BGRY - Earnings call transcript Q4 2021

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Operator

Ladies and gentlemen, thank you for standing by and welcome to the Berkshire Grey Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the conference over to your speaker for today. Sara Buda, you may begin.

Sara Buda

Terrific. you. Thank and year joining XXXX everybody quarter Grey's you fiscal and earnings thank morning, Berkshire for fourth Good conference call. issued we results. today, a announcing release Earlier our press financial ir.berkshiregray.com. our The available Investor Relations release on website is at today's Tom and Officer, will Chief Mark Financial Wagner; Berkshire Founder our Grey's Leading and discussion Executive Officer, Chief Fidler. be

remarks, we prepared the management's open up call to Following will questions.

Private differ inform may Before we meaning Securities those conference uncertainties. in statements with the due call materially to business risk constitute made operating concerning implied may financial call statements certain Reform provided performance of get started, our filings and results Litigation risks the and from you contained Information we'd in Future statements any Act. of during is forward-looking various that conference SEC. these like the or forward-looking this to on within uncertainties and this the expressed factors

based and as currently date not in statements information made. We update available call commit view current on company's do to us are these to of statements the are statements. Forward-looking this these including the represent

will press reminder, CEO. will furnished of now prepared a in and turn measures be will now derived to addition to available not GAAP not GAAP. accordance measure website. for to non-GAAP be With financial alternative SEC substitute GAAP IR Wagner, accordance considered over non-GAAP call with These to our financial that, in or measures and measures performance some we measures performance in Tom any are which during detailed an today's to and the a As be superior of I with can in and is found reconciliation release non-GAAP today call. earnings A referring the be on our should

Tom Wagner

Good morning thank and Sara. you,

public start retail door. e-commerce robotic make their where handle are company, orders Berkshire this e-commerce only with packages a that going. context to about make call fill we as and we're systems we your industry-leading our second off AI-enabled and who some they I'll is At as Given earnings Grey and way

AI within and fulfillment operations, that developed operation are difficult our products. functions every almost billion organizing. addressable logistics to have packing, $XXX technology in These and a breakthrough core automates found We lead robotic that including sorting, and are market moving picking, for labor-intensive tasks

Our business proven orders technology repeat from production and in for XXX are work our and pipeline tangible customers. of well. anchor is one returns as secured our doing new customers every growing Fortune We driving

beyond. our of me get XXXX in details of and a three strong the year Berkshire main for growth macro XXXX Now, XXXX into achievements. trends let some was with driving and the Grey

delivered revenue. we our for First, robotic in million generating customers, $XX solutions breakthrough

proven anchor secured we mean orders, Second, of delivers We're production, Customers million with part were is orders and XX% installed, customers. technology in new of strategies. value. which quantifiable customers' our $XX automation in from our repeat

their multiyear Third, to we be the number double relationships the our long-term of in billion with new strategic potential doubled the become across for of our pipeline, bringing installed Many network. customers and have it new rollout to to facilities products customers. plans $X.X

logos forward. was our by for follow-on our customers, XXXX huge a year value orders So anchor commercial and watershed new as substantive orders by step growth. We a from took the we significant evidenced us proposition new pipeline proved and

six our All greater we months long-term outlook confidence in of this us gives even than ago. even had

$XXX XXXX. which year We contracts. started in is strong signed with us million for this customer continuing Our into momentum backlog means

growth guidance year-on-year. for indicates million, about revenue XX% XXXX $XX of Our approximately

strong our delays. as is pipeline customers growing The deployments commitment anchor of slower is business than supply is the and would customers our we While factors a like customer bit and like of to anticipated. from our pace due new chain

executives technologies where systems are highly of package moving products important that technology believe our they are growth their for meeting most an a goods at showcased our value them strategy. for how in automated videos publicly technology talked robotic annual the kickoff and our while their their part effective FedEx has potential key handling of about deliver exclusive Walmart and new to fit customers, featured their Between messages from XXXX talking today and recent Target of is $X.X showing visibility call at our need has customers they doubled the invest addition increased today you us earnings find more. for about were presentation and important locations. appetite with want One of early and and customers us our recently sorting invited display our their to robots hundreds stands in anchor and our pipeline billion. automation. of

strategic that We to arrangements of more large-scale executed, in energy are and economies negotiations even add efficiency help will the drive if system for scale and improvements. currently

value systems that Grey. Our appreciate anywhere technology can't and they it customers the appreciate underlying the but Berkshire of these and get simply

talking that minutes about So, let few me technology. spend a

center, automate distribution products package even back robotic store. warehouse, and a processes within facility fulfillment order at Our handling

If you warehouse systems of items. a there enter form filled We pick, and orders. automate when that until many pack, steps from in can into a our move operation, sort, the could goods warehouse organize look typical are they depart

to fill For orders. packing picking from into items inventory e-commerce example, them and boxes

boxes build trucks. store. preparatory both to items from rapidly better items in-person store stores the to picking We're serve the which ordered enables sorting Our customers and from loading e-commerce inventory to resupply loan

automate in from effective indicate our which a e-commerce operations, Our for ubiquitous a steps. and we we new automating step these four of repeat technologies orders steps, of put-wall entire function automating in sortation. which introduced is new products, the and anchor is tuned size, the just lines The shape products warehouse. one Along how of XXXX, configuration in customers at are steps

move already expect product have products. in and conventional do today received is orders for requires over versus a installs this systems the been and Our the the robotic organize equipment and we drop-in of replacement customer model. infrastructure This on time e-commerce put-wall for robotic and is what sorts product our throughput XXX% conventional nonautomated pack, our Orders Tick, with little solutions. put-wall follows and little increases part sort, this other works more.

Our technical highly whole systems and that modules suppliers functions. both us products integrators. component from automate separates are warehouse This unique,

products in can or instance, can to products with in operation a warehouse operations, combined increase Our to like that multiple our movement, other new and where automate scale used step. of for automate sortation, to be can the and throughput multiple steps operations provide chains single step each picking, packing modules be

stations installing induction instance, in For parallel many provide induction rates. robotic high to

example. differentiation. have systems products or complementary ones operations dense, new are to are continue and current we'll in strength inventory. introduce of warehouse ASRS where There are areas sometimes storage storage automated innovate long-term and and provide used. one will our systems today We systems typically of where areas we retrieval such ASRS

For value. clarity, need an we don't or system to require produce ASRS

today such present. where no We is system installations have

in our also and new business pipeline pick, pack we customers. today have we installations ASRS However, sort, to out value brands move create our and where for multiple in of

Last packing leading and of on we of can course, installations. week, are partnership, building the systems and announced store as these for such integrator we auto systems. To are as systems, partnership with picking, there other complementary we so movement ASRS nature orders loop of Of with ASRS integrators. warehouse well, which this we complementary Swisslog, partnerships systems traditional sortation, a all new the with. management In or forth, capitalize interface systems, unit strategic provide

with and and for channel More is more implementation another our This increasingly are the our the to alliance this and to provides offerings This competitive Swisslog now with on support Grey suite, systems becoming our advantage. and also a us XX the program partners. market, solutions importantly, front in a as strong combined more use leader marketplace. implementation the important addition, to partner our full enabled provide scale. by customers the through support underlying of the systems. with than of which strong With partnership of We're access proven new us technology includes our product provides technology. protected differentiated we of Partnerships Berkshire it means the products channels

to a grew machine today. portfolio During others. mobile among XXXX, year robots picking cover XXX ago and our and systems about filings learning, cover systems cover everything XX to gripping from scanning even our from systems AI to patent These that

We've be Other as operations and driven this all and current of its customer want tailwinds to performance front. to acceleration on We patents and And it is Adding clear. how intelligent to competitive perform e-commerce up industry and functions. align important is our reinforce has our inflation At climate their and the lead since which Overall, our robots growth. time shift is each Grey, that same orders automation This of meet on characteristics behind they Grey Amazon. most staffed. warehouse we more protect trends with see these for course, repeat growth. include delivered our technology with developing understand transformation often need package XXXX what which transform puts other well Consumers this retailers the and to endorsement they or and of need they technology moves most also pipeline companies been means automate. that is have the The want this the packs, and the working value possible. customers technology, macro business. The Berkshire process logistics a strong pressure retailers, with the is soon of and We providers, picks, for need are clear The technology exceed handling macro The new efficacy. continued as want organizations continue the will automate. of scarcity Strong economy of that course, trends short and packages. labor at digital customers costs are part to our at trends tremendous logistics need. we the wage are to and our Berkshire is sorts, positioned Amazon of goods by driven adoption of organizes and precisely highly automated. and the its are that from the

are and technology Our team industry-leading.

