Richtech Robotics Inc. (RR)
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Richtech Robotics' AI-Driven Robot ADAM Surpasses 16,000 Drinks Served at Flagship Las Vegas Location
Company's AI-powered robot, ADAM, continues to revolutionize beverage service and free its human counterparts to engage with customers LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-powered service robotics, announced today that its cutting-edge robot, ADAM, has officially served over 16,000 drinks at Clouffee & Tea in Town Square, Las Vegas. Opened on February 9, 2025, Clouffee & Tea is the Company's flagship food and beverage concept, showcasing ADAM's capabilities in a real-world retail setting.
Richtech Robotics' Titan Selected as Robotics Innovation of the Year by the SupplyTech Breakthrough Awards
Las Vegas, NV, June 12, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced that its Titan robot was selected as the winner of the Robotics Innovation of the Year award by the 4th annual SupplyTech Breakthrough Awards program. The Titan robot is designed to increase efficiency and revenue by streamlining delivery, in the automotive repair space for example, allowing employees to work faster and smarter.
Richtech Robotics: Another Bad Quarter And More Dilution - Sell
Richtech Robotics Inc. reported disappointing quarterly results with weak sales and poor gross margins, resulting in record losses and cash burn. However, persistent dilution from warrant exercises resulted in cash and liquid investments increasing to a record $41.8 million. Last week, the company entered into a new, up to $100 million ATM Agreement which is likely to provide an overhang for the stock in the near term.
Richtech Robotics Inc. Dividends
Richtech Robotics Inc. Earnings
| 28 May 2025 Date | | - Cons. EPS | - EPS |
| 28 May 2025 Date | | - Cons. EPS | - EPS |
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Richtech Robotics Inc. Profile
| Industrial - Machinery Industry | Industrials Sector | Mr. Zhenwu Huang CEO | NASDAQ (CM) Exchange | 765504105 Cusip |
| US Country | 57 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Richtech Robotics Inc. specializes in creating technology-driven solutions tailored for the service industry, leading advancements in automation with a focus on robotic systems. From its inception in 2016 and subsequent rebranding from Richtech Creative Displays LLC in June 2022, the company has positioned itself as a pioneering force behind the integration of robotic technology into various service domains. Operating from its base in Las Vegas, Nevada, Richtech Robotics Inc. caters to an extensive range of sectors including restaurants, hotels, casinos, senior living centers, manufacturing sites, retail environments, hospitals, and movie theaters. The company's mission is to enhance operational efficiencies across these industries through its innovative robotic systems, promising to redefine service delivery and maintenance standards.
Products and Services
Richtech Robotics Inc. offers an array of robotic solutions designed to meet the diverse needs of the service industry, including:
- ADAM and ARM Worker Robots: These robotic systems are engineered for versatile indoor transport and delivery tasks, providing a flexible and efficient solution for moving goods and materials within various service environments.
- Matradee Series (Matradee, Matradee X, Matradee L): A family of delivery robots, each tailored to specific operational needs. These robots are adept at navigating busy service areas, delivering food, beverages, and other items directly to customers or specific locations, enhancing service speed and efficiency.
- Richie and Robbie: Specialized delivery robots designed to operate in diverse settings, providing reliable and autonomous delivery services that streamline operational workflows and improve customer satisfaction.
- DUST-E Series (DUST-E SX, DUST-E MX): Cleaning robots equipped with advanced features to maintain cleanliness and hygiene in various settings. These automated cleaning assistants are crucial for ensuring sanitary conditions in high-traffic service environments.
- Accessories: Richtech Robotics Inc. also supplies a range of accessories to complement and enhance the functionality of their robotic systems. These include bus tubs, cup holders, magnetic tray cases, smartwatches for streamlined operation control, table location systems for precise delivery services, and tray covers for maintaining the quality and hygiene of delivered items.
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