testing robots designed to carry up to 1,100 pounds of equipment alongside soldiers starting in Septe...Nov 30, 2023 · Presto Automation, Inc. provides labor automation technology solutions in the hospitality industry. It offers a platform of comprehensive voice, vision, and touch solutions designed to increase staff productivity and improve the guest experience. The company was founded in 2008 and is headquartered in San Carlos, California. Presto (NASDAQ: PRST) provides enterprise-grade AI and automation solutions to the restaurant industry. Our solutions are designed to decrease labor costs, improve staff productivity, increase ...
Nov 24, 2023 · Presto Automation, Inc. (NASDAQ:PRST) Q1 2024 Earnings Call Transcript November 23, 2023 Operator: Hello, and welcome to Presto Automation’s First Quarter 2024 Earnings Call.
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 ...
SAN CARLOS, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQ: PRST ), an enterprise-grade AI and automation solutions provider to some of the nation’s largest restaurant brands, today appointed Kat Hoffman-Flynt as Chief Operating Officer, effective immediately. Ms. Hoffman-Flynt brings more than 20 …Presto Automation will host a conference call today at 4:30 PM ET to review the Company’s financial results for the quarter ended December 31, 2022. The call will be accessible by telephone at 877-407-0792 (domestic) or 201-689-8555 (international) using passcode 13736036. The call will also be available live via webcast on the Company’s ...In today’s fast-paced and digital world, businesses are constantly looking for ways to streamline their processes and improve efficiency. One area where automation can greatly benefit businesses is in the payments department.This Quarterly Report on Form 10-Q contains statements that Presto Automation Inc. and its subsidiaries (together, the “Company” or “Presto”) believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements ...Presto Automation Inc. (“Presto” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2022 (the “Quarterly Report”). The Company has determined that it is unable to file its Quarterly Report within the prescribed time ...Presto Automation, Inc. provides labor automation technology solutions in the hospitality industry. It offers a platform of comprehensive voice, vision, and touch solutions designed to increase staff productivity and improve the guest experience. The company was founded in 2008 and is headquartered in San Carlos, California.
Investors will also keep in mind that Presto Automation is an AI company with a focus on customer service. Presto is its main product, which handles drive-thru orders for fast food restaurants ...Presto Automation has merged with shell company Ventoux to go public in one of the few successful SPAC deals in recent months, raising about $120 million from the public as well as a strategic investment from Cleveland Avenue and others and an infusion from Ventoux's trust fund.Dec 1, 2023 · Presto Automation Inc. is a labor automation technology provider in the hospitality industry. The Company creates productivity technologies for restaurants, including a generative voice artificial intelligence (AI) product solution that automates drive-thru. Presto Voice™, its industry-leading automation and voice AI technology, improves order accuracy, reduces labor costs, and increases revenue for superior drive-thru and dine-in experiences. With over $18 billion in payments processed, Presto is one of the largest labor automation technology providers in the industry.SAN CARLOS, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQ: PRST) announced it has appointed Steve Herbert as a Strategic Advisor for Presto Touch, Presto’s at-the-table ...73. San Carlos, Calif. — Presto Automation Inc., the largest drive-thru automation technology provider in the hospitality industry, has formed a collaboration with OpenAI, an AI research and deployment company, to drive greater innovation around its drive-thru AI voice assistant. OpenAI’s ChatGPT API will be used to expand the feature …
About Presto Automation Inc. Presto (NASDAQ: PRST) provides enterprise-grade Voice , Vision , and Touch ™ technologies to help hospitality businesses thrive while delighting guests. With over 380 million transactions processed, Presto is one of the largest labor automation technology providers in the industry.
Financial Outlook Update. Presto expects total revenue for the fiscal second quarter of 2024 to be in the range of $4.8 million to $5.0 million. Presto Automation, Inc. Fiscal First Quarter 2024 Conference Call Details. Date: Monday, November 20, 2023. Time: 5:00 p.m. ET / 2:00 p.m. PT.Presto Voice™, its industry-leading automation and voice AI technology, improves order accuracy, reduces labor costs, and increases revenue for superior drive-thru and dine-in experiences.Nov 20, 2023 · Presto Automation, Inc. Fiscal First Quarter 2024 Conference Call Details Date: Monday, November 20, 2023 Time: 5:00 p.m. ET / 2:00 p.m. PT Link: You can register for the conference call at https ... (Continued from footnote 3) entered into by and among Ventoux CCM Acquisition Corp. (which subsequently changed its name to "Presto Automation Inc.", the "Issuer"), Ventoux Merger Sub I Inc. and Ventoux Merger Sub II LLC, each a wholly owned subsidiary of Ventoux CCM Acquisition Corp., and E La Carte, Inc. ("Old Presto"), the Issuer acquired ...Presto Automation, Inc. (NASDAQ:PRST) Q1 2024 Earnings Call Transcript November 23, 2023 Operator: Hello, and welcome to Presto Automation’s First Quarter 2024 Earnings Call.The twin burger brands said Thursday they will use AI voicebots from Presto Automation to take drive-thru orders at participating locations nationwide. Hardee’s and Carl’s have about 2,800 restaurants in 44 states. Some of them have already been testing Presto’s system, which can greet customers, take their order and offer upsells.Brian Dobson; Analyst; Chardan Capital Markets. Presentation. Operator. Hello and welcome to Presto Automation's first-quarter 2024 earnings call. At this time, all participants are on a listen ...Residential and commercial solar power solution company, Pedleys Solar, automates business processes with Zoho One for a complete view of sales process. Residential and commercial solar power solution and repair company, Pedleys Solar, auto...In today’s fast-paced digital world, businesses are constantly looking for ways to streamline their processes and increase efficiency. One of the most effective ways to achieve this is by implementing automation tools.
