Richtech Robotics Inc (RR) News

Institutions are buying. We need to see their ER to find out what's happening.

Is this stock going to die? They have good products.

Shorting cooling off some ...they need small caps to thrive and do more of the same offerings, reverse splits ..

And the shorting continues unabated ...

They can get another 180 days after that, almost a whole year, no worries .
If compliance is not achieved by the April 2025 deadline, Richtech Robotics may be granted an additional 180 days to address the bid price deficiency, provided it meets all other initial listing standards for the Nasdaq Capital Market, excluding the minimum bid price.

Hopefully all the unbelievers are out by now, so we can have our fun !

Nothing "bad" needs to happen right away ...

" Nasdaq’s notice has no immediate effect on the listing of the Company’s Class B common stock on the Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until April 23, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s Class B common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to April 23, 2025. "

Delisting notice filed ouch. Part of me wishes rr was on OTC to begin with.

"On October 25, 2024, Richtech Robotics Inc., a Nevada corporation (the “Company”) received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, because the closing bid price for the Company’s Class B common stock has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Rule 5550(a)(2) of Nasdaq Listing Rules"

Oof I read the wrong column on the filing. They sold 2,200,000 at 0.3438. Have 1.7m remaining. My bad!

Looks to me like they sold 2.2 mil and still have 1.7 mil .
Also , transaction was 8/8/24 at .34 to .38 . Not a good move .

Updates:

Kings Bliss LTD sold their position. 1,734,846.

https://www.linkedin.com/posts/richtech-robotics_richtechrobotics-titan440-dtlalithiatoyota-activity-7257482448215715840-dwJP?utm_source=share&utm_medium=member_ios

Conference presentation, October:

https://ir.richtechrobotics.com/static-files/2948771b-40d0-4b3b-a72b-9d618fabf6e2

Very strong day, needs more volume !

Pressure building up, higher pass !

Nice healthy consolidation, next leg up coming soon .

$RR Creepin' up .. .68 .

https://ir.richtechrobotics.com/

This one keeps getting pushed down. Hoping to see Adam and scorpion in person soon. This should be higher than Serv, oh well. I feel double digits is realistic long term.

$RR slow retrace with shorts sitting on it ... I'm buyin' .

Ready for another round soon. Stay tuned

People dont sell. Buy as many as you can. Companies involved in robots and IA are the future and they will become moneymakers for all of us. 

Walmart that’s huge $$$

https://seekingalpha.com/news/4169440-richtech-robotics-expands-agreement-to-manage-20-additional-walmart-located-restaurants?source=feed_f&utm_campaign=twitter_automated&utm_content=news&utm_medium=social&utm_source=twitter_automated

Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model

Source: GlobeNewswire Inc.

Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announces that it is expanding its restaurant operations model with the signing of a binding Letter of Intent (LOI) with Ghost Kitchens America. Under the terms of the LOI, Richtech Robotics agreed to enter into a franchise agreement with Ghost Kitchens America, pursuant to which the Company will acquire exclusive rights to operate 20 Walmart-located restaurants in Arizona, Colorado, and Texas. These restaurants will be directly managed by Richtech Robotics’ subsidiary, AlphaMax Management LLC, with the aim of optimizing restaurant operations through robotics and AI cloud technology. Each location is expected to generate between $700 thousand and $2 million in annual revenue.
Richtech Robotics is deploying its proprietary automation to enhance operational efficiency, augment and personalize customer experiences, and lower operational costs. The establishment and ongoing management of these restaurants is anticipated to provide a clear, repeatable operational blueprint that businesses can use to scale robotic deployment and optimize their business model.

Matt Casella, President of Richtech Robotics, stated: "Richtech Robotics is committed to the commercialization of robotics, through both robotic sales and the operation of our own robot-powered restaurants. This agreement will significantly add to our restaurant portfolio, and these high-traffic locations will bring greater visibility to our brand and our solutions. Our restaurant operations will showcase the very same robotic and AI platforms offered through our RaaS (Robotics-as-a-Service) business model. We expect these platforms to become a fast-growing and stable revenue stream for us as we leverage them to manage thousands, and eventually tens of thousands, of restaurant operations in the future.”

