Restaurant technology company Miso Robotics has made waves with its line of robotic kitchen solutions. With restaurants increasingly looking to technology to make up for labor shortages, companies like Miso are in an excellent position to profit.
Here’s what investors need to know about Miso Robotics, whether the company will eventually go public and how it could perform as an investment.
What Does Miso Robotics Do?
Miso Robotics is a technology company engaged in developing robotic solutions for commercial kitchens. Its signature product is a robot known as Flippy that automates the production of fried foods. According to Miso, Flippy is capable of increasing fried food output by 30 percent while reducing customer wait times.
Miso also offers other tech products geared to the restaurant industry. These include Sippy, an automatic drink dispenser, and CookRight, a machine learning based alert system meant to improve restaurant workflows.
Combined, these products are intended to help restaurants reduce labor costs with the power of modern technology.
Is Miso Robotics Publicly Traded?
As of now, Miso Robotics is a private company that has not yet filed for an IPO so it not publicly traded.
As such, the company does not have a stock listed on any stock exchange.
Does Miso Robotics Plan to Go Public?
Miso Robotics has not actively pursued an IPO or a merger with a public company yet. With that said, it’s far from impossible that Miso would choose to go public at some point in the next several years.
The company has already been through several private funding rounds, indicating that it has found itself in need of additional capital to drive growth.
Given that not even Wall Street rumors have indicated a pending IPO from Miso, however, it’s unlikely that a public offering will take place any time in the near future.
How to Buy Miso Robotics Stock
Even though Miso Robotics isn’t publicly traded, the company is currently raising money through an equity crowdfunding campaign. Because of this, accredited investors can buy private shares in Miso.
Per SEC definitions, accredited investors are those possessing a net worth of $1 million or more or earning over $200,000 annually. Finance professionals and those working in certain executive positions within companies may also qualify as accredited investors.
Investors who can’t meet these requirements are unable to buy stock in Miso Robotics at this time. There is, however, one way to get some exposure to Miso through public markets.
Earlier this year, Ecolab (NYSE:ECL) became an investor in Miso Robotics. Although Ecolab is far better known for its main water hygiene and purification business, the Miso investment could pay off for the company as restaurants increasingly automate repetitive cooking tasks.
What Is the Stock Name for Miso Robotics?
As Miso has not yet filed for an IPO, it’s impossible to say exactly what symbol the stock would trade under if and when the company goes public. A few conceivable possibilities, however, are listed below:
If Miso Robotics ultimately chooses to offer shares publicly, it will choose a stock symbol at that time. Until then, investors can only guess at what name Miso Robotics will ultimately trade under.
Is Miso Robotics a Good Investment?
Without publicly available financial data, it’s extremely difficult to analyze Miso Robotics as an investment in any depth. What can be said, however, is that the company has the potential for high growth if restaurants adopt its technology en masse.
In fact, Miso is positioned to potentially solve a major problem facing the restaurant industry. Labor shortages have caused restaurant staffing levels to drop to about 450,000 jobs below pre-pandemic numbers.
Meanwhile, some 80 percent of restaurants say they have a difficult time hiring enough workers. Robots like Flippy could help to alleviate these problems by taking human workers away from repetitive, simple tasks and redeploying them into more valuable service-oriented roles.
It’s also worth noting that Miso’s systems have already been adopted by the small but very well-known restaurant chain White Castle. This is a critical test for Miso’s technology, as it places the company’s robotic products in real-world scenarios across an established restaurant chain. So far, this test is going well for Miso. White Castle outlets have reported significant improvements in order times.
Why Miso Could Win Over Investors
As staffing issues continue, many other fast-food chains are searching for technological solutions. McDonald’s, for example, is testing out technology that it claims can replace up to 80 percent of human workers at its restaurants.
While McDonald’s is using technology it acquired by buying up several restaurant technology companies, other chains may choose to go the less expensive route of using off-the-shelf solutions like Miso.
Another benefit to Miso Robotics for investors is its currently tiny size compared to its potentially long growth runway. The most recent known valuation for the company was $500 million in 2022. While additional funding rounds and continued sales of its products could certainly bolster this valuation, it’s clear that Miso has ample room to grow over the coming years.
With all of this said, it’s also clear that Miso faces several potential challenges. First and foremost, competition to automate restaurant jobs could be fierce due to the potential value of robotic solutions.
Miso will also have to invest heavily in manufacturing capacity and support infrastructure in order to roll out thousands of its robots in restaurants throughout the country. This process will likely be capital-intensive and could make for a long road to profitability.
The move toward automation in restaurants could also face resistance from consumers that would impede the growth of companies like Miso. Pushback from guests across the industry has raised concerns that diners will not accept the increasing reliance on self-service kiosks and automated experiences.
These pitfalls may not affect Miso too badly, however. Robots like Flippy that perform repetitive kitchen tasks are far less obvious to consumers and have less of an impact on the dining experience. As such, they are less likely to be affected by a consumer preference for in-person service.
The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.