richtech robotics inc-b 2025年季度报告

Item 1A.Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety Disclosures i Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the principally in the section of this Report entitled “Management’s Discussion and Analysis of Financial Condition and Results ofOperations.” Readers are cautioned that significant known and unknown risks, uncertainties and other important factors (includingthose over which we may have no control and others listed in this Report and in the “Risk Factors” section of our Annual Report onForm 10-K/A for the fiscal year ended September 30, 2024 (“2024 Annual Report”), as filed with the Securities and Exchange those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words orphrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,”“continue” or other similar expressions. We have based these forward-looking statements on our current expectations and projectionsabout future events that we believe may affect our financial condition, results of operations, business strategy and financial needs.Our operations and business prospects are always subject to risks and uncertainties including, among others: ●Assumptions around the speed of robotic adoption in service environments;●Assumptions relating to the size of the market for our products and services; These forward-looking statements involve numerous and significant risks and uncertainties. Although we believe that our --2,327,847--------- Payment of loans received from third partiesLoans received from third parties Proceeds from issuance of ordinary shares Net change in cash and cash equivalents Cash, cash equivalents and restricted cash at beginning of the period$14,566$Cash, cash equivalents and restricted cash at end of the period$11,126$ 5 (Dollars in thousands, unless otherwise stated)NOTE 1: Nature of Business was converted from Richtech Creative Displays, LLC onJune 22, 2022, and is the predecessor of Richtech. Richtech CreativeDisplays, LLC was established on July 19, 2016 in Nevada. We are a leading provider of service robotic solutions. We develop, manufacture, and deploy novel products that address thegrowing need for automation in the service industry and provide service automation solutions that directly address the labor shortageproblem affecting the US service industry. Our solutions include delivery, commercial cleaning, food & beverage service, and hotels, casinos, senior living homes, factories and retail centers. Our solutions automate repetitive and time-consuming tasks whichallows clients to reallocate labor hours to more value-creating roles. Many of our clients see our robotic solutions as crucial toexpanding and scaling their businesses. Our goal is to be a long-term partner to our clients, providing them with a range of roboticsolutions to alleviate their problems. The Company’s business and operations are sensitive to general business and economic conditions worldwide. Theseconditions include short-term and long-term interest rates, inflation, fluctuations in debt and equity capital markets and the generalcondition of the world economy. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adversedevelopments in these general business and economic conditions could have a material adverse effect on the Company’s financial We are an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. We have elected to use this extended transition period for complying with new or revised accounting standards that havedifferent effective dates for public and private companies until the earlier of the date that we are (1) no longer an emerging growthcompany or (2) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. As a result, our We will remain an emerging growth company until the earliest of (1) the last day of the first fiscal year (A) following the fifth anniversary of the completion of our initial public offering on November 21, 2023, (B) in which our total annual gross revenue is atleast $1.235billion or (C) when we are deemed to be a large accelerated filer, which means the market value of our common stock thatis held by non-affiliates exceeds $700.0million as of our most recently completed second fiscal quarter and (2) the date on which we accepted in the United States (“GAAP”), pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).All intercompany ac