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Serve Robotics Q2 Earnings & Revenues Increase Y/Y

Serve Robotics Inc. (NASDAQ: SERV) reported an adjusted net loss of 27 cents per share in the second quarter of 2024, narrower than a loss of 37 cents reported in the year-ago quarter. The company reported revenues of $468,375, which increased from $62,009 recorded in the year-ago quarter. Serve Robotics Inc. Price, Consensus and EPS Surprise Serve Robotics Inc. price-consensus-eps-surprise-chart | Serve Robotics Inc. Quote Quarter Details Revenues increased $0.41 million to $0.47 million for the three months ended Jun 30, 2024, compared with $0.06 million reported in the year-ago quarter. The increase is primarily due to $0.30 million in revenues generated from the company's software services contract with Magna. The company also recognized increases in delivery and branding revenues of $0.11 million to $0.17 million for the three months ended Jun 30, 2024, compared with $0.06 million ...