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Serve Robotics Q2 Earnings Call Highlights
['Latisha Jones']
Daily Political
He added that Serve remains engaged with Uber and is open to finding a path to continue working together.
Read said total revenue increased sequentially because other business lines more than offset a meaningful quarter-over-quarter decline in delivery revenue.
Read said fleet gross margin improved sequentially despite the Uber delivery decline, which he attributed to operational efficiency and cost discipline.
Read said software revenue could be “a little softer” in the second half, though he said Diligent would continue to support the company’s revenue mix and margin profile.
About Serve Robotics (NASDAQ:SERV)Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands.