OB:AUTOMachinery
AutoStore (OB:AUTO) Delivers 43% Revenue Growth With 72% Gross Margin
AutoStore Holdings walked into this earnings day with the stock already on a strong run, up roughly 49% over the past month, and priced on a rich P/E of 46.8x. The market had been paying up for the warehouse automation story. The headline from Q2 is that the company backed that optimism with hard numbers. Revenue reached about US$192m and gross margin held at 72%, while adjusted EBITDA margin landed at 45%. For a stock already priced at a premium, that combination of growth and profitability...