Articles from Presto Automation Inc.

Mexican-inspired fast food restaurant collaborates with Presto and Qu to optimize its drive-thru operations, revenue, and guest experience

Mexican-inspired fast food restaurant collaborates with Presto and Qu to optimize its drive-thru operations, revenue, and guest experience

Successful Pilots of Presto Voice™ with Pure AI and Spanish Language Capabilities

Drive-Thru Voice AI Expands Language Capabilities to Better Serve Spanish-Speaking Customers

SAN CARLOS, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), 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.

New Pure AI feature provides drive-thru operators with a fully autonomous Voice AI ordering experience for customers

SAN CARLOS, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQPRST), one of the largest AI and automation technology providers to the restaurant industry, announced today that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 4,800,000 shares of common stock in a registered direct offering, at a price per share of $0.25, which is above the Nasdaq Minimum Price. The offering is expected to close on or about March 18, 2024, subject to the satisfaction of customary closing conditions.

SAN CARLOS, Calif., March 05, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), 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.

SAN CARLOS, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Presto Automation, Inc. (“Presto” or the “Company”) (NASDAQPRST), one of the largest AI and automation technology providers to the restaurant industry, announced today that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 8,533,000 shares of common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.

SAN CARLOS, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq:PRST) (“Presto” or the “Company”), one of the largest AI and automation technology providers to the restaurant industry, today announced it has closed a financing led by its existing investors, including Remus Capital, a fund controlled by the Company’s Chairman, Krishna K. Gupta, and other investors, involving the sale of $6.0 million of convertible subordinated notes (the “Notes”). 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. Chardan acted as the placement agent for the offering.

SAN CARLOS, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru automation technology providers in the hospitality industry, today announced Debarag Banerjee as Head of Voice Engineering.

SAN CARLOS, Calif., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru automation technology providers in the hospitality industry, today provided additional information to investors about its projected financial results for calendar year 2024.

SAN CARLOS, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST) today announced it is escalating its activities to act on a previously reported (June 2022) favorable arbitration ruling from the Singapore International Arbitration Center related to a matter with its third-party subcontractor, XAC Taiwan, with respect to the legacy tablets used in its Touch business. Pursuant to the ruling, Presto was awarded approximately $11.1 million in damages.

SAN CARLOS, Calif., Dec. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQPRST), an enterprise-grade AI and automation solutions provider to some of the nation’s largest restaurant brands, today appointed Kat Hoffman-Flynt as Chief Operating Officer, effective immediately. Ms. Hoffman-Flynt brings more than 20 years of experience as an operational strategist, building strong customer relationships and scaling new deployments throughout her career. As Chief Operating Officer, she will be responsible for overseeing Presto’s operations, while working to ensure the company achieves its goals and delivers excellence to Presto’s customers.

SAN CARLOS, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Presto Automation (NASDAQPRST) announced it has appointed Steve Herbert as a Strategic Advisor for Presto Touch, Presto’s at-the-table self-serve payment and ordering technology business line. This appointment marks the intent to scale Presto Touch for the first time since the COVID-19 pandemic and a continued focus on maximizing value for Presto shareholders.

First Quarter Revenue in Line with Guidance

SAN CARLOS, Calif., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest AI and automation technology providers to the restaurant industry, today announced it had entered into agreements with a Remus Capital-affiliated syndicate of investors to sell 7,000,000 shares of common stock of the company in a registered offering that the company anticipates will result in gross proceeds of approximately $7.0 million. This capital comes in addition to the previously disclosed $3 million invested by Cleveland Avenue, founded by Don Thompson, the former CEO of McDonald’s Corporation, and a $3 million upsize of the company’s existing credit facility with Metropolitan Partners Group. As part of the transaction, Remus Capital has appointed two additional directors to Presto's Board of Directors. Northland Capital Markets, Chardan, and The Benchmark Company are acting as the placement agents for the offering.

SAN CARLOS, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal first quarter 2024 financial results on Monday, November 20, 2023, after the financial markets close.

SAN CARLOS, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, has signed new pilot agreements with two top major quick-service restaurant brands.

SAN CARLOS, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation’s largest restaurant brands, today promoted Justin Foster to Chief Revenue Officer, effective immediately. Mr. Foster brings 15 years of experience leading go-to-market efforts at emerging high-growth technology companies. As Chief Revenue Officer, Mr. Foster will be responsible for all facets of the company’s revenue generation, including growing Presto’s footprint in the emerging voice AI market while retaining signed clients.

SAN CARLOS, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation’s largest restaurant brands, today announced its participation at The ThinkEquity Conference in New York, New York.

SAN CARLOS, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (Nasdaq: PRST), an enterprise-grade AI and automation solutions provider to some of the nation’s largest restaurant brands, today announced:

SAN CARLOS, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal fourth quarter and full year 2023 financial results on Tuesday, October 10, 2023, after the financial markets close.

SAN CARLOS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company’s continued momentum and strengths in technology, enterprise sales, integration, and implementation.

SAN CARLOS, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today shared that following its entering into various Master Services Agreements with top QSR brands, that it has now signed agreements with 13 franchise groups that collectively own and operate more than 500 locations nationwide.

SAN CARLOS, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), the largest drive-thru automation technology provider in the hospitality industry, announced today that Xavier Casanova has been appointed as Chief Executive Officer, effective immediately. After leading the company as Interim CEO, Krishna Gupta will return to his role as Chairman of the Board of Directors.

