Streetbeat News

PRST

Presto Automation, Inc.

https://presto.com

Industry

Software - Application

Presto Automation, Inc. provides labor automation technology solutions in the hospitality industry. The company offers a platform of voice, vision, and touch solutions, which increase staff productivity and improve the guest experience. Presto Automation, Inc. was incorporated in 2008 and is headquartered in San Carlos, California.

Open

0.00

Mkt cap

1M

Volume

147K

High

0.00

P/E Ratio

N/A

52-wk high

1.24

Low

0.00

Div yield

N/A

52-wk low

0.00

Presto Automation Inc. (NASDAQ:PRST) announced a $6M financing through convertible subordinated notes and a favorable court verdict against XAC Automation Corp. The financing was led by existing investors, including Remus Capital. The company also reported significant growth in its Presto AI Voice product, doubling its live stores to 145. CEO Xavier Casanova resigned, with a replacement to be announced. Presto won an $11.1M award from XAC, with plans to enforce or monetize the award. An amendment with Hi Auto allows competition for the Checkers relationship. The notes are convertible into 36M shares at $0.25/share. The company needs to raise an additional $6M by March 8, 2024, to sustain operations. Matthew MacDonald joined the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:06 pm

In Wednesday's intraday session, 12 Information Technology stocks saw significant movements. Notable gainers included MicroCloud Hologram (HOLO) with a 480.2% increase, and SMX (Security Matters) rising by 93.32%. On the losing end, Presto Automation (PRST) fell by 17.9%, and Phunware (PHUN) dropped by 17.41%. Aviat Networks (AVNW), ePlus (PLUS), and Viasat (VSAT) reported their quarterly earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:31 pm

In Monday's after-market session, several Information Technology stocks showed significant movement. Notably, Auddia, Bit Origin, Palantir Technologies, Presto Automation, SatixFy Communications, and Varonis Systems experienced gains, with Palantir and Varonis releasing their Q4 earnings. Conversely, Fabrinet, Rambus, Amkor Tech, CXApp, Sobr Safe, and Inseego saw declines, with Fabrinet, Rambus, and Amkor Tech also releasing their earnings reports.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:31 pm

In Wednesday's after-market session, several IT stocks experienced movement. Akerna, BTCS, Presto Automation, Akoustis Technologies, Expensify, and Digi Intl saw gains, with Digi Intl's rise attributed to its Q1 earnings report. Conversely, Infobird Co, MaxLinear, Cemtrex, Inuvo, Oblong, and Wolfspeed faced declines, with MaxLinear and Wolfspeed's drops linked to their Q4 and Q2 earnings releases, respectively.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:30 pm

In Wednesday's pre-market session, several IT stocks showed significant movement. Minim, Smith Micro Software, ZeroFox Holdings, Manhattan Associates, Pixelworks, and Presto Automation experienced gains, with Manhattan Associates reporting Q4 earnings. Conversely, Remark Holdings, Extreme Networks, SMX, Crexendo, Oblong, and Teradyne saw declines, with Extreme Networks and Teradyne releasing their Q2 and Q4 earnings respectively.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:05 pm

In Tuesday's after-market session, several information technology stocks saw significant movements. Minim, Remark Holdings, BTC Digital, Skyworks Solutions, Manhattan Associates, and Presto Automation experienced gains, with Skyworks and Manhattan Associates releasing their Q1 and Q4 earnings respectively. Conversely, SMX, Sobr Safe, Infobird Co, Oblong, Gorilla Tech Gr, and Avnet saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:31 pm

In Friday's pre-market session, several IT stocks showed significant movement. Cyngn, Aurora Mobile, AppFolio, Presto Automation, Porch Group, and Auddia experienced gains, with AppFolio's rise attributed to its Q4 earnings report. Conversely, Intel, My Size, GSI Technology, GSE Systems, ReAlpha Tech Corp, and Backblaze saw their stock prices fall, with Intel's and GSI Technology's drops linked to their Q4 and Q3 earnings reports, respectively.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 1:05 pm

During Wednesday's intraday session, several information technology stocks experienced significant movements. CCSC Technology (CCTG) saw the largest increase, with shares rising 60.8% to $15.69. Other gainers included Roadzen (RDZN), ReAlpha Tech Corp (AIRE), SEALSQ (LAES), Bit Origin (BTOG), and Alarum Technologies (ALAR). On the losing side, Remark Hldgs (MARK), Peraso (PRSO), SMX (Security Matters) (SMX), Presto Automation (PRST), Nano Labs (NA), and Meta Materials (MMAT) saw their stock prices fall, with declines ranging from 8.09% to 13.6%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:30 pm

During Tuesday's intraday session, several information technology stocks experienced significant movements. Addvantage Technologies (AEY) saw a 21.6% increase, while Phunware (PHUN) rose by 17.68%. Cyngn (CYN) and Canadian Solar (CSIQ) also gained, with rises of 13.62% and 11.78% respectively. Alpine 4 Holdings (ALPP) and Ondas Holdings (ONDS) both saw their stocks increase by over 11%. On the downside, Presto Automation (PRST) dropped by 15.8%, Remark Holdings (MARK) by 13.56%, Nano Labs (NA) by 12.81%, DatChat (DATS) by 10.98%, MicroAlgo (MLGO) by 9.24%, and M-Tron Industries (MPTI) by 9.09%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 5:30 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Cyngn, SMX, Phunware, DZS, WISeKey Intl Holding, and CISO Global were among the gainers, with increases ranging from 7.47% to 35.1%. Conversely, Presto Automation, Nvni Group, Stronghold Digital Mining, ARB IOT Group, Oblong, and Akerna experienced declines between 5.0% and 11.1%. Market capitalizations for these companies vary, with Cyngn at $8.8 million and Phunware at $113.5 million.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.