Presto Announces Signed Agreements With 13 QSR Franchise Groups Representing More Than 500 Locations Combined; Presto Estimates The Serviceable Addressable Market For This Space To Be $2.25B In The U.S. Alone
Portfolio Pulse from Happy Mohamed
Presto Automation Inc. (NASDAQ:PRST) has signed agreements with 13 QSR franchise groups, representing over 500 locations nationwide. All franchisees have committed to deploying Presto Voice, Presto's proprietary drive-thru automation solution. The company estimates the serviceable addressable market for this space to be $2.25B in the U.S. alone. Presto Voice customers have seen check size increases of up to 6%, labor redeployment to accelerate service speed, and upselling up to 4X higher than human order-takers.
August 17, 2023 | 1:23 pm
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POSITIVE IMPACT
Presto Automation's new agreements with 13 QSR franchise groups for its drive-thru automation solution could significantly boost its market presence and revenues. The company's estimation of a $2.25B addressable market in the U.S. indicates a substantial growth potential.
The news of Presto Automation signing agreements with 13 QSR franchise groups for its drive-thru automation solution is directly relevant to the company and its future performance. The company's estimation of a $2.25B addressable market in the U.S. indicates a substantial growth potential. This could lead to increased revenues and a positive impact on the company's stock price in the short term.
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