Realbotix Corp. (XBOT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the meeting. If you have a question please submit it into the Q&A section located at the bottom of your screen. I will now turn the call over to Andrew. Thanks Jennifer. Welcome everyone to the Q1 call. I'll do a quick walk through the Q1 press release and as we sort of just feel like we just did a whole bunch of questions recently for the 2024 audited statements we're going to try and limit the Q&A today to keep this to about half an hour. And of course, people can always message us with additional questions. And then after sort of this quick review and before the questions are going to do sort of a quick screen share and just talk a little bit about some of the goals and what we're trying to do for this year. So Q1, a big increase in revenue. That's largely because of sort of the pivot, the expansion into the AI and robotics versus what we were doing at the same time last year. The net income that we had was as a result of the positive increase in the cryptocurrencies that we held. The way the accounting is done for that is that it flows through the bottom line. We also implemented a normal course issuer bid. That is, we haven't seen a reason to use it as of yet, but it is in place and gives us the option to buy shares. When we actually implemented that, the share price was trading at around 10 cents Canadian, seven cents US. And so we've certainly appreciated a lot since then. We will use it accordingly if we think that the share price needs to be supported. Other key things, I think it's just what's already been announced, the partnership with Compass, the subsidy from Amazon. I guess big news with CES earlier this year was the first time that we showed our products. It's the first conference we attended. It won't be the last this year, but we received a signific...