Rubicon Technologies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 07, 2024 at 04:11 pm
Share
Rubicon Technologies, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 697.58 million compared to USD 675.39 million a year ago. Net loss was USD 56.94 million compared to USD 30.15 million a year ago.
Basic loss per share from continuing operations was USD 2.5 compared to USD 4.84 a year ago.
Rubicon Technologies, Inc. builds artificial intelligence (AI)-enabled technology products and provides sustainability solutions to waste generators, fleet operators, and material processors to help them understand, manage, and reduce waste. The Company is a provider of cloud-based waste and recycling solutions for businesses, governments, and organizations worldwide. The Company provides its waste generator customers with a platform that delivers transparency, self-service capabilities, and customer experiences. Its programs span cardboard (OCC), plastic, paper, metal, glass, pallets, electronics recycling, construction, and demolition (C&D), organics recycling (including food waste and composting services), grease and oil recycling, and single-stream recycling (SSR), among other adjacent services. The Company also offers various solutions for haulers and recyclers, which include RUBICONPro App, RUBICONPro Pod, and RUBICONSelect.