Berkshire Grey Investor Presentation Deck
Financial Summary
Q3-22 Financial Highlights:
●
Revenue of $24 million
Increase of $5 million or 26% year-over-year
BG
Backlog of $104 million()
Orders since inception of $250 million
Profitability drivers:
260
Asset-light business model
Increased scale
Product cost reductions
OPEX leverage
240
220
200
180
160
140
120
YTD Operational Highlights:
Strategic agreements with FedEx
Secured $50 million in orders year-to-date") - primarily follow-on orders with strategic customers
Expanded the Berkshire Grey Partner Alliance (BGPA) program to 16 partners
Orders Since Inception (¹)
Q1 21
Q2 21
Q3 21
$250
million
Q4 21 October 2022
G
Long-Term Operating Model:
~50% GM
~25% Adj. EBITDA (2)
As of November 10, 2022
BERKSHIRE 1.
GREY
2. Defined as loss from operations adjusted primarily for depreciation, stock-compensation expense, provision for common stock warrants, and changes in the fair value of warrants
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