Richtech Robotics Inc-B Stock Price, News & Analysis

Richtech Robotics (NASDAQ: RR), a Nevada-based AI service robotics company, has announced a significant $4 million sales agreement through its Chinese joint venture, Boyu Artificial Intelligence Technology Co., Ltd., with Beijing Tongchuang Technology Development Co., Ltd.

The comprehensive agreement encompasses the purchase, service, and software licensing of three key product lines: ADAM, Scorpion, and Titan. This strategic partnership is expected to boost the company's fourth quarter revenue and generate recurring revenue streams. Richtech Robotics has already demonstrated strong market presence with over 400 robot solutions deployed across various sectors in the U.S., serving notable clients including Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.

The deal marks a significant expansion of Richtech's presence in China and creates opportunities for further growth across the Asian market. The company specializes in providing collaborative robotic solutions for the service industry, particularly in hospitality and healthcare sectors.

Richtech Robotics (Nasdaq: RR) has signed a Strategic Cooperation Agreement with Beijing City of Design Development through their Chinese joint venture, Boyu AI Technology. The partnership aims to advance AI-powered service robotics through joint R&D, commercialization, and industry incubation.

The companies plan to establish a Beijing Foreign-Invested R&D Center focusing on domain-specific AI models, autonomous robotic decision-making systems, and integrated software-hardware platforms. Richtech Robotics has already deployed over 400 robot solutions across the U.S. in various sectors including restaurants, retail, hotels, and healthcare, serving notable clients like Texas Rangers' Globe Life Field, Golden Corral, and Hilton.

Richtech Robotics (NASDAQ: RR), a provider of AI-driven service robots, announces that its robot ADAM will be featured at the prestigious Legacy of Launch 75th Anniversary event at Kennedy Space Center on July 24, 2025. ADAM will serve space-themed cocktails at this invite-only VIP event celebrating space exploration achievements.

The company has already deployed over 400 robot solutions across the U.S. in various sectors including restaurants, retail stores, hotels, healthcare facilities, and casinos. Notable clients include Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.

Richtech Robotics (NASDAQ: RR) announced that its AI-powered robot ADAM has served over 16,000 drinks at its flagship Clouffee & Tea location in Las Vegas since February 2025. ADAM, equipped with advanced AI and NVIDIA technology, features two robotic arms and a proprietary vision-AI system for precise beverage preparation. The robot can engage customers, suggest drinks, and execute complex recipes with millimeter-level accuracy. Beyond beverage service, ADAM is designed for versatile applications across retail, laboratories, and commercial environments. Richtech Robotics has already deployed over 400 robotic solutions across various industries, serving major clients including Texas Rangers' Globe Life Field, Golden Corral, Hilton, Sodexo, and Boyd Gaming.

Richtech Robotics' (NASDAQ: RR) Titan robot has been awarded the Robotics Innovation of the Year by the 4th annual SupplyTech Breakthrough Awards. The Titan robot, designed for the automotive repair industry, streamlines delivery processes and enhances operational efficiency. According to customer reports, the robot saves technicians an average of one hour per day while improving internal parts delivery accuracy in multi-bay service centers. Richtech Robotics is actively partnering with leading U.S. auto dealerships to integrate Titan into their workflows, aiming to reduce operational expenses and boost efficiency. The company specializes in collaborative robotic solutions for the service industry, including hospitality and healthcare sectors.

Richtech Robotics (Nasdaq: RR), an AI-driven service robotics company, has been preliminarily selected for inclusion in the Russell 2000® Index, effective after market close on June 27, 2025. This inclusion, which remains valid for one year, comes as part of the 2025 Russell Indexes reconstitution. The company will also be automatically added to corresponding growth and value indexes. The Russell indices, which had approximately $10.6 trillion in benchmarked assets as of June 2024, are widely used by investment managers and institutional investors for index funds and active investment strategies. Richtech Robotics specializes in collaborative robotic solutions for the service industry, particularly in hospitality and healthcare sectors.

Richtech Robotics (Nasdaq: RR) is enhancing its AI-powered barista robot ADAM with a new artisanal espresso system, set to debut at the National Restaurant Association Show in Chicago (May 17-20, 2025). The upgraded system incorporates standard café equipment including a precision grinder, distribution and tamping equipment, and a hand-pressed espresso machine.

ADAM's new capabilities leverage NVIDIA-powered AI vision to monitor and adjust water pressure during extraction in real-time, ensuring optimal espresso shots. The robot can also detect approaching customers and explain the coffee-making process. This advancement aims to combine automation efficiency with artisanal coffee quality, building upon ADAM's existing ability to craft lattes and boba teas.

Richtech Robotics (Nasdaq: RR) has announced a purchase agreement for a 20,000-square-foot property in Las Vegas to expand its headquarters. The acquisition at 2975 Lincoln Road is set to close by May 15, 2025, and will increase the company's assembly and manufacturing capacity by 400%.

The expansion aims to support growing demand for their AI-powered service robots and strengthen domestic supply chain operations. The new facility is expected to provide long-term cost savings compared to previous rental arrangements and will include a dedicated content creation studio.

Additionally, Richtech has signed a lease for a new office in Newark, California, near Silicon Valley, where engineers will continue developing the company's AI and robotics platforms. The company's flagship ADAM and Scorpion robot systems are engineered and assembled in Las Vegas, utilizing American-engineered control technologies and NVIDIA-based operating platforms.

Richtech Robotics (Nasdaq: RR) has announced the opening of its third One Kitchen restaurant in collaboration with Ghost Kitchens America at the Walmart Supercenter in Peachtree City, Georgia. This location marks the first to feature the company's AI-driven Scorpion robot, which will serve various beverages including coffees and teas.

The grand opening is scheduled for March 21st, 2025, at 9:30 a.m. The Scorpion robot, powered by NVIDIA AI technology, is designed to interact with customers, monitor environmental changes, and prepare drinks with precision. The location will be managed by Richtech's subsidiary, AlphaMax Management , utilizing robotics and AI cloud technology for enhanced operations.

According to President Matt Casella, the company expects this location to generate stable revenue, strong cash flow, and increased profitability while meeting the growing industry demand for operational efficiency and enhanced customer experience.