Richtech Robotics Stock Jumps 10% Before Chicago Robot Demos as AI Service-Robot Bet Faces Test
Richtech Robotics shares jumped 9.7% to $2.82 on Wednesday, with trading volume reaching 28.8 million ahead of live robot demonstrations at the National Restaurant Association Show in Chicago. The company reported an 8.8% drop in quarterly revenue to $1.147 million and a net loss of $8.4 million. Richtech remains small and unprofitable as it shifts focus to recurring revenue models.