5 Most Promising Small-Cap Industrial Stocks Under $30

3. Serve Robotics Inc. (NASDAQ:SERV)

Serve Robotics Inc. (NASDAQ:SERV) is one of the 12 most promising small-cap industrial stocks under $30.

On March 11, Serve Robotics Inc. (NASDAQ:SERV) entered into a partnership with White Castle, which involves delivering the brand’s menu through Serve’s autonomous delivery robots on Uber Eats. One of Serve’s self-governing sidewalk robots may now deliver White Castle meals to customers in the delivery zone.

The collaboration increases Serve’s visibility on the Uber Eats network. A Serve robot with a Crave Case will soon seem like a logical continuation of the White Castle experience, according to CEO Ali Kashani. White Castle is an iconic brand that helped establish quick & easy dinners, and the firm is excited to carry on that legacy.

On March 11, Serve Robotics Inc. (NASDAQ:SERV) reported its fourth quarter EPS of (34c), narrower than consensus estimates of (54c), while revenue came in ahead of street expectations at $882,000. The results highlight continued operational progress and expansion during the year. Commenting on the performance, Co-founder and CEO Dr. Ali Kashani stated:

“What our team accomplished last year is extraordinary. We went from operating in a single city to running the largest autonomous sidewalk fleet in the country, and we did it while delivering near-perfect reliability and surpassing our financial targets, but what excites me the most is the durable flywheel we’ve built and enhanced with four strategic acquisitions. Physical AI improves with real-world data, better AI makes the fleet more valuable, and a more valuable fleet funds the next turn of the cycle – from city sidewalks to hospital corridors.”

Serve Robotics Inc. (NASDAQ:SERV) is a maker of AI-powered low-emission robotic carriers that help in sidewalk food delivery in public places. Their self-driving delivery robots make the delivery process highly economical and efficient for consumer convenience.