RE2

Skyhigh Security Introduces First AI-Powered DLP Assistant: Regular Expression Generator for Instant Data Classifiers

Retrieved on: 
Wednesday, January 17, 2024

Skyhigh Security today announced a first-to-market AI-driven DLP Assistant as an advanced DLP capability within its Security Service Edge (SSE) portfolio.

Key Points: 
  • Skyhigh Security today announced a first-to-market AI-driven DLP Assistant as an advanced DLP capability within its Security Service Edge (SSE) portfolio.
  • The AI-based Assistant can help simplify many complex tasks in DLP with the ability to generate complex regular expressions.
  • Recognizing GenAI as an emerging technology, Skyhigh Security is dedicated to assisting customers in embracing GenAI while safeguarding business-critical data.
  • Skyhigh Security’s dedication to innovation remains unwavering, with plans to develop a multitude of cutting-edge capabilities in the near future.

Sarcos Technology and Robotics Corporation Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.

Key Points: 
  • SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.
  • We believe we have sufficient liquidity to operate into 2025 without additional financing.”
    Second quarter 2023 total revenue was $1.3 million, compared to $3.0 million during the second quarter of 2022.
  • Total operating expenses for the second quarter of 2023 were $31.2 million, compared to operating expenses of $32.0 million during the second quarter of 2022.
  • Second quarter 2023 gross margin was 26%, compared to negative 4% in the second quarter of 2022.

Sarcos Technology and Robotics Corporation Announces First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023

SALT LAKE CITY, May 10, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended March 31, 2023.

Key Points: 
  • SALT LAKE CITY, May 10, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended March 31, 2023.
  • Total operating expenses for the first quarter of 2023 were $25.5 million, compared to operating expenses of $26.4 million during the first quarter of 2022.
  • Sarcos believes that its second quarter 2023 total revenue will be approximately $2.1 million, of which approximately $400,000 will be revenue from Product sales.
  • The Company estimates cash used in operating activities to average approximately $5 million per month during the second quarter of 2023.

Sarcos Technology and Robotics Corporation Announces Fourth Quarter and Full-year 2022 Financial Results

Retrieved on: 
Thursday, March 16, 2023

SALT LAKE CITY, March 16, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems and solutions that redefine human possibilities, today announced financial results for the fourth quarter and full year 2022 ended December 31, 2022.

Key Points: 
  • SALT LAKE CITY, March 16, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems and solutions that redefine human possibilities, today announced financial results for the fourth quarter and full year 2022 ended December 31, 2022.
  • The discussion of the results of operations for the full year 2022 includes the financial results of RE2 for the period after the closing of the acquisition on April 25, 2022.
  • Fourth quarter 2022 total revenue was $6.1 million, compared to $1.0 million during the fourth quarter of 2021.
  • Total operating expenses for the fourth quarter were $101.3 million, an increase from the fourth quarter 2021 operating expenses of $28.6 million.

Sarcos Commercializing and Expanding its Line of Teleoperated Robotics and Software Solutions

Retrieved on: 
Thursday, February 23, 2023

Sarcos is now commercializing its Guardian XT system, Guardian XM system (previously named the Sapien 6M), and Guardian Sea Class system (previously named the Sapien Sea Class).

Key Points: 
  • Sarcos is now commercializing its Guardian XT system, Guardian XM system (previously named the Sapien 6M), and Guardian Sea Class system (previously named the Sapien Sea Class).
  • “Sarcos is a pioneer in robotics and has helped shape the industry since its founding in 1983,” said Kiva Allgood, President and CEO, Sarcos.
  • Now it’s time to leverage our $375 million R&D investment and commercialize our teleoperated robotic systems and semi-autonomous solutions for which our customer pipeline is ready.
  • In addition, Sarcos intends to offer its software solutions separately for sale or license.

Sarcos Announces Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 8, 2022

SALT LAKE CITY, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems that redefine human possibilities, today announced financial results for the quarter ended September 30, 2022.

