Realbotix Corp. (XBOT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Realbotics Financial Update call. My name is Nicholas Armand, and I'm a member of the finance team. 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 turn the call over to Andrew. Thanks, Nick. Thank you, everybody, for joining the call. The way I'm going to do this call is I think the way I've done the last few calls, which is sort of a little less formal, and rather than going through each number and all the various things, it's more of a conversation, and then we can move it to a Q&A. The way I would describe this quarter is that there's not a lot of progress that you can see in the actual numbers. However, we're making substantial progress, and I think you've got to read beyond the numbers to see what's happening with the business and what's going on. So I'm going to touch upon some of the things. With respect to the balance sheet, this is the first one where you can sort of see sort of the impact that it's now super clean. We've eliminated all the debt. We've got over 12 months of capital based on the current burn rate, and it's, you know, we're well-positioned. There's no fears here. We've sort of eliminated the risk by getting rid of the debt. That's good. On the revenue side, we're now starting to get to the areas where we've eliminated all the crypto stuff. So for people who recall, we used to still have a bunch of the crypto there and the crypto staking, and that had always contributed to some revenues and some gains. That's now gone. We've also, again, positioning, and this happens quarter to quarter, w...