Richtech Robotics Inc. (RR)
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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 Expands ADAM Robot Capabilities with AI Powered Artisanal Espresso System
New system utilizes advancements in physical AI to provide customers efficient and precise artisanal coffee products Las Vegas, NV, May 16, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, is expanding the capabilities of its AI-powered barista robot, ADAM, with a new artisanal espresso system debuting at the National Restaurant Association Show at McCormick Place Convention Center in Chicago from May 17 to May 20, 2025. “Richtech Robotics remains committed to delivering practical, revenue-generating AI solutions that solve high-need challenges in hospitality today,” said Matt Casella, President of Richtech Robotics.
Richtech Robotics Announces an Agreement to Purchase an Approximately 20,000 Square Foot Property to Expand Its Headquarters
New Las Vegas-based facility plans to increase manufacturing and assembly capacity by 400% and accommodate further integration of domestic supply chain Las Vegas, NV, April 16, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or “the Company”), a Nevada-based provider of AI-driven service robots, announced the entry of a purchase and sale agreement for the purchase of a piece of land located at 2975 Lincoln Road, Las Vegas, Nevada (“Lincoln Property”), covering approximately 20,000 square feet, to expand its headquarters. The acquisition of the Lincoln Property is scheduled to close on or before May 15, 2025, and is expected to quadruple the Company's assembly and manufacturing footprint for its robotics solutions, supporting increased demand and future growth.
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.
Contact Information
