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Richtech Robotics | 10-Q: Q3 2024 Earnings Report

Richtech Robotics | 10-Q: Q3 2024 Earnings Report

Richtech Robotics | 10-Q:2024财年三季报
美股SEC公告 ·  2024/08/15 18:22

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Richtech Robotics reported Q2 2024 financial results with revenue of $1.44 million, up 10% YoY, and achieved a 70% gross margin compared to 53% in Q2 2023. The company's strategic shift to a Robotics-as-a-Service (RaaS) model led to service revenue growth of 485% YoY, though product revenue declined 55% during the transition period.The company strengthened its market position through key initiatives, including the deployment of ADAM robots at Ghost Kitchens with plans to expand to 240 locations, and the launch of Medbot for healthcare facilities. These developments highlight Richtech's commitment to addressing labor shortages in the hospitality and healthcare sectors through automated solutions.Operating expenses increased to $6.41 million for the nine months, up from $4.34 million YoY, primarily due to higher marketing costs and public company expenses. The company secured additional funding through a $50 million Standby Equity Purchase Agreement with YA II PN, Ltd., maintaining a strong cash position of $9.2 million as of June 30, 2024.
Richtech Robotics reported Q2 2024 financial results with revenue of $1.44 million, up 10% YoY, and achieved a 70% gross margin compared to 53% in Q2 2023. The company's strategic shift to a Robotics-as-a-Service (RaaS) model led to service revenue growth of 485% YoY, though product revenue declined 55% during the transition period.The company strengthened its market position through key initiatives, including the deployment of ADAM robots at Ghost Kitchens with plans to expand to 240 locations, and the launch of Medbot for healthcare facilities. These developments highlight Richtech's commitment to addressing labor shortages in the hospitality and healthcare sectors through automated solutions.Operating expenses increased to $6.41 million for the nine months, up from $4.34 million YoY, primarily due to higher marketing costs and public company expenses. The company secured additional funding through a $50 million Standby Equity Purchase Agreement with YA II PN, Ltd., maintaining a strong cash position of $9.2 million as of June 30, 2024.
Richtech 机器人发布了2024年第二季度财务报告,营业收入为144万美元,同比增长10%,毛利率达到70%,而2023年第二季度为53%。公司战略转向机器人即服务(RaaS)模式,使得服务收入同比增长485%,尽管在过渡期内产品收入下降了55%。公司通过关键举措巩固了市场地位,包括在Ghost Kitchens部署ADAm机器人,并计划扩展到240个地点,以及为医疗设施推出Medbot。这些进展突显了Richtech在通过自动化解决方案解决酒店和医疗行业劳动力短缺方面的承诺。营业费用增加至641万美元,较去年同期的434万美元有所上升,主要由于更高的营销成本和上市公司费用。截至2024年6月30日,公司通过与YA II PN, Ltd.签署的5000万美元备用股权购买协议获得了额外资金,保持了920万美元的强现金储备。
Richtech 机器人发布了2024年第二季度财务报告,营业收入为144万美元,同比增长10%,毛利率达到70%,而2023年第二季度为53%。公司战略转向机器人即服务(RaaS)模式,使得服务收入同比增长485%,尽管在过渡期内产品收入下降了55%。公司通过关键举措巩固了市场地位,包括在Ghost Kitchens部署ADAm机器人,并计划扩展到240个地点,以及为医疗设施推出Medbot。这些进展突显了Richtech在通过自动化解决方案解决酒店和医疗行业劳动力短缺方面的承诺。营业费用增加至641万美元,较去年同期的434万美元有所上升,主要由于更高的营销成本和上市公司费用。截至2024年6月30日,公司通过与YA II PN, Ltd.签署的5000万美元备用股权购买协议获得了额外资金,保持了920万美元的强现金储备。
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