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.
![Presto Automation logo](/files/LOGO/1822145-PRST.png)
Company profile
Ticker
PRST
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Gen Digital • Activision Blizzard • 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)
424B5
Prospectus supplement for primary offering
25 Jul 24
8-K
Entry into a Material Definitive Agreement
25 Jul 24
8-K
Entry into a Material Definitive Agreement
22 Jul 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
3 Jul 24
DEFA14A
Additional proxy soliciting materials
27 Jun 24
DEF 14A
Definitive proxy
20 Jun 24
PRER14A
Preliminary revised proxy
14 Jun 24
424B5
Prospectus supplement for primary offering
13 Jun 24
PRE 14A
Preliminary proxy
7 Jun 24
424B5
Prospectus supplement for primary offering
7 Jun 24
Latest ownership filings
4
Stanley Mbugua
12 Jun 24
4
Katherine Hoffman-Flynt
29 May 24
4
Guillaume Lefevre
29 May 24
4
Stanley Mbugua
29 May 24
4
William Robert Healey
29 May 24
144
Notice of proposed sale of securities
28 May 24
144
Notice of proposed sale of securities
28 May 24
144
Notice of proposed sale of securities
24 May 24
144
Notice of proposed sale of securities
24 May 24
SC 13G
Brown Stone Capital Ltd
4 Apr 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
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) | 4.24 mm | 4.24 mm | 4.24 mm | 4.24 mm | 4.24 mm | 4.24 mm |
Cash burn (monthly) | 3.05 mm | 1.90 mm | 6.02 mm | 7.31 mm | 3.41 mm | 3.42 mm |
Cash used (since last report) | 11.78 mm | 7.33 mm | 23.26 mm | 28.28 mm | 13.20 mm | 13.20 mm |
Cash remaining | -7.54 mm | -3.09 mm | -19.02 mm | -24.04 mm | -8.96 mm | -8.97 mm |
Runway (months of cash) | -2.5 | -1.6 | -3.2 | -3.3 | -2.6 | -2.6 |
Institutional ownership, Q1 2024
17.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 20.36 mm |
Total shares | 28.15 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Romulus Capital I | 11.99 mm | $0.00 |
Cleveland Avenue Food & Beverage Fund II | 11.50 mm | $6.90 mm |
I2BF Global Investments | 4.43 mm | $9.70 mm |
Cowen And | 224.82 k | $3.73 mm |
Equitec Proprietary Markets | 1.60 k | $27.00 k |
Proequities | 0.00 | $0.00 |
Brown Stone Capital | 0.00 | $0.00 |
Abri Advisors | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Jun 24 | Stanley Mbugua | Common Stock | Sell | Dispose S | No | No | 0.1158 | 1,318 | 152.62 | 274,623 |
23 May 24 | William Robert Healey | Common Stock | Sell | Dispose S | No | No | 0.176 | 20,553 | 3.62 k | 151,693 |
23 May 24 | Stanley Mbugua | Common Stock | Sell | Dispose S | No | No | 0.176 | 36,559 | 6.43 k | 275,941 |
23 May 24 | Katherine Hoffman-Flynt | Common Stock | Sell | Dispose S | No | No | 0.176 | 59,661 | 10.50 k | 287,291 |
25 Apr 24 | William Robert Healey | Common Stock, $0.0001 par value ("Common Stock") | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 172,246 |
25 Apr 24 | Stanley Mbugua | Common Stock, $0.0001 par value ("Common Stock") | Grant | Acquire A | No | No | 0 | 12,500 | 0.00 | 312,500 |
25 Apr 24 | Guillaume Lefevre | Common Stock, $0.0001 par value ("Common Stock") | Grant | Acquire A | No | No | 0 | 300,000 | 0.00 | 300,000 |
25 Apr 24 | Katherine Hoffman-Flynt | Common Stock, $0.0001 par value ("Common Stock") | Grant | Acquire A | No | No | 0 | 300,000 | 0.00 | 346,952 |
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Press releases
Stocks to Watch: Hidden Opportunities Under 10 Cents, Huge Growth Potential: RJDG, PRST, VHAI, SLNA, MKRO
17 Jul 24
Presto Pilots Drive-Thru Voice AI at Taco John's
3 Jun 24
Presto Automation Announces Fiscal Third Quarter 2024 Financial Results
21 May 24
Presto Announces Pilot of Spanish Voice AI for Drive-Thrus
20 May 24
Presto to Report Fiscal Third Quarter 2024 Financial Results
14 May 24