https://www.therobotreport.com/berkshire-grey-to-join-softbank-group/ Robotics news, research and analysis Wed, 29 Mar 2023 00:35:21 +0000 hourly 1 https://wordpress.org/?v=6.2 https://www.therobotreport.com/berkshire-grey-to-join-softbank-group/#comment-174696 Wed, 29 Mar 2023 00:35:21 +0000 https://www.therobotreport.com/?p=565342#comment-174696 This is good for BG, as it was getting low on cash and burning about $10M/quarter. It is not great for the logistics automation industry as BG is by far the largest player in terms of revenue and revenue growth, but demonstrates the extremely high COGS and company overhead, including very expensive s/w engineering costs.

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