Core Insights - Richtech Robotics Inc. is expanding its manufacturing and assembly capacity by 400% through the acquisition of a new facility in Las Vegas, which will support increased demand for its AI-driven service robots [1][2] - The new facility will provide long-term cost savings compared to the previous rental arrangement and will include a dedicated studio for content creation [2] - The company has also signed a lease for a new office in Newark, California, to further develop its AI and robotics platforms [3] Company Commitment - Richtech Robotics is committed to U.S. assembly and manufacturing, with its flagship robot systems being engineered and assembled in Las Vegas, utilizing American-engineered control technologies powered by NVIDIA-based platforms [4] - The company aims to enhance its domestic supply chain and increase the use of U.S. sourced materials [4] Industry Position - Richtech Robotics specializes in collaborative robotic solutions for the service industry, particularly in hospitality and healthcare, with a mission to transform the service industry through automation [5]

Richtech Robotics Inc's RR stock offers investors an "attractive opportunity" to gain exposure to the rising demand for service robotics, according to HC Wainwright.The Richtech Robotics Analyst: Analyst Scott Buck initiated coverage with a Buy rating and price target of $3.50.The Richtech Robotics Thesis: Buck said in the initiation note that the company could see increasing adoption of service robots over the next several years, driven by improving technologies, labor shortages, and its transition to the ...

Core Insights - Richtech Robotics has opened its third One Kitchen location in collaboration with Ghost Kitchens America, featuring the AI-driven Scorpion robot, marking a significant step in their partnership [1][2] - The Peachtree City location is expected to generate stable revenue, strong cash flow, and increased profitability, highlighting the growing interest in AI-powered service robots in the restaurant industry [2] Company Overview - Richtech Robotics specializes in AI-driven service robots, aiming to transform the service industry, particularly in hospitality and healthcare, by enhancing customer experience and operational efficiency [4] - The Scorpion robot utilizes NVIDIA AI technology to interact with customers and craft beverages with high precision, showcasing the integration of advanced technology in restaurant operations [2][4] Industry Context - Ghost Kitchens International is expanding its footprint by opening 240 new One Kitchen restaurants across the USA and Canada, indicating a growing trend in the restaurant industry towards innovative operational models [5]

AI-driven service robotics company announces global expansion with participation at international wine and spirits trade fair, taking place March 16-18 in Düsseldorf, Germany Las Vegas, NV, March 11, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it will be exhibiting at ProWein 2025, taking place in Düsseldorf, Germany on March 16-18, 2025. The Company will be at Hall 5, Booth 5E46 show ...