In today’s fast-paced business environment, efficiency and cost reduction are key factors for success. One area that can greatly benefit from automation is accounts payable. One of the primary benefits of accounts payable automation is the ...
Presto Automation Inc. (NASDAQ: PRST) is a public company in voice recognition AI technology. It applies that technology in the restaurant drive-through setting, focused on well-known customers such as Del Taco, Checkers, and in the sit-down setting such as Red Lobsters, Applebee’s, and Chili’s. The company foresaw the rise of AI and the ...
Presto Voice is the leading AI voice automation solution for restaurant drive-thrus. It offers an average 6% increase in sales due to consistent upselling and up to 8 hours of labor saved per day per store. Presto announced a custom voice feature last year, where Presto Voice can use the voice of a celebrity, a brand persona, or even Santa Claus.Oct 13, 2023 · Presto Automation Inc ( NASDAQ:PRST) reported financial results for the full year ended June 30, 2023, in line with guidance. The company announced an increased ownership commitment from a major ... Presto Automation Inc insiders own 36.26% of total outstanding shares while institutional holders control 29.92%, with the float percentage being 46.93%. Susquehanna International Group, LLP is the largest shareholder of the company, while 24 institutions own stock in it. As of Jun 29, 2023, the company held over 2.47 million shares (or 4.27% ...SAN CARLOS, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQ:PRST), an enterprise-grade AI and automation solutions provider to some of the nation's largest restaurant brands ...The modern workplace is constantly evolving, and businesses are looking for ways to stay ahead of the competition. One of the best ways to do this is by investing in automation technology.We have acted as New York counsel to Presto Automation Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S-8 (the “Registration Statement”) on the date hereof, relating to the ...united states. securities and exchange commission. washington, d.c. 20549. form 8-k. current report. pursuant to section 13 or 15(d) of the. securities exchange act of 1934Nov 20, 2023 · SAN CARLOS, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal first quarter ended September 30, 2023. All comparisons are to the first quarter of the prior fiscal ... Oct. 20, 2023 5:15 PM ET Presto Automation Inc. (PRST) By: Jaskiran Singh, SA News Editor. Presto Automation ( NASDAQ: PRST) on Friday filed a prospectus for a mixed shelf offering of up to $75M ...In today’s fast-paced business environment, efficiency and cost reduction are key factors for success. One area that can greatly benefit from automation is accounts payable. One of the primary benefits of accounts payable automation is the ...
Presto Automation. In my view, this outcome of the listing significantly limits the company’s growth prospects and the path to profitability is unclear now. Presto is barely growing at the ...Presto Automation has its eyes set on the future. We envision a brighter future for everyone, and we are excited to continue to do our part to achieve that. We aim to help guide the manufacturing sector through the next industrial revolution (Industry 4.0) both through our solutions, and through virtual awareness (blogs, video training, s. Presto Automation, Inc. Fiscal First Quarter 2024 Conference Call Details. Date: Monday, November 20, 2023. Time: 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) Telco Registration: You can ...Presto is a proven leader in automation technology and as a public company also understands how to operationalize the successful deployment of its products across thousands of restaurants.Instagram:https://instagram. surgetrader competitionregional bank etf vanguardnon woke companies to invest inschd schwab This Form 10-K contains statements that Presto Automation Inc. and its subsidiaries (together, the “Company” or “Presto”) believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements relating to ...Presto Raises Capital from Remus Investor Group, Announces Addition of Two Board Members, and Significant Cost Reductions. November 17, 2023 09:52 ET | Source: Presto Automation Inc. Follow. SAN ... hbl habib bankcan i get a heloc after refinancing SAN CARLOS, Calif., Oct. 02, 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 fourth quarter and full year 2023 financial results on Tuesday, October 10, 2023, after the …Nov 30, 2023 · Presto Automation, Inc. provides labor automation technology solutions in the hospitality industry. It offers a platform of comprehensive voice, vision, and touch solutions designed to increase staff productivity and improve the guest experience. The company was founded in 2008 and is headquartered in San Carlos, California. will medicaid cover braces Presto Automation Inc. (“Presto” or the “Company”) has determined that it will not be able to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the “Quarterly Report”) within the prescribed time period as it is still finalizing its financial results and preparing the according disclosures and will ...Nov 20, 2023 · SAN CARLOS, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal first quarter ended September 30, 2023. All comparisons are to the first quarter of the prior fiscal ...