Rubicon Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 22, 2023 at 09:15 pm
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Rubicon Technologies, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 181.1 million compared to USD 159.81 million a year ago. Net loss was USD 3.13 million compared to USD 24.82 million a year ago.
Basic loss per share from continuing operations was USD 0.4.
Rubicon Technologies, Inc. builds artificial intelligence (AI)-enabled technology products and provides sustainability solutions to waste generators, fleet operators, and material processors to help them understand, manage, and reduce waste. The Company is a provider of cloud-based waste and recycling solutions for businesses, governments, and organizations worldwide. The Company provides its waste generator customers with a platform that delivers transparency, self-service capabilities, and customer experiences. Its programs span cardboard (OCC), plastic, paper, metal, glass, pallets, electronics recycling, construction, and demolition (C&D), organics recycling (including food waste and composting services), grease and oil recycling, and single-stream recycling (SSR), among other adjacent services. The Company also offers various solutions for haulers and recyclers, which include RUBICONPro App, RUBICONPro Pod, and RUBICONSelect.