Key Points: 
  • The discussion in this press release regarding Sarcos results of operations for the three months ended September 30, 2022, includes the financial results of RE2.
  • The discussion of the results of operations for the nine months ended September 30, 2022, includes the financial results of RE2 for the period after the closing of the acquisition on April 25, 2022.
  • As previously disclosed, Sarcos monthly cash used in operating activities during the fourth quarter of 2022 will be higher than previous quarters.
  • Sarcos will hold a conference call to discuss the third quarter 2022 financial results, along with managements business outlook, at 5:00 p.m.

Sarcos Technology and Robotics Corporation Announces Webcast of Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, October 25, 2022

SALT LAKE CITY, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (Sarcos) (NASDAQ: STRC and STRCW) will webcast a live audio feed of its third quarter 2022 financial results conference call with financial analysts on Tuesday, November 8, 2022, at 5.00 p.m.

Key Points: 
  • SALT LAKE CITY, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (Sarcos) (NASDAQ: STRC and STRCW) will webcast a live audio feed of its third quarter 2022 financial results conference call with financial analysts on Tuesday, November 8, 2022, at 5.00 p.m.
  • An archive of the call will be available beginning on November 8, 2022, at investor.sarcos.com through December 8, 2022.
  • These forward-looking statements are based on Sarcos managements current expectations and beliefs, as well as a number of assumptions concerning future events.
  • The documents filed by Sarcos with the SEC may be obtained free of charge at the SECs website at www.sec.gov.

Sarcos Technology and Robotics Corporation Announces Second Quarter 2022 Financial Results

Retrieved on: 
Tuesday, August 9, 2022

SALT LAKE CITY, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the development of highly dexterous robotic systems that augment humans to enhance productivity and safety, today announced financial results for the quarter ending June 30, 2022.

Key Points: 
  • The discussion in this press release regarding Sarcos results of operations for the three months ended June 30, 2022 includes the financial results of RE2 for the period after the closing of the acquisition on April 25, 2022.
  • Second quarter total operating expenses were $32.0 million, compared to operating expenses of $8.8 million in the second quarter of 2021.
  • Including the impact of the RE2 acquisition, Sarcos believes that its total revenue for 2022 will be between $15 million - $17 million in 2022.
  • Sarcos will hold a conference call to discuss the second quarter 2022 financial results, along with managements business outlook, at 5:00 p.m.

Sarcos Subsidiary RE2, LLC Achieves Technical Milestone with Dexterous Underwater Robotic Gripper for U.S. Navy

Retrieved on: 
Tuesday, June 28, 2022

STARFISH is an advanced gripper EOAT with tactile feedback that is being developed for mine countermeasures and explosive ordnance disposal (EOD) for the U.S. Navy.

Key Points: 
  • STARFISH is an advanced gripper EOAT with tactile feedback that is being developed for mine countermeasures and explosive ordnance disposal (EOD) for the U.S. Navy.
  • With this technical milestone, the company has successfully assembled and lab-tested a complete STARFISH gripper capable of grasping and holding a variety of different objects.
  • When visual feedback is limited, complementary senses such as touch play a critical role in completing dexterous tasks, explains Santos.
  • The documents filed by Sarcos with the SEC may be obtained free of charge at the SECs website at www.sec.gov .

Sarcos Technology and Robotics Corporation Announces First Quarter 2022 Financial Results

Retrieved on: 
Wednesday, May 11, 2022

SALT LAKE CITY, May 11, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the development of highly dexterous robotic systems that augment humans to enhance productivity and safety, today announced financial results for the quarter ending March 31, 2022.

Key Points: 
  • SALT LAKE CITY, May 11, 2022 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (Sarcos) (NASDAQ: STRC and STRCW), a leader in the development of highly dexterous robotic systems that augment humans to enhance productivity and safety, today announced financial results for the quarter ending March 31, 2022.
  • Total operating expenses for the first quarter were $26.4 million, compared to first quarter 2021 operating expenses of $7.0 million.
  • The discussion in this press release regarding Sarcos results of operation for the three months ended March 31, 2022, does not include the financial results of RE2, as Sarcos had not acquired RE2 as of March 31, 2022.
  • Sarcos will hold a conference call to discuss the first quarter 2022 financial results, along with managements business outlook, at 5:00 p.m.