Filing Flows › Richtech Robotics (RR) › Q4 FY24
Richtech Robotics (RR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 14, 2025
Richtech Robotics (RR) reported revenue of $525K for the fourth quarter fiscal 2024 (Q4 FY24), -90% from a year earlier and -64% from the quarter before. Operating margin was -565.7%, net loss $3.0M (563.6% of revenue).
Richtech Robotics, Q4 FY24: revenue $525K (-90% year over year), operating margin -565.7%, net loss $3.0M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $525K | -64% | -90% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $525K in Q4 FY24, down 90% year over year and down 64% from the previous quarter.
Gross margin was 76.0%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -565.7%. Operating expenses grew 142% against a revenue fall of 90%. The quarter ended with a net loss of $3.0M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $74K of depreciation and amortization.
Questions
What was Richtech Robotics' revenue in the fourth quarter fiscal 2024?
Richtech Robotics (RR) reported revenue of $525K for the fourth quarter fiscal 2024 (Q4 FY24), -90% from a year earlier and -64% from the quarter before.
Was Richtech Robotics profitable in the fourth quarter fiscal 2024?
Operating loss was $3.0M (-565.7% of revenue) and net loss $3.0M.
Source: Richtech Robotics 10-K on SEC EDGAR.