Realbotix Corp. (XBOT) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.395 the meeting. If you have a question please submit it into the Q&A section located at 00:00:03.395 -- 00:00:07.221 the bottom of your screen. I will now turn the call over to Andrew. 00:00:07.221 -- 00:00:11.186 Thanks Jennifer. Welcome everyone to the Q1 call. 00:00:11.186 -- 00:00:15.912 I'll do a quick walk through the Q1 press release 00:00:15.912 -- 00:00:21.039 and as we sort of just feel like we just did a whole bunch of questions recently 00:00:21.039 -- 00:00:26.166 for the 2024 audited statements we're going to try and limit the Q&A today to keep this 00:00:26.166 -- 00:00:32.548 to about half an hour. And of course, people can always message us with additional questions. 00:00:32.548 -- 00:00:36.214 And then after sort of this quick review and before the questions are going to do sort 00:00:36.214 -- 00:00:40.181 of a quick screen share and just talk a little bit about some of the goals and what we're 00:00:40.181 -- 00:00:45.530 trying to do for this year. So Q1, a 00:00:45.530 -- 00:00:49.717 big increase in revenue. That's largely because of sort of the pivot, the expansion into 00:00:49.717 -- 00:00:53.913 the AI and robotics versus what we were doing at the same time last year. 00:00:53.913 -- 00:00:58.954 The net income that we had was as a result of the positive increase in 00:00:58.954 -- 00:01:02.448 the cryptocurrencies that we held. The way the accounting is done for that is that it 00:01:02.448 -- 00:01:05.432 flows through the bottom line. 00:01:06.113 -- 00:01:09.336 We also implemented a normal course issuer bid. 00:01:09.336 -- 00:01:14.401 That is, we haven't seen a reason to use it as of yet, but it is in place 00:01:14.401 -- 00:01:18.805 and gives us the option to buy shares. When we actually implement...