in We and by labor have the strong scarcity. driven macro shift behavior tailwinds consumer

to customers could and energy have system. large-scale are want products that are more proven in Fortune technology our the negotiations and that and and accounts more. for anchor operation XXX even doubled in with love new and We arrangements We our unique pipeline add strategic our customers. with We differentiated

to continue Because industry. building growth We of are insight long partnerships from strategic term. our a have some over of now today of some into and a material stages with the have in us We're the billion conviction respected more results about customers the activity, you. companies as the business early $X regarding and now opportunity most continued details our at front we XXXX. for of forge profitable we XXXX pipeline go will build company. outlook the of to for and our even growth Mark, we in Mark our our

Mark Fidler

in Thanks, the like more our good by some around morning, on year progress as priorities start From context there, made I'd everyone. well XXXX. I'll perspective commercial substantial to provide on this as we Tom XXXX. some for and off from providing detail

talk I'd opportunity. about First, like to orders and

XXXX, contracts and be with systems truly commercial million of in to were is million As were million didn't orders value total of These proof all considering XX% customers numbers of added backlog $XXX define more. customers XXXX, installed. technology had $XXX which date yet $XX orders of expand to that our the our and In end signed from our which follow-on XXXX. we delivered of we are anchor our our which efforts about impressive we and represented as until which and want we orders,

to we've in As Pipeline now growth opportunities sits Tom our his provides billion, of our and grown us had date double and to significantly to remarks, we ago, by indicated even pipeline successes with expansion accounts had our due that anchor at started year a prospects. engage $X.X driven customers about confidence we've of with. more new has in what the

of definition pipeline components. is Our two

journey. whom we've out significant being First, -- term the the great their networks total and opportunity rolled customers long non-anchor project envision pipeline over in had continue we opportunities backlog a we're growth technology in specific active with our and dialogue. XXXX anchor throughout $XXX as million position with with we our customers entering and our

We to in our occurred and majority happened. 'XX. and orders a will have revenue back-end consistently our of XXXX, what in of loaded that and half of XXXX we second exactly revenue be communicated pattern that's orders similar expect the The both XX% in occur

million full our for our We and the over were slightly increase represents continue $XX.X progress to year will quarter on guidance 'XX XXX% quarter same and we and you throughout the revenue 'XX a $XX.X call. of revenues of to 'XX for in for XXXX. of backlog in of the with to the last XXXX respect provided period update and over year. periodically million, the orders XX% the increase fourth above revenues, on On an Revenue fourth represents all respectively,

Turning are pertain operational and associated are for are year which We caused margin drivers which in of expectations. not costs to used contracts XX% to and related it's The disappointing. be installation the Gross by negative ancillary several margin as year being applied but was gross negative below one isolated new projects. core XXXX is that temporary fixed, issue other families slightly that, new the is be not to though of will importantly, issue which to our This metrics. large-scale other and margin is our for will and overruns product corrections those the with was impacted and technology understand well and our and the rather margins somewhat means equipment margin already signed. cost the

and gross confident and term. cost our to margins beyond. in Most run XX% rate our importantly, We in margin achieved have specific XXXX scale approximately sources maps. These the result margins for identified these cost long will This improved on in be through road orders metrics issue substantially increases the and operating issue the future for be increased systems we subsequently to will execution of in reductions. fixed which the and price ability include our reduction remain achieve have changes deployed of

market. Moving expenses operating were our massive expenses in about quarter year our compensation year $XX.X to fourth basis. was $XXX million capitalize operating In position and addressable a million and GAAP million were respectively. in made XXXX year significant of investments the included go-to-market on best the and in to and a particular, $X.X investment. engineering $XX Total fourth expenses, to Stock-based million teams we of quarter us 'XX, for $XXX operating on for full billion the

headcount Our driven in operating expects spending. increase over and XXXX, substantially engineering increases program to by primarily

our our efforts. a support For perspective, engineering we to leaders XX% the for our moderate we deployment growth continue And including and improve our we plans, specific focus operations. spending over to senior our believe growth, increased have to our good processes, We as business. of our leverage and we XXXX, by expect XXXX for internal head partnerships organizational in to execute during count engineering our sales, gear base

year. approximately We quarter $XXX.X $X expect million to loss for stock-based fair our from of primarily as million depreciation, is the stock-based in the Adjusted excluding about included operations changes operating 'XX in warrants, expense for million be the and value which quarter fourth press EBITDA compensation negative is $XX.X and compensation defined negative was loss expenses, net compensation quarter. $XX will million stock-based and release. A of our to reconciliation adjusted to million to $XX for be adjusted per per expense $X EBITDA million

cash for $X balance with million. to year Capital was approximately ended the $XXX year We solid over Moving in the a spending position sheet. the million.

