RUBICON TECHNOLOGIES


Associated tags: Recycling, Software, RBT, Environment, NYSE, Rubicon, Sustainability, Green Technology, Professional Services, Finance, City, Data Management, Construction & Property

Locations: NEW YORK, UNITED STATES, NORTH AMERICA, KENTUCKY, RUSSIA, UKRAINE, LOS ANGELES, EUROPE, UNITED KINGDOM, SCOTLAND, WALES, UK, ENGLAND, VA, TX, FLORIDA, MIAMI, MISSOURI, KANSAS, NEBRASKA, GEORGIA, TEXAS, NEW YORK CITY, COLORADO, PENNSYLVANIA, THE COLONY, US, OAK LEAF, CANADA

Rubicon Announces Sale of Fleet Technology Business Unit and Issuance of Preferred Equity

Retrieved on: 
Tuesday, May 7, 2024

An independent special committee of Rubicon’s Board of Directors and Rubicon’s Board of Directors have approved the transactions.

Key Points: 
  • An independent special committee of Rubicon’s Board of Directors and Rubicon’s Board of Directors have approved the transactions.
  • Importantly, it marks a return to Rubicon’s core principles, a business centered on a customer-focused approach that has been instrumental in the Company’s growth from the outset.
  • The fleet technology business unit will now operate as a private software company under a new name, which will be announced soon.
  • “We are thrilled to begin operating as an independent software company,” said Conor Riffle, Senior Vice President of Smart Cities at Rubicon.

Rubicon Launches Technical Advisory Services (TAS) Offering

Retrieved on: 
Monday, March 25, 2024

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced the official launch of its Technical Advisory Services (“TAS”) offering, empowering customers to achieve sustainability goals with tailored zero waste and circular economy solutions.

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced the official launch of its Technical Advisory Services (“TAS”) offering, empowering customers to achieve sustainability goals with tailored zero waste and circular economy solutions.
  • The TAS offering has been developed in direct response to customer demand for sustainability expertise and strategic guidance.
  • From materials management strategies to staff education and roll-out, Rubicon is leveraging data and experience to turn waste challenges into opportunities.
  • “Whether you are starting your sustainability journey or refining existing programs to be more efficient and effective, Rubicon’s Technical Advisory Services provide a foundation for success,” said Ryan Cooper, Vice President of Circular Economy Solutions at Rubicon.

Rubicon Receives Notice of Non-Compliance with NYSE Trading Share Price and Market Capitalization Listing Rules

Retrieved on: 
Friday, March 22, 2024

The Notice does not result in the immediate delisting of the Company’s Class A common stock from the NYSE.

Key Points: 
  • The Notice does not result in the immediate delisting of the Company’s Class A common stock from the NYSE.
  • The NYSE provides a period of six months (the “Share Price Cure Period”) following receipt of the Notice to regain compliance with the minimum stock price requirement for continued listing on the NYSE.
  • Rubicon can regain compliance at any time during the Share Price Cure Period if, on the last trading day of any calendar month during the Share Price Cure Period, Rubicon has: (i) a closing stock price of at least $1.00 and (ii) an average closing stock price of at least $1.00 over the 30-day trading period ending on the last trading day of that month.
  • Rubicon is currently evaluating its available options and developing a plan to regain compliance with the minimum global market capitalization requirement.

Rubicon Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today reported financial and operational results for the fourth quarter and full year of 2023.

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today reported financial and operational results for the fourth quarter and full year of 2023.
  • Adjusted Gross Profit Margin was 10.7%, an increase of 264 bps compared to 8.1% in the fourth quarter of 2022.
  • Net Loss was $(15.1) million, an improvement of $2.9 million or 16.1% compared to $(18.0) million in the fourth quarter of 2022.
  • The Rubicon Technologies, Inc. management team will host a conference call to discuss its fourth quarter and full year 2023 financial results this afternoon, Thursday, March 7, 2024, at 5:00 p.m.

Rubicon Technologies to Hold Fourth Quarter and Full Year 2023 Earnings Call on March 7

Retrieved on: 
Monday, February 26, 2024

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced that the Company will release its fourth quarter and full year 2023 financial results after market close on Thursday, March 7, 2024.

