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KPIsSections37
| Revenue — GREEN | $5.0M | +19.0% YoY |
|---|---|---|
| Gross margin — GREEN | 35.9% | |
| Net income — GREEN | -$49.1M | -592.0% YoY |
| Net margin — GREEN | -972.7% | |
| Operating margin — RED | -340.9% |
Red flags4 red1 orange
Liquidity3
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -972.7%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -176.6%
cash_conversion_weakCFO/Revenue below 0 — operating model not generating cash despite revenue.
Dilution · capital1
RED
SBC/Revenue 73.8%
sbc_revenue_highStock-based compensation exceeds 25% of revenue — materially dilutive.
Concentration1
ORANGE
R&D/Revenue 65.5%
rd_intensity_highR&D exceeds 40% of revenue — sustainable only if growth trajectory justifies the investment.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | $5.0M | GREEN |
| Gross Margin | 35.9% | GREEN |
| Operating Margin | -340.9% | RED |
| Net Margin | -972.7% | GREEN |
| Net Income | -$49.1M | GREEN |
| EPS (diluted) | $-0.40 | GREEN |
| R&D % Revenue | 65.5% | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Cash | $185.6M | GREEN |
| Broad Liquidity | $251.9M | GREEN |
| Current Ratio | 11.78 | GREEN |
| Total Assets | $273.7M | GREEN |
| Total Equity | $250.9M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating CF | -$8.9M | GREEN |
| Cash Conversion (CFO/Rev) | -1.77 | GREEN |
| SBC % Revenue | 73.8% | GREEN |
| Free Cash Flow | -$14.1M | GREEN |
Sections in this filing
Business
NOTE 1: Nature of Business Description of Business Richtech Robotics Inc. (“we”, “us”, “our” or “Richtech”), is a C-Corporation registered in Nevada. Richtech was originally established as Richtech Creative Displays, LLC in Nevada on July 19, 2016, and converted to a Nevada corporation on June 22, 2022 . We completed our initial public offering on November 21, 2023, and shares of our Class B common stock began trading on the Nasdaq Capital Market on November 17, 2023 under the symbol “RR.” We are a robotics and artificial intelligence (“AI”) technology company focused on developing advanced embodied AI systems that aims to improve the efficiency and productivity of U.S. businesses. Richtech trains proprietary artificial intelligence models on in-house data to operate advanced robotic systems in the real world. We design, engineer, manufacture, and deploy next generation embodied AI systems to serve a wide range of industries—including food service, retail, industrial manufacturing, automotive, healthcare, and hospitality. Our robots are designed to be user friendly, reliable, and highly customizable, with the goal of driving tangible profit and loss (“P&L”) improvements for our customers. Our mission is to accelerate the advancement of embodied AI in the United States. We aim to become a robotics “Super-Operator”—i.e. a company operating over one hundred thousand intelligent robots connected through a unified, data-rich AI ecosystem. These robots will perform a wide range of tasks across commercial and industrial environments, from scrubbing floors and packaging deliveries to supporting medical staff in hospitals and staffing factory production lines.