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Yahoo
3 days ago
- Automotive
- Yahoo
An $860 Billion Opportunity: Is Serve Robotics Stock a Buy Based on This Forecast by Cathie Wood's Ark Invest?
Key Points Cathie Wood's Ark Invest exchange-traded funds hold stakes in some of the world's most innovative technology companies. Ark recently issued a forecast suggesting the logistics industry will be shaken up by autonomous vehicles, creating an $860 billion opportunity. Serve Robotics is an early leader in the autonomous delivery robot niche, and it already has a big deal with Uber Eats. 10 stocks we like better than Serve Robotics › Cathie Wood is one of the most vocal bulls on Wall Street when it comes to innovative technologies like artificial intelligence (AI), robotics, and autonomous vehicles. Her firm, Ark Invest, runs a set of exchange-traded funds (ETFs) that invest in companies operating in those industries. Earlier this year, Ark released the 2025 edition of its annual "Big Ideas" report, which featured updated forecasts for many of its favorite investing themes. In its look at the future of the logistics industry, the firm predicted there could be a whopping $860 billion revenue opportunity by 2030 for autonomous delivery robots, drones, and even trucks. Serve Robotics (NASDAQ: SERV) is a small-cap company worth just $600 million, but it's trying to transform last-mile logistics with its autonomous food delivery robots. It has a major contract with Uber Technologies to launch 2,000 robots this year, but that might be the tip of the iceberg if Ark's forecasts prove close to accurate. Is the stock a buy right now? Breaking down the opportunity Ark's $860 billion forecast is divided into three parts: $160 billion for food delivery, $280 billion for parcel delivery, and $420 billion for larger freight that would be delivered by autonomous trucks. Serve started with food delivery robots that navigate on sidewalks autonomously, but the company is moving into drones and other last-mile solutions that could eventually expand its reach into parcels. Serve's latest Gen3 robots run on Nvidia's Jetson Orin platform, which provides the computing power they need to operate autonomously. Those Gen3 robots operate with level 4 autonomy, meaning they can safely travel on sidewalks within designated areas without any human intervention. To capture the forecast $160 billion opportunity in autonomous food delivery by 2030 could require millions of robots operating all over the world. The 2,000 new Gen3 models that Serve will deploy this year under its deal with Uber Eats will help validate its business model and pave the way for a larger rollout. Around 250 hit the streets during the first quarter of 2025, with 700 more expected to be in use by the end of the third quarter, and the remainder coming online before the end of the year. The new robots enabled Serve to expand its service into Miami and Dallas earlier this year. In June, the company also started operating in Atlanta. Serve's revenue could soar, but it's losing truckloads of money Serve's revenue stream is quite lumpy right now, which is typical for a company in the scale-up phase. In the first quarter, revenue plunged by 53% year over year to $440,465. However, that decline was entirely due to the fact that the comparison was being made against a year-ago period during which its revenue was inflated by a one-off licensing payment of $850,000 from its manufacturing partner, Magna International. Moreover, Serve's first-quarter revenue was up by a whopping 150% from its result three months earlier (which wasn't distorted by unusual payments). This suggests there is some genuine momentum building in its delivery business. In fact, Wall Street's consensus estimate (provided by Yahoo! Finance) suggests Serve's 2025 revenue could come in at $6.8 million, which would be a 275% jump compared to 2024. Then in 2026, analysts believe Serve's revenue will surge by another 648% to $50.6 million as more of its robots go into service. But there's a glaring problem: Scaling an autonomous robotics business isn't cheap. Serve lost $13.2 million during the first quarter of 2025 alone, putting the company on track to exceed its 2024 net loss of $39.2 million by a wide margin. Even if Serve does deliver $6.8 million in revenue this year, that won't be anywhere near enough to offset the amount it's spending on line items like research and development. The company has around $197 million in cash on its balance sheet, so it can afford to lose money at its current pace for at least a couple more years, but it will have to chart a path to profitability soon. If it doesn't, it might need to raise capital again, which would dilute existing investors and dent their potential returns. Serve stock isn't cheap, but should investors buy it anyway? Serve stock trades at a sky-high price-to-sales (P/S) ratio of 368 as of July 15, which makes it a staggering 13 times more expensive by that metric than Nvidia. I'm going to be completely frank: Serve stock doesn't deserve to be trading at such a hefty premium, so it's difficult to make the case for buying it right now. However, the stock looks a little more reasonable if we value it based on its expected future revenue. If we assume the company will bring in $6.8 million this year as Wall Street expects, that gives the stock a forward P/S ratio of 89.6 -- still expensive, but a little less ludicrous. If we base its valuation on Wall Street's 2026 revenue forecast of $50.6 million, that places its stock at a 1-year forward P/S ratio of 12, which might even be considered