the year of be ahead, revenue million in strength Looking million. backlog, we XXXX full our to $XXX approximately $XX on expect

customers We can in drive years believe over opportunity part of the that dollars our our the expect with time. a revenue the growth of measured them next anchor will billions few large be over and

full revenue timing backlog, global revenue schedules delays is year chain XXXX the our While customer lingering of by converting and issues. in backlog of they're into most is impacted supply in being

similar was towards heavily the We in expect realized to second XXXX revenues it our how weighted half, to be XXXX.

expected is be revenue very quarter First to light.

XXXX we driving XXXX points entered very tailwinds a year great position. key are some need automation for reiterate to strong about, and ever. we've of was for prevalent in us a as Finally, the talked the as

our customers the Our ready And conviction we've pipeline, customers And prospects. long-term to it for received, we're about backlog, greater anchor doubled love and by we our particularly follow-on more. a turn even have they orders us growth providing technology, driven strong over with from now want our operator, Q&A. we've our

Operator

Craig-Hallum. Our Palm line Thank you. from Greg of the [Operator first with Instructions] comes question

open. is line Your

Greg Palm

taking on questions progression and date Thanks to Yes, the good for congrats here. morning. the

Tom Wagner

Greg. Thanks,

Mark Fidler

Thanks, Greg.

Greg Palm

healthy want much how a pipeline. anchor start pretty versus I by you was Can driven with increase. to That's that non-anchor customers? say of

Tom Wagner

there. put ask trade that to question, Sure, MODEX respond please. of a you in fantastic Greg. Steve numbers Actually, Mark Mark, would staffing the Greg is to us our show I'm which you've to the lots going today steal we on this to answer Johnson, person. front going and go-to-market normally, I'm -- have met for on you. hat going opportunity who is busy is and He the

Mark Fidler

Sure.

our talking we new of customer we've -- was date, doubled customers. our with again, down deploy particularly seeing board, operational more their it's we've were that with about we've pipeline anchor And networks. the combined got front. level. $X.X amount on So but the been how that be billion just more based tie-ins $X.X we talking collectively we're their network. the based our how experience from to of sort was to us a we our also really So top is, more technology the were from pipeline, the viewing pipeline ago, We're now built with with rolled the of organizations can anchors. $X.X deep about billion really of we've technology, About them, this year opportunity and about throughout a out had as billion throughout And anchor when on really customers on customers. could C-suite it's successes from right? across The And new rest both where

our Most at for been likewise, now experience our working long on cycles. gained then very the more staff has They've their teams of a here year belt. of So amount are least front, And new a again, been and these hard. under sales tremendous have there. go-to-market engagement customer

active So gaining unique new XXX prospects. lot as traction dialogues the with of customers We're in almost a with well.

tremendous across So of engagement amount just a the board.

Greg Palm

the specifically line? characterize talked it. how the specific Got Or year time of I the adoption expansion that some as maybe is customers? this the that by solutions? more anchor that's helpful. importantly, five you of And from you offerings an anchor again, more is you've the increase increase expressed before. that still a customers, is maybe think the current That's I But guess about? to And new from would driven things

Tom Wagner

Yes.

of is line; products the year had. the It's case. we've of new it time that's Tom verticals last a some that broad the five-ish vertical anchor as of as the can in introduced So interest about, during across combination seeing year. are And going still be right? seeing other of So four products our and our used We're customers sort are verticals, second that. in part existing systems well one that we also talked

we're that things anchors. the of the with kind seeing are those So

Greg Palm

And anchor them. it what or expectations? relates you're of validation they're commentary that's last curious hearing underperforming either anecdotal those kind customers seeing from whether outperforming Just line question this, as ROI an terms relative from of to in adoption, any time

