Realbotix Corp. (XBOT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Realbotics Financial Update Call. My name is Jennifer, and today we are joined by CEO Andrew Kegel and CFO Scott Myers. At this time, everyone is in a listen-only mode. Later, we will be conducting a question-and-answer session. If you have a question, please submit it into the Q&A section located at the bottom of your screen. I will now try to call over to Andrew. Thanks, Jennifer. Welcome, everybody, to our call, I guess, for year-end in Q1. As people know, I don't do sort of the traditional thing, but I sort of wanted to just chat about the business and some various things. I want to talk first about some of the areas in the business or business that need work, and then talk somewhat about the positives and then outlook. So not in any particular order, but our reporting and finance structure certainly proved last year, certainly proved to be a weakness for the company. Our previous CFO was a contractor, not an employee. and in retrospect, not well equipped to handle the business as it was growing and we were pivoting out of crypto. He also had a bunch of personal issues to deal with and this had a negative impact in a few ways, primarily in us not having the adequate controls to ensure a smooth and efficient audit within the reporting timeline, which is why we need to request those extensions. What we've done since then, we really had to start our audit on the back foot, just being late. Like I saw from the numbers, there were no issues. There's no money missing or anything like that. It was just really a function of starting late with our new CFO and a new audit firm. Our prior CFO has been replaced by a full-time employee, Scott, who's been working out extremely well. He has over 20 years of experience in working with public companies. ...