cheap for a company growing this quickly. But it's impossible to know whether Serve can deliver as much revenue over the next couple of years as Wall Street expects. Therefore, short- to medium-term investors should probably proceed with caution. However, if Ark's 2030 forecasts for the autonomous logistics industry prove accurate, then investors who are willing to buy Serve stock today and hold onto it for at least the next five years or so could do well, despite its eye-watering valuation right now. Should you invest $1,000 in Serve Robotics right now? Before you buy stock in Serve Robotics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Serve Robotics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Serve Robotics, and Uber Technologies. The Motley Fool recommends Magna International. The Motley Fool has a disclosure policy. An $860 Billion Opportunity: Is Serve Robotics Stock a Buy Based on This Forecast by Cathie Wood's Ark Invest? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
From Airfield to Battlefield and Beyond: Cvi Launches the MNG-4 NitroGen RS, Mobile Nitrogen Generator
BEND, Ore., June 17, 2025 /PRNewswire/ -- Cv International Introducing the MNG-4 NitroGen RS (Rapid Serve), a next-generation mobile nitrogen system built for mobility, durability and speed. With rapid-fill capability from 13 -15 SCFM and up to 5000 PSI, the Rapid Serve system delivers high-purity nitrogen exactly when and where it's needed, cutting downtime and boosting mission readiness. Whether you're servicing aircraft struts, filling cylinders, or purging systems, the MNG-4's high-output generation and on-the-spot delivery redefine what fast, efficient nitrogen service looks like in the field. The MNG-4 NitroGen RS features a hybrid power supply capable of running on 480V at 60Hz, 400V at 50Hz, or Final Tier 4 diesel, making it adaptable across global power standards and remote deployments. Its multi-fuel capability, supported by national security exemptions, ensures mission continuity wherever it's deployed. For added versatility, the MNG-4 also offers an option to integrate with the NBSS-3 Nitrogen Backpack System, providing both high and low pressure nitrogen delivery in a compact, portable format ideal for field operations. "The MNG-4 was shaped by the real-world demands of field operators and mission planners," said Tim Kemper, Director of Engineering at Cv International. "It's built to perform where others can't, delivering high-purity nitrogen with absolute reliability in extreme temperatures, rugged terrain, and at altitude." MNG-4 NitroGen RS Key Performance Features Delivers 13–15 SCFM at 0–600 PSI and 0–5000 PSI 99.5% purity compliant with A-A-5903 Type I, Class 1, Grade B 1140 cubic feet @ 5000 PSI output Operates efficiently at altitudes up to 10,000 ft and in temperatures from 0°F to 120°F Bottle Safety Fill Station and integrated tool air supply Continuous 24-hour runtime on a single fuel tank MNG-4 NitroGen RS Strategic Integration Built for seamless integration, the MNG-4 NitroGen RS works in concert with Cvi's full suite of nitrogen servicing tools, including the J-108 Nitrogen Trailer, CFK Remote Bottle Fill Stations, NDSK Nitrogen Cart, NBSS Nitrogen Backpack, and MNU Nitrogen Servicing Unit. The MNG-4 provides reliable, high-purity nitrogen for a broad range of applications, from aviation maintenance to industrial purging and inerting, making it an essential asset for critical field operations. The MNG-4 is on track to enter full production by early 2026. For more information about Cv International and its line of nitrogen related products, visit For further details or media inquiries, please contact: George DarcyChief Marketing Officergdarcy@ About Cv International:For over 40 years, Cv International has been a leader in delivering high-performance nitrogen systems, contaminated fuel detectors, cryogenic samplers, and advanced maintenance solutions for industries such as Wind Energy, Aviation, Utilities, Hydro Electric, and Oil & Gas. Headquartered in Bend, Oregon, Cv International is a Veteran-Owned Small Business (VOSB) committed to innovation and sustainability. Visit us at View original content to download multimedia: SOURCE Cv International
Yahoo
16-06-2025
- Business
- Yahoo
Serve Robotics CEO Ali Kashani Named EY Entrepreneur Of The Year® 2025 Bay Area Award Winner
SAN FRANCISCO, June 16, 2025 (GLOBE NEWSWIRE) -- Serve Robotics (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that Co-Founder and CEO Dr. Ali Kashani has been named a 2025 Entrepreneur Of The Year® Bay Area Award Winner by Ernst & Young LLP (EY US).This prestigious award, now in its 40th year, honors entrepreneurs and leaders of high-growth companies who are building and scaling successful, innovative businesses. Dr. Kashani was selected by an independent panel of judges including past winners, top CEOs and other business luminaries. Judges assessed candidates on entrepreneurial spirit, purpose-driven commitment, long-term value creation and company growth and impact. Dr. Kashani is now eligible for the Entrepreneur of the Year 2025 National Awards, to be presented at the EY Strategic Growth Forum® in November. 'I'm deeply honored to receive an award that celebrates the entrepreneurial journey,' said Dr. Kashani. 'This recognition is only possible because of the incredible team of makers and dreamers who've worked tirelessly alongside me to build Serve into the enterprise it is today.' Dr. Kashani's entrepreneurial journey began with a vision to make delivery more sustainable, economical and accessible through robotics. In 2017, he founded what would become Serve Robotics as a skunkworks robotics initiative within Postmates. Following Uber's acquisition of Postmates, Dr. Kashani led the spinout of Serve as an independent company in 2021. Under his leadership, Serve has grown from an internal startup to a publicly traded company, completing tens of thousands of commercial deliveries in major U.S. cities including Los Angeles, Miami, Dallas and Atlanta. About Serve RoboticsServe Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq: SERV), please visit or follow us on social media via X (Twitter), Instagram or LinkedIn @serverobotics. About EYEY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ContactsMediaAduke ThelwellHead of Communications & Investor Relationspress@ Investor A photo accompanying this announcement is available at in to access your portfolio