Enhances Product Development and Engineering Capabilities with India-based Team

SAN CARLOS, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced it had entered into commitments for an approximately $10 million common equity PIPE. In parallel, Presto has negotiated certain changes to its credit facility with its lender, Metropolitan Partners Group (MetPG), including a decrease of the minimum cash covenant to $10 million effective upon the closing of the PIPE. The PIPE is expected to close on or around May 24, 2023. Chardan served as financial advisor to Presto.

Continues Momentum of Drive-Thru Voice AI Automation by Adding Hardees and Carl’s Jr. as Customers

SAN CARLOS, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced it will release its financial results for the fiscal third quarter 2023 results on Thursday, May 18, 2023 after the financial markets close versus the previously announced date of May 15, 2023 . Presto is revising the date of its earnings press release and conference call for reasons related to the time required to complete quarterly review procedures.

SAN CARLOS, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced its participation at the 18th Annual Needham Technology & Media Conference in New York City.

CKE Restaurants Holdings Inc., owner and operator of Carl's Jr. and Hardee's restaurants, are partnering with Presto Automation to expand deployment of Voice AI at participating drive-thru locations nationwide

SAN CARLOS, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal third quarter 2023 financial results on Monday, May 15, 2023 after the financial markets close.

Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that it will be presenting at the 2023 Restaurant Leadership Conference in Phoenix, Arizona this week. The conference, an annual event, is attended by senior executives from the top 1,500 leading chains in the restaurant industry.

Presto Automation Inc. (NASDAQPRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced that it will host a summit for technology companies driving the adoption of enterprise-grade generative AI, building on its collaboration with OpenAI, which was announced last month.

Presto Automation Inc. (Nasdaq: PRST), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced the promotion of Dan Mosher to president and Xavier Casanova to chief operating officer, effective immediately.

Presto Automation Inc. (Nasdaq: PRST), a provider of drive-thru automation technology in the hospitality industry, today announced its participation at the BofA Securities 2023 Consumer & Retail Conference in Miami, Florida.

Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, today announced a collaboration with OpenAI, an AI research and deployment company, to drive greater innovation around its drive-thru AI voice assistant. OpenAI’s ChatGPT API will be used to expand the feature set of the Presto’s drive-thru AI voice assistant (Presto Voice™), resulting in interactions that are more natural and human-like. This collaboration reflects Presto’s commitment to introducing the most advanced automation technologies in its industry-leading AI products.

Presto Automation (“Presto” or the “Company”) (NASDAQPRST), a provider in the labor automation technology industry, today announced financial results for the second quarter 2023 ended December 31, 2022.

Presto Automation Inc. (“Presto” or the “Company”), one of the largest labor automation technology providers in the hospitality industry, today announced that the Company will release its second quarter 2023 financial results on Tuesday, February 14, 2023 after the financial markets close.

Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, announced today that iconic drive-thru restaurant chain Checkers & Rally’s has awarded the company its Supplier of the Year Innovation Award for 2022. Presto has been recognized for successfully delivering and scaling its A.I.-powered voice assistant, Presto VoiceTM, at hundreds of Checkers & Rally’s drive-thru restaurants nationwide. Over the past year, Presto Voice has consistently demonstrated that drive-thru A.I.-driven voice automation can significantly lower labor costs while simultaneously driving up revenue.

Presto Automation Inc. (Nasdaq: PRST), the largest drive-thru automation technology provider in the hospitality industry, is announcing an expansion of its partnership with Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant, to provide automated voice ordering at several drive-thru restaurants nationwide. Its artificial intelligence (A.I.) powered solution, Presto Voice™, is already operating 24/7 at select Del Taco locations where it is significantly helping operations by improving labor productivity, increasing suggestive selling, and boosting guest and staff experience. Del Taco has 600+ locations nationwide.

Presto Automation Inc. (NASDAQPRST), the largest drive-thru automation technology provider in the hospitality industry, today announced that the Company will present at the 25th Annual ICR Conference at the Grande Lakes Orlando Resort in Florida. The presentation will begin at 11:00 AM Eastern Time on Tuesday, January 10, 2023. Investors and interested parties may listen to a live webcast of the discussion from the corporate website at www.presto.com/investor-relations under the investors section or directly through this link https://wsw.com/admin/link/presenter.aspx?438644334.

Presto Automation Inc. (Nasdaq: PRST), a leader in restaurant technology, announced today the introduction of a custom voice feature in its Presto VoiceTM drive-thru automation solution. This highly innovative feature, an industry first, takes the drive-thru experience to a new level, allowing guests to converse with celebrities, mascots, characters, or other custom voices while placing an order at the drive-thru.

Presto Automation Inc. (“Presto” or the “Company”) (NASDAQPRST), one of the largest labor automation technology providers in the hospitality industry, today announced financial results for the first quarter of fiscal 2023.

Presto Automation Inc. (Nasdaq: PRST), one of the largest labor automation technology providers in the hospitality industry, today announced that the Company will release its first quarter 2023 financial results on Tuesday, November 15, 2022 after the financial markets close.

Presto Automation Inc. (“Presto” or the “Company”), one of the largest labor automation technology providers in the hospitality industry, today announced that it completed its previously announced business combination with Ventoux CCM Acquisition Corp. (“Ventoux”), a publicly traded special purpose acquisition company, on September 21, 2022.