Agility Robotics is taking humanoid robots public in a first for Wall Street
The Oregon startup, whose humanoid robots carry heavy materials in factories and warehouses, is expected to begin trading on Nasdaq on Thursday.
TL;DR
- Agility Robotics is the first humanoid-focused company to go public in the US, trading on Nasdaq under the ticker AGLT.
- The company reported $1.8 million in revenue and a $138.1 million net loss last year, indicating the industry's early financial stage.
- Agility's valuation of $2.5 billion through a SPAC merger is lower than some privately held humanoid robotics competitors.
- The company has deployed its Digit robots in facilities for Amazon, Toyota, and GXO, with significant future orders contingent on meeting delivery targets.
- Recent US restrictions on foreign-made robots could benefit domestic manufacturers like Agility, which produces its robots in Oregon.