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Financial Performance - Total revenue for the three months ended December 31, 2024, was $1,257,000, representing a 13.7% increase from $1,106,000 in the same period of 2023[16] - Gross profit for the same period was $1,134,000, up from $610,000, indicating an increase of 85.7%[16] - Operating expenses increased to $5,032,000 from $2,872,000, a rise of 75% year-over-year[16] - The net loss for the three months ended December 31, 2024, was $3,548,000, compared to a net loss of $2,748,000 in the prior year, reflecting a 29.2% increase in losses[16] - For the three months ended December 31, 2024, the net loss attributable to common stockholders was $3.548 million, with a weighted average of 95,785,054 shares used in computing the loss per share of $0.04[62] - The company reported a net loss of $3,548 thousand for the three months ended December 31, 2024, compared to a net loss of $2,750 thousand in the same period of 2023[84] Cash and Assets - Cash and cash equivalents increased to $19,827,000 as of December 31, 2024, from $14,566,000 at the end of September 2024, a growth of 36.5%[14] - Total assets rose to $51,424,000 as of December 31, 2024, compared to $42,651,000 at the end of September 2024, marking a 20.6% increase[14] - Total inventories increased to $1.396 million as of December 31, 2024, from $1.148 million as of September 30, 2024, with raw materials at $843 thousand and finished goods at $553 thousand[38] - Property and equipment, net increased to $802 thousand as of December 31, 2024, from $738 thousand as of September 30, 2024, with depreciation expenses for the quarter at $9 thousand[40] - Intangible assets, net rose to $9.576 million as of December 31, 2024, compared to $7.620 million as of September 30, 2024, with amortization expenses for the quarter at $499 thousand[42] Capital and Stock - The company reported a significant increase in additional paid-in capital, which rose to $61,366,000 from $49,667,000, an increase of 23.5%[14] - The number of shares issued and outstanding for Class B Common stock increased from 53,795,254 to 67,623,705, reflecting a growth of 25.7%[14] - The company issued 13,828,451 shares of Class B common stock during the quarter ended December 31, 2024, generating total proceeds of $8.064 million from warrant exercises alone[43] - In January 2025, the company issued 3,814,611 shares of Class B common stock, raising approximately $5,149,724.85 from warrant exercises[68] - The company issued warrants to Rodman to purchase an aggregate of 188,986 shares of Class B common stock at an exercise price of $5.00 per share[138] Revenue Streams - The company generates revenue through Robots-as-a-Service (RaaS) offerings, recognizing revenue over time on a monthly basis as services are provided[49] - Product revenue surged to $750 thousand in Q4 2024 from $187 thousand in Q4 2023, reflecting a growth of $563 thousand, or 300%[92] - Service/rental revenue dropped significantly to $133 thousand in Q4 2024 from $799 thousand in Q4 2023, a decline of $666 thousand, or 83.4%[94] - Leasing revenue increased substantially to $138 thousand in Q4 2024 from $13 thousand in Q4 2023, marking a growth of $125 thousand, or 961.5%[95] - Gross profit rose to $1,134 thousand in Q4 2024, up $526 thousand, or 86%, from $609 thousand in Q4 2023, driven by a reduction in cost of revenue[96] - Gross margin improved to 90% in Q4 2024, compared to 55% in Q4 2023, indicating enhanced profitability[97] Operational Developments - The company has implemented its robotic solutions in over 80 cities across the United States, addressing labor shortages in various service sectors[24] - Richtech Robotics Inc. aims to be a long-term partner for clients by providing a range of robotic solutions to enhance operational efficiency[24] - The strategic transition to a Robotics-as-a-Service (RaaS) model aims to generate more predictable and recurring revenue streams, enhancing customer accessibility to advanced technologies[78] - The company opened its first Clouffee & Tea franchise store in February 2025, marking its entry into the automated coffee and tea service market[69] - The company anticipates continued growth in service and leasing revenue as it expands its RaaS offerings and market reach[88] Compliance and Governance - The company will remain an emerging growth company until the earliest of (1) the last day of the first fiscal year following the fifth anniversary of its IPO, (2) total annual gross revenue reaches at least $1.235 billion, or (3) market value of common stock held by non-affiliates exceeds $700 million[28] - The company intends to take advantage of reduced regulatory and reporting requirements as an "emerging growth company" under the JOBS Act[124] - The company is exempt from the provisions of Section 404(b) of the Sarbanes-Oxley Act, which requires an attestation report on internal controls over financial reporting[125] - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of December 31, 2024[128] - There have been no changes in internal control over financial reporting that materially affected the company during the fiscal quarter ended December 31, 2024[130] - The company has implemented comprehensive policies to maintain accurate financial records and ensure GAAP-compliant financial reporting[131] Legal and Settlement - The company agreed to pay ACSS a sum of $430,000 as part of a Settlement Agreement[139] - As of December 31, 2024, the allowance for credit losses was $103 thousand, down from $197 thousand as of September 30, 2024, indicating improved credit risk management[36]

Richtech Robotics Inc. Richtech Robotics Launches the Richtech Accelerator Program to Bolster AI and Robotics Research at U.S. Universities Columbia University announced as first institution to join the program LAS VEGAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, proudly announces the launch of the Richtech Accelerator Program. This initiative aims to bolster AI and robotics research at U.S. universit ...

Core Viewpoint - Richtech Robotics Inc. is set to officially launch its new food and beverage brand, Clouffee & Tea, featuring the AI-powered robot ADAM, on February 9, 2025, in Las Vegas [1][3] Group 1: Company Overview - Richtech Robotics is a provider of AI-driven service robots, focusing on enhancing customer experiences in the hospitality and healthcare sectors [5] - The company has deployed over 300 robotic solutions across various industries, including restaurants, retail, and healthcare [4] Group 2: Product and Technology - Clouffee & Tea will offer a variety of milk teas, coffees, and desserts, with ADAM serving as the barista [2] - ADAM utilizes NVIDIA AI technology to interact with customers, take orders, and craft beverages with high precision [2] Group 3: Market Positioning - The launch of Clouffee & Tea represents a significant milestone for Richtech Robotics, showcasing its ability to leverage AI robotics for revenue generation in the hospitality industry [3] - The brand aims to create an interactive and dynamic customer experience, appealing to both locals and visitors in Las Vegas [3]

Company's new ADAM-centric food and beverage brand to officially launch at Town Square location with ribbon-cutting ceremony on February 9, 2025 LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (NASDAQ:RR) ("Richtech Robotics" or the "Company"), a Nevada-based provider of AI-driven service robots, announces that the grand opening of Clouffee & Tea at Town Square, Las Vegas will take place on February 9, 2025. Clouffee & Tea is the Company's food and beverage brand centered around its AI-p ...

Toronto, Ontario--(Newsfile Corp. - Le 29 janvier/January 2025) - Recharge Resources Ltd. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every two (2) pre-consolidated common shares. As a result, the number of outstanding shares will be reduced to approximately 25,428,720 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of business on January 30, 2025 ...