We all see robots flipping on social media. But a french-fry robot named
Flippy? That doesn’t make sense. Miso Robotics, whose share price changes on
9/17, has heard it all before.




Unsubscribe
<[link removed]>
|View In Web
<[link removed]>

<[link removed]>






We all see robots flipping on social media. But a french-fry robot named
Flippy? That doesn’t make sense.

Miso Robotics, whose share price changes on 9/17
<[link removed]>
, has heard it all before.

But ask restaurant operators in the $1T fast-food industry like White Castle
who deploy Miso’s Flippy Fry Station robot, and it sure makes a lot more sense.

Flippy FLIPS restaurant operator’s bottom lines, helping boost a location’s
profits up to 4X.

And with Miso having a $4B/year US revenue opportunity for just the fry
station alone and a special collaboration with NVIDIA
<[link removed]>
, these french fries are way beyond small potatoes.

<[link removed]>
This year is when Flippy is really leaving his mark.

After Miso recently acquired two major new product assets, Flippy has become
the star of a rapidly expanding ecosystem. Customers think of what Miso is
building as the operating system for modern restaurants.

Miso just added big-name customers like Jersey Mike’s and Cinnabon… and grew
its patent portfolio by ~10X to 300+. On top of that, their robots even started
enteringcollege campuses, NBA arenas, and a new national burger chain.
<[link removed]>

Everyday investors like you who don’t want to miss the robotics boom have
already made more than 44,000 investments into Miso.

This is your chance to claim a stake for yourself.
<[link removed]>

But hurry. Invest in Miso at $5.48/share before the stock price changes on
September 17.
<[link removed]>
Miso Robotics is offering securities through the use of an Offering Statement
that has been qualified by the Securities and Exchange Commission under Tier II
of Regulation A. A copy of the Final Offering Circular that forms a part of the
Offering Statement may be obtained from:invest.misorobotics.com/
<[link removed]>





The Cross-Signal Monitor Manufacturers' Costs and Their Pricing Power Are
Moving in Opposite Directions Within the same manufacturing survey, the price
manufacturers pay for inputs and the price they can charge for output are
diverging sharply — a gap that says as much about who is absorbing this
inflation shock as the headline numbers do.
Signal A

The Empire State Manufacturing Survey's prices paid index registered 63.1 in
September 2026, an elevated reading indicating widespread and significant
input-cost increases across the New York Fed's manufacturing district,
consistent with the energy-driven cost pressure evident in this month's
national PPI report.

Signal B

The same survey's prices received index registered just 28.1 — roughly 35
points lower than prices paid. This measures what manufacturers report they are
actually able to charge for their own output, and it shows meaningfully less
pricing power than the cost pressure they are facing would imply.

Why They Conflict

In a market where manufacturers could fully pass through rising costs, prices
paid and prices received would move together. A gap this large — more than
double — means a significant share of the cost increase is being absorbed
somewhere in the supply chain rather than reaching final selling prices. That
absorption most directly shows up as compressed manufacturer margins, not
necessarily as contained inflation for consumers, since some of that cost may
still work its way through other channels, including final retail prices, with
a lag.

Possible Statistical Explanation

Diffusion indexes like prices paid and prices received measure the breadth of
respondents reporting increases, not the magnitude, so a large gap does not
translate precisely into a specific dollar or percentage margin impact. The two
sub-indexes can also diverge somewhat mechanically when input costs (heavily
influenced by globally traded commodities like energy) move faster than the
more gradual, competitively constrained process of raising customer-facing
prices.

Possible Economic Explanation

The more economically meaningful explanation is that manufacturers,
particularly smaller and mid-sized firms typical of the Empire State Survey's
respondent base, often lack the pricing power to immediately pass through
input-cost spikes, especially when demand is only modestly growing (new orders
at just 2.0) rather than robust. Weak demand limits how much of a cost increase
a firm can pass on without losing sales, which is consistent with this month's
broader picture of an energy-driven cost shock landing on an economy that is
not obviously overheating on the demand side.

Which Signal Markets Are Following

Treasury yields moved to their highest levels since 2007 the same day this
survey was released, suggesting bond markets are, for now, more focused on the
prices-paid side of the ledger — the headline inflation risk — than on the
margin-compression story implied by the gap with prices received. Equity
markets fell broadly the same day, which is at least directionally consistent
with investors registering some concern about corporate margins, though the
equity move cannot be attributed to this one data point alone.

Strongest Counterargument

A skeptic could argue that a large prices-paid/prices-received gap is common
during acute cost shocks and does not necessarily signal a durable margin
problem; firms often raise prices with a lag rather than immediately, and
prices received could catch up over the coming months as businesses adjust list
prices. The six-month outlook component of the same survey remained solidly
positive at 29.0, suggesting manufacturers themselves are not bracing for a
prolonged squeeze.

What Would Resolve the Conflict

A narrowing of the prices-paid/prices-received gap in October's Empire State
Survey, alongside stabilizing input costs, would suggest firms are successfully
repricing and margins are recovering. A widening gap, or evidence of the
squeeze showing up in the Philadelphia Fed Survey or national ISM data, would
suggest the margin pressure is broader and more persistent than one regional
report.

Next Data Points

The Philadelphia Fed Manufacturing Survey for September, due Thursday,
September 17, will show whether a similar prices paid/received gap appears in a
second regional survey. National Industrial Production and Capacity Utilization
data for August, due Friday, September 18, will offer a broader read on
manufacturing conditions.




At Nexus Macro Data, we write for people who think for themselves. Nothing
here replaces your own judgment — regulations prevent us from making it
personal, but that was never the point anyway.

Got this forwarded? You can subscribe directly here
<[link removed]>

Need help? Contact us <mailto:[email protected]> for assistance



Unsubscribe
<[link removed]>
— one click, no questions.

Sent to [email protected] <mailto:[email protected]>.

254 Chapman Rd Ste 208 Newark, 📍 Delaware 19702


© 2026 Alpha One Marketers LLC. All rights reserved.