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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財年三季報
美股SEC公告 ·  2024/08/16 01:22

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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 機器人公佈了2024年第二季度的財務業績,營業收入爲144萬美元,同比增加10%,毛利率達到70%,而2023年第二季度爲53%。公司戰略轉變爲機器人即服務(RaaS)模式,服務營業收入同比增長485%,儘管在過渡期產品營業收入下降了55%。公司通過關鍵舉措增強了市場地位,包括在Ghost Kitchens部署ADAm機器人,並計劃擴展到240個地點,以及爲醫療設施推出Medbot。這些發展凸顯了Richtech在通過自動化解決方案應對酒店和醫療行業人力資源短缺方面的承諾。營業費用在九個月內增加至641萬美元,同比上升434萬美元,主要是由於更高的營銷費用和上市公司費用。公司通過與YA II PN, Ltd.簽署的5000萬美元備用股權購買協議獲得額外融資,截至2024年6月30日,保持了920萬美元的強勁現金儲備。
Richtech 機器人公佈了2024年第二季度的財務業績,營業收入爲144萬美元,同比增加10%,毛利率達到70%,而2023年第二季度爲53%。公司戰略轉變爲機器人即服務(RaaS)模式,服務營業收入同比增長485%,儘管在過渡期產品營業收入下降了55%。公司通過關鍵舉措增強了市場地位,包括在Ghost Kitchens部署ADAm機器人,並計劃擴展到240個地點,以及爲醫療設施推出Medbot。這些發展凸顯了Richtech在通過自動化解決方案應對酒店和醫療行業人力資源短缺方面的承諾。營業費用在九個月內增加至641萬美元,同比上升434萬美元,主要是由於更高的營銷費用和上市公司費用。公司通過與YA II PN, Ltd.簽署的5000萬美元備用股權購買協議獲得額外融資,截至2024年6月30日,保持了920萬美元的強勁現金儲備。
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