Serve Robotics Announces Fourth Quarter and Full Year 2024 Results
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Serve Robotics reported a significant increase in revenue for 2024, with a 773% year-over-year growth to $1.8 million. The company expanded its operations in Los Angeles, launched in Miami, and plans to enter Dallas and Atlanta. Serve reached over 1,000 restaurants and 300,000 households. The company ended 2024 with $123 million in cash and no debt, raising an additional $91 million in January 2025.
March 06, 2025 | 9:15 pm
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Serve Robotics reported a 773% increase in revenue for 2024, reaching $1.8 million. The company expanded its geographic presence and increased its reach to over 1,000 restaurants and 300,000 households. With $123 million in cash and no debt, Serve is well-positioned for future growth.
The significant revenue growth and expansion into new markets indicate strong business momentum. The company's solid cash position and lack of debt further support its growth potential, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100