Realbotix Corp. (XBOT) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.777 I also have with us Martin Boy, our CFO, and Jennifer Karkula, 00:00:05.777 -- 00:00:08.057 our Head of Communications. 00:00:08.099 -- 00:00:13.805 I'm going to do a walkthrough of some of the things from the quarter, 00:00:13.805 -- 00:00:19.010 and maybe I'll start with some commentary just on a little bit of some of the key aspects 00:00:19.010 -- 00:00:24.075 of the things that happened. I think that's probably more insightful to people than me 00:00:24.075 -- 00:00:28.399 doing a repetition of what's already in the press release. 00:00:28.399 -- 00:00:33.439 So, One of the key things I believe here to discuss is 00:00:33.439 -- 00:00:39.106 that we sold our liquid cryptocurrency assets, primarily being that of our ETH. 00:00:39.106 -- 00:00:43.492 And I wanted to just sort of give some insight into that and the thinking behind that, 00:00:43.492 -- 00:00:46.436 because for sure there's going to be some people who are a little disappointed in that, 00:00:46.436 -- 00:00:50.281 even though I believe it was the right decision. 00:00:50.281 -- 00:00:55.305 So we had started reporting that we were going to start liquidating our 00:00:55.307 -- 00:01:00.089 liquid digital assets probably about nine months ago. 00:01:00.089 -- 00:01:03.034 And I want to explain why that is. So 00:01:03.034 -- 00:01:06.479 the reason this is important is the 00:01:06.479 -- 00:01:11.787 volatility that's inherent in cryptocurrencies, while I love cryptocurrencies and, 00:01:11.787 -- 00:01:16.935 you know, it's true to my heart, but it's really hard to run a business around 00:01:16.935 -- 00:01:23.082 that. And I'll give an example. About four months ago, Ethereum hit about $1,450, 00:01:23.405 -- 00:01:26.770 basically $1,450. Today 00:01:26.770 --...