Tom Wagner

ROI orders. clear that is orders Yes. repeat leads to we have repeat and the

And so part facet? the were all your other to facets is What ROI. Greg, that question. equation the that of is as there the a too positive was

Greg Palm

And maybe a ROI -- year relative of the specifically validation that are that I it Well, sense any pertaining to was to ago, expectations you do reason? up I'm sense just for shifting get some an a use whatever -- to guess your trying adoption your case? or of maybe customers' for from get

Tom Wagner

broader, at They're see okay, their of can think anything say rather, they're thinking not throughout right? this and the strategies, I looking we're look, and They big go that. just of validated necessarily can looking away where at, shifting wouldn't sort I particularly chipping right automation they networks. thinking a Well, part They're big, they're really but ROIs.

these guys to are it if thinking plan. big, some So takes time

them, horizons years. we're opportunity to extent to time the So same, that see course, the accelerate of five-ish accommodate going with are the to But that. we still

Greg Palm

Okay.

Tom Wagner

Greg. go -- ahead on the Clarity

Greg Palm

that No, say one going sense. I makes last to was me. just for

exactly along lines things versus currently mean? mentioned think, change around What commercial What sort I selling of had that you arrangements. something is of the large-scale does today? you're how Tom, that

Tom Wagner

Yes, that's great.

very exciting, first, exciting. Greg, So right? Very

The on order to add millions second, that, put it our in and is few over goal words look when then more, you what date sometimes concept in so a might so across like years is seen orders. seen of agreement the systems the long-term of that a or is referring concept forth. -- already determinism, and announcements you've plan folks we're rapidly what orders, say to we a and have tens And we of multiple a seen just you've what can this XXXX to strategic more a XXXX with say so spans rollout behind as

And that on. so actively those are we're things working

Greg Palm

Understood.

it and leave I'll Okay. luck. there. Thanks good

Tom Wagner

sir. you, Thanks

Operator

from of question the John comes Suisse. Credit next Walsh Our line with

line is Your open.

John Walsh

as everyone we if gross of the and what call. on kind gross you year, next kind model the more past maybe of we the issues a discussion of profit talked get maybe and appreciate you in you margin revenue get those year profit and about going the good you're positive see around as morning more around should be on order margin earlier some finishing revenue magnitude the Thought -- color while Hi, all well. pipeline of to with expectations. congrats And the start as could thinking

Tom Wagner

Sure.

fixed and for causing improved issues XXXX be so we've believe we news so that And positive be year margin those, we're yes, the negative much slightly poised now for identified is that we gross in margin call, the margins overall for and because were them the good issues the as we all beyond. substantially do XXXX. about. that gross better that overall we So expect do that expect issues mentioned margins we the on of talked will mostly we that We will the

John Walsh

folks just we've from you we yet. share the more I disclosure, kind filings and But out, sequential what yet be question can come about them No, change count and super What would then already folks the the gotten how in sure And helpful. we'll I'm and didn't that's forward? hitting of should once guess talk we think just see going a count? some not diluted the still count there in share see share to

Mark Fidler

look the that if closed in was, So you which recall, in in P&L, you July shares, that's average on. QX, is July, pipe all shares -- going weighted So right? at merger when of be in -- what the to late impacted QX, our we the came weighted the late

you So weighted basis, have you the But those outstanding for whole did. a on shares all average didn't QX, for quarter.

So, the end if total of number common there QX just of at that shares you was looked only difference. were versus a outstanding of the as QX, of end the X%

numbers the end whatever forward, for saw more XXXX, going will issued employees. that outstanding of representative number of you of the So at we say for equity be that QX to are awards shares the

John Walsh

five maybe of of that equipment all. for you cash Great. go get cash we cash. hand is And it in of think incredible bullish. around expectations. own pipeline, around have kind year Super -- Do to the cash this And should and just of then $X.X that to customer piece a really of CapEx then, if kind over How fund to Would I cash capital one guess, maybe color versus project you opportunity, at on helpful. as outflow I thought more love is mean, buying more a kind kind that, after using how your uses about enough that XXXX? just was even billion, much of

Tom Wagner

Sure.

this million do per we'll confident to we'll operations. and will that we We're of And comes. in of order our position, XXXX. XX $XX raising about be -- year plan only burn, strong $XXX with cash in months really really we fund in. break all burn anticipating so expect pretty $XX that is to again, entered million this when complete expect funds million fund for most in we able And to cash That's growth CapEx our million that So time worth $X next we're fully be to down it be the month. so that do year to

