Realbotix Corp. (XBOT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Martin, our CFO, Eric Abrams, our chief technology officer, and Jennifer, our head of communications. I'll do first a quick walk through the quarter, then some communication around sort of our strategic pathway forward where we're at as a business. And then towards the end of that, we'll open it up to some Q&A, plan on doing sort of 10 minutes of Q&A or so. So we'll try and get to as many questions as we can. And in order to ask the questions, I think you just put it into the Q&A button there in order to do that. So back to the quarter, these are results that ended from January to March of this year. We had 166% increase in our revenue to approximately 761,000 for three months and a 220% increase in revenue to 1.6 million for the six months ended in March, 2025. Obviously those numbers are all in US dollars. The Q, that quarter was not the best quarter for crypto. Whereas the end of last year, post the Trump presidency, there was a big rally in crypto that really cooled off sort of January to February. We've now seen that all come back. Obviously that's not reflective here. But as a result of that, the way things work for us, and these are the accounting rules, is that when there is a gain or a loss in the value of crypto, it flows directly to our income statement, right to the net income line. And so we're subject to some of the, you know, what happens within crypto, which impacts what our bottom line looks like. Although I would stress that's all non-cash. In terms of some highlights of this year, for us, for sure, one of the key highlights was our attendance at CES, the Consumer Electronics Show in Las Vegas in January. There was a lot of reasons why that was significant. Number one, that was the first time we had ever shown our products to anybody. Nobody had rea...