Serve Robotics Inc. /DE/ financial data

Industry
Miscellaneous Transportation Equipment
Location
730 Broadway, Redwood City, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Patricia Acquisition Corp. (to 8/2/2023)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 40 % -50.6%
Debt-to-equity -79.8 % -30.5%
Return On Equity 350 % +32.5%
Return On Assets -737 % +31.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 24.8M shares +397%
Common Stock, Shares, Outstanding 24.6M shares +393%
Entity Public Float 0 USD
Common Stock, Value, Issued 2.46K USD +392%
Weighted Average Number of Shares Outstanding, Basic 24.6M shares +266%
Weighted Average Number of Shares Outstanding, Diluted 24.6M shares +266%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 947K USD +2252%
Cost of Revenue 352K USD -4.04%
Research and Development Expense 6.64M USD +219%
Selling and Marketing Expense 118K USD -57.7%
General and Administrative Expense 4.61M USD -3.83%
Operating Income (Loss) -7.71M USD -82.4%
Nonoperating Income (Expense) -1.33M USD -45.6%
Net Income (Loss) Attributable to Parent -28.7M USD -24.6%
Earnings Per Share, Basic -1.35 USD/shares +65.7%
Earnings Per Share, Diluted -1.35 USD/shares +65.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 6.76K USD -99.8%
Accounts Receivable, after Allowance for Credit Loss, Current 266K USD
Inventory, Net 737K USD
Assets, Current 3.03M USD +24428%
Property, Plant and Equipment, Net 33.8K USD
Operating Lease, Right-of-Use Asset 668K USD
Assets 4.25M USD +34253%
Accounts Payable, Current 1.73M USD +10756%
Accrued Liabilities, Current 1.15M USD
Liabilities, Current 12.8M USD +8580%
Operating Lease, Liability, Noncurrent 106K USD
Liabilities 13.1M USD +8757%
Retained Earnings (Accumulated Deficit) -153K USD -53.7%
Stockholders' Equity Attributable to Parent -8.81M USD +49.7%
Liabilities and Equity 4.25M USD +34253%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -4.08M USD -9.83%
Net Cash Provided by (Used in) Financing Activities 4.5M USD +142%
Net Cash Provided by (Used in) Investing Activities -3.34K USD
Common Stock, Shares Authorized 300M shares +500%
Common Stock, Shares, Issued 25M shares +399%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 592 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 427K USD -50.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 35.9K USD -11.7%
Deferred Tax Assets, Valuation Allowance 14.4M USD +59.7%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 28.4K USD +35.2%
Operating Lease, Liability 708M USD
Depreciation 17.9K USD -96.2%
Payments to Acquire Property, Plant, and Equipment 3.34K USD
Lessee, Operating Lease, Liability, to be Paid 743M USD
Property, Plant and Equipment, Gross 2.35M USD
Operating Lease, Liability, Current 475K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 215M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 528M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 34.6M USD
Deferred Tax Assets, Operating Loss Carryforwards 11.9M USD +33.1%
Preferred Stock, Shares Issued 258K shares
Preferred Stock, Shares Authorized 10M shares 0%
Operating Lease, Payments 139K USD +2.06%
Additional Paid in Capital 68.7M USD
Deferred Tax Assets, Net of Valuation Allowance 65M USD 0%
Share-based Payment Arrangement, Expense 4.26M USD +4430%
Interest Expense 1.33M USD +3078%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%