Associated tags: SAN, Presto, Restaurant
Locations: PRESTO, LOS ANGELES, NEW YORK, ARENA, INDIA, BANGALORE, SAN CARLOS, CA, US, SPARTA
SAN CARLOS, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced that it has been collaborating with Taco John’s® and Qu to implement a Presto Voice™ drive-thru pilot at select Taco John’s restaurants.
Key Points:
- SAN CARLOS, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced that it has been collaborating with Taco John’s® and Qu to implement a Presto Voice™ drive-thru pilot at select Taco John’s restaurants.
- Presto has seamlessly integrated its Voice AI solution with Qu’s point-of-sale and kitchen production technologies to enable automated voice orders to be quickly and accurately managed end-to-end within Taco John’s existing technology platform.
- As a result of its success, Presto and Taco John’s are rolling Presto Voice out to a second location in Taco John’s origin state, Wyoming, which is scheduled to go live before August.
- After completing the pilot phase, Taco John’s intends to roll out Presto Voice to their franchised locations this year.
Human voice,
Restaurant,
Machine learning,
SAN,
Form,
Growth,
Interim,
GAAP,
Somatosensory system,
Adjustment,
Webcast,
Sales SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024.
Key Points:
- SAN CARLOS, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced financial results for the 2024 fiscal third quarter ended March 31, 2024.
- Presto will exit this business line with the expiration of its final customer contracts at the end of June 2024.
- Presto took decisive action to focus exclusively on its leading Presto Voice AI solution for drive-thru operators by winding down the Touch pay-at-table solution.
- Presto expects total revenue for the fiscal fourth quarter of 2024 to be in the range of $1.6 million to $1.9 million.
SAN CARLOS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced the pilot program of its Presto Voice™ Spanish Voice AI ordering feature.
Key Points:
- SAN CARLOS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (“Presto” or the “Company”) (NASDAQ: PRST), one of the largest AI and automation technology providers to the restaurant industry, today announced the pilot program of its Presto Voice™ Spanish Voice AI ordering feature.
- Presto Voice’s new AI feature will allow drive-thru customers to easily place orders in Spanish with the ability to effortlessly transition between English and Spanish when necessary.
- “We understand the importance of providing a seamless and inclusive experience for all restaurant guests and are excited to enhance Presto Voice’s capabilities to address this important demographic,” said Gee Lefevre, interim CEO of Presto.
- “This development will not only enable Presto to serve more customers in the U.S. but also opens up possibilities to expand internationally.
SAN CARLOS, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced that the Company will release its fiscal third quarter 2024 financial results on Monday, May 20, 2024, after the financial markets close.
Key Points:
- SAN CARLOS, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru AI and automation technology providers to the restaurant industry, today announced that the Company will release its fiscal third quarter 2024 financial results on Monday, May 20, 2024, after the financial markets close.
- Presto management will host a conference call at 5:00 p.m. Eastern Time on Wednesday, May 22, 2024, to discuss the financial results and other business highlights.
Presto Voice with Pure AI introduces a compelling new version of Voice AI technology for restaurant operators that streamlines their operations and enhances the customer experience.
Key Points:
- Presto Voice with Pure AI introduces a compelling new version of Voice AI technology for restaurant operators that streamlines their operations and enhances the customer experience.
- Presto believes that the new Pure AI feature will allow the Voice AI system to improve more quickly while still providing the efficiency and level of accuracy its Voice AI is known for.
- Accelerated AI Training: By enabling more complete AI sessions, Presto Voice with Pure AI is expected to improve at a faster pace, leading to a more consistent ordering experience for both store staff and customers.
- Presto is in the process of conducting a live test of Presto Voice with Pure AI, and once successful, Presto plans to expand the new Voice AI technology at a shorter ramp-up period, with a number of customer locations that have already agreed.
The offering is expected to close on or about March 18, 2024, subject to the satisfaction of customary closing conditions.
Key Points:
- The offering is expected to close on or about March 18, 2024, subject to the satisfaction of customary closing conditions.
- Chardan is acting as sole placement agent for the offering.
- The gross proceeds to Presto from this offering are expected to be approximately $1.2 million, before deducting Chardan’s fees and other offering expenses payable by Presto.
- Presto intends to use the net proceeds from this offering for working capital and general corporate purposes.
SAN CARLOS, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), announces that it is canceling its earnings call previously scheduled for 5 pm ET today.
Key Points:
- SAN CARLOS, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), announces that it is canceling its earnings call previously scheduled for 5 pm ET today.
- The company’s Form 10-Q for the quarter ended December 31, 2024 was filed on February 21, 2024 and the company will communicate business updates and other developments to the market when appropriate.
SAN CARLOS, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq:PRST) (“Presto” or the “Company”), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal second quarter 2024 financial results on Tuesday, March 05, 2024.
Key Points:
- SAN CARLOS, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq:PRST) (“Presto” or the “Company”), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal second quarter 2024 financial results on Tuesday, March 05, 2024.
- Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the financial results and other business highlights.
Retrieved on:
Thursday, February 29, 2024
The offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.
Key Points:
- The offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.
- Chardan and Spartan are acting as joint placement agents for the offering.
- The gross proceeds to Presto from this offering are expected to be approximately $2.1 million, before deducting Chardan and Spartan’s fees and other offering expenses payable by Presto.
- Presto intends to use the net proceeds from this offering for working capital and general corporate purposes.
Retrieved on:
Monday, February 12, 2024
Acquisition,
XAC,
SAN,
Hearing,
Federal Court of Malaysia,
Checkers,
AI,
Note,
Sale,
SGD,
Forbearance,
Security (finance) One of the existing investors is also exchanging 3.0 million shares of the Company’s common stock which was purchased on November 21, 2023 for $3.0 million of Notes.
Key Points:
- One of the existing investors is also exchanging 3.0 million shares of the Company’s common stock which was purchased on November 21, 2023 for $3.0 million of Notes.
- “On the commercial side, our Presto AI Voice product serving the drive-thru restaurant market is enjoying significant momentum.
- Presto also announced that its Chief Executive Officer, Xavier Casanova, has resigned effective immediately, and the Company wishes him well.
- Mr. MacDonald was a founder of Ventoux Acquisition Holdings, the co-sponsor of Ventoux CCM Acquisition Corporation, the special purpose acquisition company that merged with Presto.
