Realbotix Corp. (XBOT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I also have with us Martin Boy, our CFO, and Jennifer Karkula, our Head of Communications. I'm going to do a walkthrough of some of the things from the quarter, and maybe I'll start with some commentary just on a little bit of some of the key aspects of the things that happened. I think that's probably more insightful to people than me doing a repetition of what's already in the press release. So, One of the key things I believe here to discuss is that we sold our liquid cryptocurrency assets, primarily being that of our ETH. And I wanted to just sort of give some insight into that and the thinking behind that, because for sure there's going to be some people who are a little disappointed in that, even though I believe it was the right decision. So we had started reporting that we were going to start liquidating our liquid digital assets probably about nine months ago. And I want to explain why that is. So the reason this is important is the volatility that's inherent in cryptocurrencies, while I love cryptocurrencies and, you know, it's true to my heart, but it's really hard to run a business around that. And I'll give an example. About four months ago, Ethereum hit about $1,450, basically $1,450. Today it's around $4,500. If you can imagine when you're trying to run a business that operates in fiat, but your treasury is all in crypto and you need to access that, it makes it really hard to plan. And so one of the things that we put in our current press release for people's insight, so you understand our thinking, is our monthly cash burn is about $400,000, about $380,000. When Ethereum hit, you know, $1,400 or so a few months ago, our run rate before running out of capital and having the necessity to raise capital in what might have been a desperate situation was re...