So, Richtech Robotics [RR +4.25%] finally got around to filing its 10-K. Took them long enough. Honestly, the delay was… irritating. It’s just basic competence, people! File on time. Is that too much to ask? And then, of course, the stock jumps. It’s like they wanted to cause a stir. A stir! Like anyone cares about a robot company losing a fortune.
They’re building this… “Dex.” A humanoid robot. Powered by Nvidia chips. Which, fine. Robots. But the whole thing just feels… unnecessary. And now everyone’s getting excited? Jumping on the bandwagon? It’s absurd. The stock went up 4.1% today. 4.1%! Based on what? A late filing and a vague promise of robotic assistance? Give me a break.
The Filing, Already
Last month, they panicked and announced they needed more time. More time! As if accounting is some sort of… creative endeavor. It’s numbers! Add them up! And that announcement, naturally, cost the stock 5%. Then, two weeks later, everything’s fine? Just like that? The market is a fickle beast, I tell you. A fickle, irrational beast. And people are trading on this? It’s madness.
The 10-K is out, and… it’s not good. Not good at all. They lost $15.8 million. Fifteen. Eight. Million. Dollars. Twice as much as last year. Cash burn doubled. Doubled! And yet, the stock is up. I don’t get it. Do people even read these reports? It’s like they’re throwing darts at a board and hoping for the best.
Revenue did grow 19% to $5 million, which, okay, fine. And they had positive gross profit. But that’s just… semantics. They’re still hemorrhaging money. It’s like rearranging deck chairs on the Titanic. It’s just… distracting.
A Buy? Don’t Even Start Me.
They lost money. Let’s just reiterate that. They lost money. And the really infuriating part is where they’re losing it. Research and development grew 20%, which is… acceptable, I guess. But general and administrative spending? Up 172%! 172%! What are they even doing over there? Hiring consultants to tell them how to spend more money? It’s a vortex of inefficiency. A complete and utter mess.
It’s overhead, people! Overhead! You need to control overhead. It’s not rocket science. And if they can’t even manage that, what makes anyone think they’ll ever turn a profit? It’s a “story stock,” as they say. A neat little narrative. But underneath it all, it’s just… disappointing. And honestly, a little bit insulting. They’re building robots, not solving world hunger.
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2026-01-20 21:04