Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Realbotix Reports Financial Results for Fiscal Year 2024

Jan 29, 2025 - financialpost.com
Realbotix Corp., a leader in humanoid robots and AI, reported a significant increase in revenue for FY-2024, reaching $1.3 million, a 378% rise from the previous year. The company completed the acquisition of Simulacra Corporation and rebranded itself as Realbotix Corp. They also introduced Aria, an AI-enabled robot advisor, and launched a new customer-focused website. Realbotix unveiled its latest humanoid robot, Melody, at CES 2025, garnering substantial media attention. The company remains optimistic about the cryptocurrency market, selling 250 ETH for working capital and planning to sell domain names like Tokens.com.

Realbotix's financial strategy includes a "Normal Course Issuer Bid" to repurchase shares and a partnership with Compass UOL, securing a $100,000 AWS subsidy for AI development. The company plans to enhance its digital marketing through an agreement with Machai Capital Inc. Despite a reported net loss of $8.7 million due to non-cash impairments, Realbotix's operating loss improved compared to the previous year. The company continues to advance its robotics and AI technology, focusing on modularity, vision systems, and synthetic skin technologies.

Key takeaways:

  • Realbotix Corp. reported a 378% increase in total revenue from continuing operations for FY-2024, reaching $1.3 million.
  • The company completed the acquisition of Simulacra Corporation and rebranded as "Realbotix Corp" in 2024.
  • Realbotix launched its latest humanoid robot, Melody, at CES 2025, generating significant media attention with over 4 billion global media impressions.
  • Realbotix remains optimistic about the cryptocurrency market, with plans to stake and sell portions of its ETH holdings for working capital purposes.
View Full Article

Comments (0)

Be the first to comment!