Richtech Robotics Inc. Class B Common Stock

Richtech Robotics Inc. develops, manufactures, deploys, and sells robotic solutions for service-industry automation in the United States. Its commercial products include Matradee, a line of restaurant service robots for bussing, serving, hosting, advertising, and entertaining, as well as ADAM and Scorpion, dual-arm AI-powered service robots for beverage preparation and customer interaction in hospitality and retail. Industrial offerings include Titan, a line of heavy-duty autonomous mobile robots (AMR) focused on delivery; DUST-E, an autonomous commercial cleaning robot line; and Dex, an industrial humanoid robot for manufacturing, logistics, and material-handling environments. The company also provides data generation services for frontier embodied AI training and operates the Clouffee & Tea robotic restaurant brand. It markets through digital marketing, sales outreach, industry exhibitions, client referrals, online inquiries, and distribution channels, serving food service, retail, industrial manufacturing, automotive, healthcare, and hospitality. Formerly Richtech Creative Displays LLC, it changed its name to Richtech Robotics Inc. on June 22, 2022, was incorporated in 2016, and is headquartered in Las Vegas, Nevada.

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Richtech Robotics Stock Soars on $12 Million Buyback Plan

Richtech Robotics stock soared 17% through 12:45 p.m. ET on Tuesday after the company announced plans to buy back $12 million worth of stock. The Las Vegas-based robotics company, which builds restaurant, bartending, delivery, and industrial humanoid robots, saw its shares fall 35% in the first half of this year. Richtech remains a start-up with single-digit millions in revenue, negative earnings, negative free cash flow, and a market capitalization of less than $400 million. Only one analyst follows the stock, with a hold rating, but S&P estimates see revenue doubling over the next couple years and losses steadily falling.

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Richtech Robotics Stock Plunges Over 30% in June on Accounting Restatements

Richtech Robotics shares fell more than 30% in June after the company disclosed that its audited financial statements for the two most recent fiscal years and several quarterly reports must be restated due to accounting errors. The audit committee found that statements for the fiscal years and the quarterly periods ending December 31, 2024, March 31, 2025, June 30, 2025, and December 31, 2025 should not be relied upon. The errors involve liabilities associated with stock warrants and a standby equity purchase agreement. The company said it would file corrected annual and quarterly reports but did not specify a timeline. The accounting issues overshadowed positive news, including the purchase of a 79,000-square-foot warehouse in Las Vegas for over $21 million and the unveiling of a new AI-powered pallet-moving robot called Pallet Jack.

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