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced that the Company will release its fourth quarter and full year 2023 financial results after market close on Thursday, March 7, 2024.
  • This release will be followed by a conference call hosted by members of the Rubicon management team at 5:00 PM Eastern Time.
  • The call will also be accessible live via telephone by dialing (929) 203-2112 or toll-free (888) 660-6863 and referencing Rubicon Technologies.
  • Please log in to the webcast or dial in to the call at least 10 minutes prior to the start of the event.

Rubicon to Participate in SHARE Series Investor Event

Retrieved on: 
Thursday, February 22, 2024

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced that Tom Owston, Chief Commercial Officer at Rubicon, will present at the SHARE Series virtual investor event on Monday, February 26, 2024, at 10:00 a.m.

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced that Tom Owston, Chief Commercial Officer at Rubicon, will present at the SHARE Series virtual investor event on Monday, February 26, 2024, at 10:00 a.m.
  • This event is set in a fireside chat format and will provide access to retail investors.
  • Investors will have the opportunity to ask questions during the event.
  • An archived replay will be available on the SHARE Series website for approximately 90 days following the event.

Rubicon Announces the Launch of Trash or Treasure: Valentine’s Day

Retrieved on: 
Tuesday, January 23, 2024

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced the launch of the first Valentine’s Day campaign of its annual Trash or TreasureTM program (“Trash or Treasure”).

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of technology solutions for waste, recycling, and fleet operations, today announced the launch of the first Valentine’s Day campaign of its annual Trash or TreasureTM program (“Trash or Treasure”).
  • Now in its fifth year, Trash or Treasure helps reduce the waste that accumulates around seasonal celebrations throughout the year.
  • In a 2023 consumer survey , 57% of respondents reported that they will buy candy for their significant other for Valentine's Day.
  • “We are so excited to announce the launch of Trash or Treasure: Valentine’s Day,” said Dan Sampson, Chief Marketing and Communications Officer at Rubicon.

Rubicon Technologies, Inc. 2023 in Review: A Year of Strategic Growth, Progress Toward Profitability, and Technology Leadership

Retrieved on: 
Wednesday, December 20, 2023

In the third quarter of 2022, Rubicon outlined its strategic plan and committed to materially improving its operational performance and strengthening its financial position.

Key Points: 
  • In the third quarter of 2022, Rubicon outlined its strategic plan and committed to materially improving its operational performance and strengthening its financial position.
  • Rubicon has completed all of the highest priority tasks from its strategic plan, with certain goals achieved ahead of schedule.
  • Rubicon brought in an additional $24 million of equity financing from new and existing investors in Q2 of 2023.
  • In June 2023, Rubicon published its annual Corporate Citizenship Report which covered the calendar years 2021 and 2022.

Rubicon to Participate in Upcoming SHARE Series Investor Events

Retrieved on: 
Thursday, November 30, 2023

Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of software-based waste, recycling, and fleet operations products for businesses and governments worldwide, today announced that the Company will present at two upcoming SHARE Series investor events .

Key Points: 
  • Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading provider of software-based waste, recycling, and fleet operations products for businesses and governments worldwide, today announced that the Company will present at two upcoming SHARE Series investor events .
  • ET, and second, a hybrid SHARE/New York Stock Exchange (NYSE) in-person investor event on Friday, December 8, 2023, at 11:00 a.m.
  • Conor Riffle, Senior Vice President of Smart Cities at Rubicon, will present at the December 4 virtual event.
  • An archived replay will be available on the SHARE Series website for approximately 90 days following the event.

Rubicon Awarded 2023 AWS Rising Star Partner of the Year Award

Retrieved on: 
Tuesday, November 28, 2023

Announced during a Partner Awards Gala at AWS re:Invent 2023, the Geo and Global AWS Partner Awards recognize a wide range of AWS Partners, whose business models have embraced specialization, innovation, and cooperation over the past year.

Key Points: 
  • Announced during a Partner Awards Gala at AWS re:Invent 2023, the Geo and Global AWS Partner Awards recognize a wide range of AWS Partners, whose business models have embraced specialization, innovation, and cooperation over the past year.
  • Geo and Global AWS Partner Awards recognize partners whose business models continue to evolve and thrive on AWS as they work with customers.
  • "We are honored to receive the Rising Star Partner of the Year Award (ISV) from AWS,” said Conor Riffle, Senior Vice President of Smart Cities at Rubicon.
  • Rubicon is excited to announce it has received Rising Star Partner of the Year (ISV), recognizing the Company as an AWS Partner that has seen significant year-on-year growth in their business.