George Kottas, CEO of Ghost Kitchens America, commented: "All Walmart locations where we’ve signed agreements with Richtech Robotics have strong sales numbers and steady customer traffic. Based on our previous collaborations, Ghost Kitchens is confident that Richtech Robotics’ robotic technology and operational management services will maximize the performance of these restaurants. We look forward to further expanding our partnership with Richtech Robotics as we rapidly grow our restaurant footprint."

In addition to today’s announcement, the Company has already secured exclusive operational rights for the Ghost Kitchen at a Walmart location in Rockford, Illinois. Additionally, Richtech Robotics has signed a franchise agreement for another Walmart restaurant in Peachtree, Georgia, which is expected to begin operations later this year.

Through AlphaMax Management LLC, Richtech Robotics is operating these restaurants and advancing the application of robotic technology in the food service industry, with the goal of helping businesses reduce costs and improve efficiency.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

About Ghost Kitchens International (GKI)

With restaurants across Canada and the US, GKI is expanding to open 240 new restaurants under the ONE KITCHEN banner in USA and Canada. Each restaurant features multiple national brands made to order, a single operator, innovative front and back-of-house technology, and walk-in and delivery customers. For more information go to www.ghostkitchenbrands.com.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the anticipated success and benefits of the partnership with Ghost Kitchens America, including the ability of each location to generated expected annual revenue.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the parties’ ability to negotiate and execute a definitive agreement in connection with the LOI; Richtech Robotics’ ability to implement the definitive agreement; the ability of each location to generated the expected amount of annual revenue; and Richtech Robotics’ ability to realize the benefits described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 27, 2024, the Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050



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Nothing is listed on my brokers. I'm sure it'll come eventually. Small caps are having a rally so maybe RR will head over $1 in a few months.

Did they receive a letter from Nasdaq ?

Somebody loading, 95k@705 bid !

Really hope this gets back over $1 before Nov.

$RR .72 Ready for the next robotic pump

Looks like breakout on the way !

Needs volume !

Still buying. Company is actively looking for partners to use their robots.

RR !

Waiting for a new high for today !

L2 is getting thin, one more nice push !

70s up !

68 is the high of the day, working on the next leg up !

It’s moving now !

Well , besides their little robot thingy zipping around delivering tires news ,

the only other item I see is that they increased the amount of shares for their "employee compensation" program .

I think the CEO needs to update the shareholders at this point, crazy drop this morning with no reason, what’s up with that, we need updates, people losing faith !

So , just close my eyes and keep buying then . Okay ...

Is that so bad? I don't mind being able to get shares for under 50 cents.

Apparently this was a "nothing sandwich" kinda news ... Shorts in control here , for sure ...

LAS VEGAS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. ( RR ) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, today announces it has signed a distribution agreement with Sproutmation, LLC (“Sproutmation”), a commercial robotics and automation solutions delivery provider. Sproutmation’s first purchase order is for 20 Scorpion units. Under the arrangement, Sproutmation has agreed to an annual sales target of 100 robot units.

"We are continuously expanding our ecosystem of distribution partners and are pleased to announce our agreement with Sproutmation," said Matt Casella, President of Richtech Robotics ( RR ). “Our solutions are synergistic with Sproutmation’s offerings as the company is focused on robots that provide automation for clients. This collaboration will allow us to reach even more organizations across the country.”

“We are impressed with Richtech Robotics’ suite of solutions, as they provide enhanced customer experiences and increased efficiencies,” stated Thean Ang, CEO of Sproutmation. “Providing these robots to our clients will help elevate our offerings, and we look forward to beginning their deliveries.”

https://x.com/richtechrobots/status/1843354677246656662?s=46&t=SOfgYFcNY1OxgkraPxHd4g

Sounds interesting !

Investors in PP can't be pleased with their $1.35 purchases ...

Halted ???

Market (shorts) show their displeasure with this phenomenal event release the 20th .

Buy opportunity or continuing downturn ???

Personally disappointed by Scorpion. I was expecting something faster and more advanced than Adam...

$RR

https://www.stockscores.com/charts/charts/?ticker=RR