Yahoo
04-06-2025
- Business
- Yahoo
Grand Jury: City Needs to Buck Up Nonprofits and Get Out of Its Own Way to Better Help Vulnerable San Franciscans
2024–2025 San Francisco Civil Grand Jury Report calls out obstacles to effective social services grantmaking. SAN FRANCISCO, June 4, 2025 /PRNewswire/ -- San Francisco spends more than a billion dollars per year on grants to social services nonprofits. The provision of critical services with this money, such as housing, mental health treatment, childcare, and senior services, is hamstrung by weak organizational capacity and an overly complex procurement process, the San Francisco Civil Grand Jury reported today. The Jury found that nonprofit grantees often lack the skills to manage city funds effectively and that the city's lengthy, over-complicated and under-resourced procurement process further impedes service provision. Moreover, the city's monitoring programs do not lead to timely correction of mismanagement problems, aggravating inefficiency and undermining public trust. Investigation Committee Chair Nicholas Weininger said, "Social services nonprofits struggle to do their best for vulnerable San Franciscans. The city fails these nonprofits, and their own employees, by entangling them in layers of over-complicated, time-consuming bureaucracy. As a result, city residents are denied timely, effective delivery on specific promises to make the city a better, healthier place. This erodes both quality of life and trust in government." The Jury's report details the management problems commonly experienced by social services nonprofits and the inefficiencies in the city's process for awarding grants to these nonprofits. The report's recommendations include: Starting up a dedicated team to proactively help nonprofits manage themselves better. Simplifying and speeding up the granting process through comprehensive reform that eliminates unnecessary review steps and sets clear deadline goals. Investing in training and tools to help city employees make grants efficiently. Monitoring nonprofits for mismanagement risks and addressing those risks before they turn into expensive problems. Weininger added: "The Jury presents in its report clear analysis of how we got here and prudent, budget-sensitive recommendations for improvement. As it stands, inadequate risk management and byzantine processes are setting money on fire. In a time of budget austerity, the city must step up and reform, for the sake of every taxpayer and every vulnerable San Franciscan." To read the full report, Capacity to Serve–Setting Social Services Nonprofits Up for Success, please visit: About the San Francisco Civil Grand Jury The Superior Court selects 19 San Franciscans to serve year-long terms as Civil Grand Jurors. The Jury has the authority to investigate City and County government by reviewing documents and interviewing public officials and private individuals. At the end of its inquiries, the Jury issues reports of its findings and recommendations. Agencies identified in the report must respond to these findings and recommendations within either 60 or 90 days, and the Board of Supervisors conducts a public hearing on each Civil Grand Jury report after those responses are submitted. For more information, visit the San Francisco Civil Grand Jury website: View original content: SOURCE San Francisco Civil Grand Jury Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Serve Robotics to Hold Annual Meeting of Stockholders on June 12, 2025
SAN FRANCISCO, May 30, 2025 (GLOBE NEWSWIRE) -- Serve Robotics (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, will hold its Annual Meeting of Stockholders ("Annual Meeting") virtually on Thursday, June 12, 2025 at noon PDT. Stockholders of record at the close of business on April 14, 2025 will have the right to participate at the Annual Meeting. Stockholders will be able to attend the Annual Meeting, vote and submit questions during the meeting by visiting and entering the 16–digit control number included on their Notice of Internet Availability of Proxy Materials (the "Notice") or on their proxy card. The Company commenced mailing of the Notice to stockholders on April 25, 2025. The Notice contains instructions on how to access the Proxy Statement and the annual report, how to vote via the internet or by telephone, and how to receive a paper copy of our proxy materials by mail. If you wish to receive company email notifications, please register at About Serve RoboticsServe Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq:SERV), please visit or follow us on social media via X (Twitter), Instagram or LinkedIn @serverobotics. ContactsMediaAduke ThelwellHead of Communications & Investor Relationspress@ Investor in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
