Realbotix (XBOT.F) Q4 2024 earnings summary

Executive summary

• Achieved significant global media exposure at CES 2024 and CES 2025, with over 4 billion media impressions and strong interest from major technology companies and corporate clients.

• Fiscal year 2024 revenue rose 378% year-over-year to $1.3 million, reflecting growth from acquisitions and product launches.

• Transitioned focus to AI and robotics, rebranding as Realbotix and expanding the board in July 2024.

• Corporate headquarters in Canada, manufacturing in Nevada, with a shareholder base split between Canada and the U.S.

• Divested Metaverse Group and Hulk Labs, retaining crypto assets and exposure via equity in StoryFire.

Financial highlights

• Q1 2024 revenue nearly matched full-year 2023 revenue, with FY-2024 revenue at $1.3 million, up from $268k in FY-2023.

• Digital assets and cash totaled $9.7 million as of September 30, 2024; ETH holdings up 31% since year-end.

• Non-cash impairment of $9.3 million on intangibles, reducing book value of technology and patents to zero.

• Received $927,300 and 216.6 ETH from Genesis, representing 74% of ETH and 37% of SOL claims.

• Sold 250 ETH in Dec 2024 and Jan 2025 for working capital.

Outlook and guidance

• Management expects 2024 to be significantly better than 2023, with internal forecasts suggesting a larger market opportunity post-CES.

• No formal revenue or earnings guidance due to market uncertainty; plans to be more assertive in 2025 with domain name sales, including listing Tokens.com for $6 million.

• AWS subsidy of $100,000 expected in Q1-2025 to support next-gen robotic controller and AI development.

• Exploring uplisting to a U.S. exchange (NASDAQ), which may require a share consolidation if share price does not rise.

• Plans to scale production by outsourcing non-proprietary parts and maintaining key IP manufacturing in-house.