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As the minimum wage is expected to climb again to over $20 per hour in California in 2025 and the annual turnover rate for fast food workers stands at around 150%, the robotization of fast food labor is no longer a futuristic concept – it’s a necessity for survival. Companies that power this shift are poised for spectacular growth in the coming years. Miso is aiming for the top position in this transition, and its AI-powered kitchen robot, Flippy, could secure that spot. Flippy has already fried over 3 million baskets of food for brands like White Castle, Jack in the Box and CaliBurger. Now, with the new Flippy Fry Station – Miso’s most advanced robot yet – selling out its first production run in just one week, you have the opportunity to invest in Miso at just $4.97 per share as a private investor.
Food Industry Trending Toward Robotics
The National Restaurant Association (NRA) has revealed some startling facts about the state of the fast food industry. A staggering 98% of operators say that higher labor costs are a significant issue for their restaurants. At the same time, 200,000 new jobs need to be added to the industry by the end of 2024. That’s not going to be an easy feat, and retaining that workforce will be even more challenging, as the annual turnover rate for fast food restaurants averages 150% – which means that restaurants must be hiring almost constantly to land enough people to work in kitchen jobs. Each time a worker quits, the restaurant must spend on average over $5,860 on hiring and training a replacement, according to a recent report from Cornell University. As these costs spiral out of control, restaurants have increased menu prices and, based on this year’s earnings reports, customers are fleeing. It is why fast food chains are urgently bringing reliable robots like Flippy into their kitchens.
Flippy, developed through collaborations with tier-1 partners like Nvidia, Amazon and Ecolab, is designed to prepare crispy French fries with no human intervention. Workers simply push a button and pick up delicious, ready-to-go fries on-demand a few minutes later. Fast food chains are also using it to cook over 20 other fried items. Leading restaurant brands have already introduced Flippy into their kitchens, where the robot has cooked over 3 million baskets to date. By giving restaurants the ability to dramatically reduce both fried food waste and labor costs, Flippy can triple profits once set up, which helps explain why White Castle’s expressed interest in rolling Flippy out to 100 locations (and many other chains are also showing interest).
The Flippy Revolution In Numbers
Once Flippy is installed in a commercial kitchen, it cuts down labor costs, prevents injuries and boosts efficiency without compromising product quality. Quick-service restaurants are a $1 trillion business and each restaurant that installs Flippy can see a positive margin impact of $10,000 to $20,000 per month. As Miso secures lease contracts with fast food chains, Flippy has the potential to generate $4 billion in annual recurring revenue for the company. The product has already achieved market fit and now it’s time to scale – that’s where the new Flippy Fry Station comes into play.
Flippy Fry Station – The New Era
Miso’s most advanced robot yet, Flippy Fry Station, is tailor made for the 170+ US fast food brands in need of automation. It is a smarter, faster and smaller version of the current model, leveraging the company’s proprietary MisoAI to “see” better and even perform self-healing. While Flippy represents over 80% of Miso Robotics’ focus, the company has also experimented with robots that will automate other areas of the kitchen, such as Sippy, an automated beverage dispenser for the drive-thru.
Given Miso Robotics’ strong prospects and fundamentals, it’s no surprise that the company has already raised over $130 million. But only through Friday, you can invest at $4.97 per share with a minimum investment of $1,003.94.
Invest in Miso Robotics today.
Disclosure:
This is a paid advertisement for Miso Robotics’ Regulation A offering. Miso Robotics’ Regulation A offering is made available through DealMaker Securities LLC, an SEC-registered broker-dealer, and member of FINRA. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please read the offering circular at invest.misorobotics.com
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