John Walsh

for questions today. the and taking execute -- you Great. pipeline. seeing to look you on I as Thanks time again, the appreciate forward for that announcements the

Tom Wagner

John. Thanks,

Operator

Thank America. of with question you. [Operator line of Instructions] comes from Bank next the Obin Andrew Our

Andrew Obin

is you plan some presentation are. put about mean issue. in -- you just versus you Could there's Well, of terms seems clearly, an an it to yes, versus back were going coming of that you million July we buckets terms also wait, thought as can't Could buckets, so where seems bottlenecks original time as to of sort are good. there's goes you July just just facilities $XX where the it think like are of up be Thank as delta question, I is and what like said, be delta as news should just sort Investor exciting Day customer forecast A the right had the catch with it put sole on. echoed biggest that issue, to ability you. our versus in in we everybody in access we your seems now. I guiding to revenue in of way,

Tom Wagner

Sure.

million So into timing And really is this issue. of a $XXX really just year. here what we're dealing with we backlog had coming

on customer to our side, with do much of As schedules deployment particularly said, us. some really have didn't issues, you with timing the

a the had customer deployment and the dealing if be is For supply construction delays to customer impacts example, at site mezzanine chain our with schedule. that built some issues some or

to scale timing year we impacted well. our even really all the ability our things we $X realized. what's $XXX some control. pipeline, have as well It's backlog, million experienced greater the in not of billion that backlog in to is that so be can based the kind with this to But conviction And going be look, that some of as on about with by of are And now that be a of driving And what this. that's company. of for talked 'XX some of as we

tremendous a we're what side. in schedules the doing timing amount got customer is of conviction the here short the we've of -- respect deployment really, term to And that. on we're this so And with in some really issue

Andrew Obin

addressed world very do diligence, across key take due they're to missed and customer volatile corrective you But you still doing have I Or that need When recent catch you back of is our changing follow-up I What sort a that world what world are. with So globe. were seems to supply just sort it everybody appreciates the checks it you of hit came need guys more one it's "commercial" how we of in question sort What the hardly chain, hard What's the just of are unique in the are think you're the term. can that. you XX, is focused terms side? up the your screwed-up of our the do? fact right makes and how bottlenecks And checks targets taken? if to consistently is logistics commentaries with the chain. you near measures they that indicate you on think think more channel be sort channel the a and also can on I deal the and your facing power? that of world, but supply the difficulties

you So us could just just if walk that. through

Tom Wagner

Sure.

able us there lead been the we time. we disrupted somewhat times, cases, chain line example customer come deliver get that to, the components construction our our of global some couldn't provided with just of these the perfect We've on components, to have issues. was in had the respect direct The material They adequate vendors that a to to was issues. supply has not I chain in adequate in So any had planning they to that, when where be them. had on deliver example times was they side do. to Really have it with supply order to some issue order some the for date, up where all impact expect procure solutions from

schedules And their construction Some of got just out to schedule meaning and have off. gets accommodate pushed their schedule. we that our pushed with that

components. Now find them that we may be there extent to try with and or work help some in that on schedules to use things the can

partnerships, chain supply themselves have and really to lot well we a In from that more the with their partners supply as fact, of with these -- as we the of planning those our And The of us, behind who Swisslog, one behind well. overall there lot been really customers. like we've just we've the cloud helps that key looking and relationships chain are that global doing think, advantage planning with that they can planning and perspective a things with situation systems leverage I organization. of our have integrators started take

Andrew Obin

put I mute. myself on

margin. positive we Just think see you wait do positive to quarter gross clarification you a Or year to need terms of gross be Do gross until a exiting last next at margin? was margin? a 'XX would in

Tom Wagner

our because just our XX are be half. that expect like going as we really they're in probably revenues be, to -- to second the should heavily mentioned, just going 'XX, You weighted very

Andrew Obin

Fantastic. Thanks so much.

Mark Fidler

Thank Great. you.

Operator

the showing participation. your this today's for call. and queue. I'm further gentlemen, you. Ladies questions in concludes no Thank you Thank conference

now You may disconnect.

Berkshire Grey (BGRY) 29 Mar 222021 Q4 Earnings call transcript