Presto (NASDAQ: PRST) provides enterprise-grade AI and automation solutions to the restaurant industry. Our solutions are designed to decrease labor costs, improve staff productivity, increase revenue, and enhance the guest experience. We offer our AI solution, Presto VoiceTM, to quick service restaurants (QSR) and our pay-at-table tablet solution, Presto Touch, to casual dining chains. Some of the most recognized restaurant names in the United States are among our customers, including Carl’s Jr., Hardee’s, and Checkers for Presto VoiceTM and Applebee’s, Chili’s, and Red Lobster for Presto Touch.
Company profile
Ticker
PRST
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
Ventoux CCM Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
E La Carte, LLC • Presto Technology, Inc. ...
PRST stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
21 Mar 24
8-K
Entry into a Material Definitive Agreement
18 Mar 24
424B5
Prospectus supplement for primary offering
15 Mar 24
8-K
Departure of Directors or Certain Officers
11 Mar 24
8-K
Entry into a Material Definitive Agreement
4 Mar 24
424B5
Prospectus supplement for primary offering
1 Mar 24
8-K
Presto Automation Announces Pricing of $2.1M Registered Direct Offering
29 Feb 24
S-8
Registration of securities for employees
20 Feb 24
10-Q
2024 Q2
Quarterly report
20 Feb 24
8-K/A
Entry into a Material Definitive Agreement
20 Feb 24
Latest ownership filings
SC 13G
Abri Advisors Ltd.
27 Mar 24
3
STEPHEN P HERBERT
15 Mar 24
3
Guillaume Lefevre
22 Feb 24
3
Matthew Macdonald
7 Feb 24
144
Notice of proposed sale of securities
27 Dec 23
SC 13D/A
Cleveland Avenue Food & Beverage Fund II, LP
20 Dec 23
4
Change in insider ownership
20 Dec 23
4
Keith E Kravcik
11 Dec 23
3
Katherine Hoffman-Flynt
8 Dec 23
144
Notice of proposed sale of securities
8 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Jun 23 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 13.29 mm | 13.29 mm | 13.29 mm | 13.29 mm | 13.29 mm | 13.29 mm |
Cash burn (monthly) | 3.95 mm | 3.83 mm | 4.42 mm | 6.88 mm | 3.51 mm | 3.66 mm |
Cash used (since last report) | 23.55 mm | 22.82 mm | 26.34 mm | 40.97 mm | 20.90 mm | 21.79 mm |
Cash remaining | -10.26 mm | -9.53 mm | -13.06 mm | -27.68 mm | -7.61 mm | -8.51 mm |
Runway (months of cash) | -2.6 | -2.5 | -3.0 | -4.0 | -2.2 | -2.3 |
Institutional ownership, Q3 2023
38.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 26 |
Opened positions | 21 |
Closed positions | 34 |
Increased positions | 2 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 211.99 mm |
Total shares | 31.03 mm |
Total puts | 0.00 |
Total calls | 98.30 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Romulus Capital I | 11.99 mm | $0.00 |
Cleveland Avenue Food & Beverage Fund II | 10.00 mm | $0.00 |
I2BF Global Investments | 4.43 mm | $9.70 mm |
MMCAP International Inc. SPC | 1.07 mm | $53.17 mm |
Linden Advisors | 547.33 k | $25.62 mm |
Silver Rock Financial | 500.00 k | $24.95 mm |
LMR Partners | 400.00 k | $19.96 mm |
Gabelli Funds | 376.31 k | $18.78 mm |
GABELLI & Co INVESTMENT ADVISERS | 301.10 k | $15.03 mm |
Radcliffe Capital Management | 235.34 k | $11.01 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Dec 23 | Keith E Kravcik | Common Stock, $0.0001 par value | Sell | Dispose S | No | No | 0.62 | 22,687 | 14.07 k | 400,000 |
7 Dec 23 | Keith E Kravcik | Common Stock, $0.0001 par value | Sell | Dispose S | No | No | 0.66 | 15,800 | 10.43 k | 422,687 |
24 Nov 23 | Dan Mosher | Common Stock, $0.0001 par value | Sell | Dispose S | No | No | 0.5691 | 23,334 | 13.28 k | 279,779 |
News
12 Information Technology Stocks Moving In Thursday's Intraday Session
28 Mar 24
12 Information Technology Stocks Moving In Wednesday's Intraday Session
27 Mar 24
12 Information Technology Stocks Moving In Tuesday's After-Market Session
26 Mar 24
12 Information Technology Stocks Moving In Thursday's Pre-Market Session
21 Mar 24
12 Information Technology Stocks Moving In Wednesday's After-Market Session
20 Mar 24
Press releases
Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price
14 Mar 24
Presto Automation cancels Fiscal Second Quarter 2024 earnings call
5 Mar 24
Presto to Report Fiscal Second Quarter 2024 Financial Results
1 Mar 24
Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering
29 Feb 24
This Stock Duo Is Having Compounding Success This Week
28 Feb 24