Presto Automation, Inc. (NASDAQ:PRST) Q4 2023 Earnings Call Transcript

Xavier Casanova: I think for us, there’s a – so we have a 24-months road map with all the things that we want to build for the drive-thru and we’re quite excited about it. I think when it comes to the next few months, what matters the most to restaurant operators are basically fighting this increasing cost that they see with this high inflation environment, right? And also making sure that while we do that, we actually deliver a high level of accuracy and a high throughput in the drive-thru. And so that – to execute on that is more complex than the way it sounds. There’s a lot of little things that you have to do to match the intent of a guest to a menu item, right? Or there’s like sophistication that needs to happen to make sure that the upsell that we propose to guests as they show to the speaker box is actually the right upsell and leads to a high conversion.

So in aggregate, I think we will win, so to speak, in the drive-thru if we’re able to do – to basically meet the needs of these drive-thru operators, more accuracy, speed of service and also more consistency in the upsell that we can offer through the system.

Michael Latimore: Okay. Great. That makes sense.

Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.