Realbotix Corp. (OTCQB: XBOTF) held its Q1 2025 Earnings Conference Call on February 18, 2025, at 4:00 PM ET. Here, we were joined by key company figures, including Jennifer Karkula, the Head of Communications, and Andrew Kiguel, the Executive Chairman and Chief Executive Officer.
As we dive into the call, Jennifer handled the preliminaries and quickly handed over the reins to Andrew.
“Thanks, Jennifer. Hello, everyone, and welcome to our Q1 earnings call,” Andrew began. “Today, I’ll give you a quick overview of our Q1 press release. We’ve just gone through our 2024 audited statements and have responded to quite a few questions recently, so we’ll aim to keep today’s Q&A session brief, wrapping up in about 30 minutes. Of course, you can always reach out to us afterward with any further inquiries. After a brief presentation, I’ll also share our objectives for the year using a screen share.”
Andrew then highlighted the significant revenue boost in Q1. This upswing primarily stemmed from our strategic shift and expansion into the AI and robotics sector, a pivot from our activities during the same period last year. On the financial side, we’ve seen increased net income thanks to the rise in value of the cryptocurrencies we hold. According to our accounting practices, these gains directly impact our bottom line.
Moreover, we’ve initiated a normal course issuer bid which, although not utilized yet, equips us with the capability to repurchase shares if necessary. At the time of its implementation, our share price was trailing at approximately CAD0.10, or US$0.07. We’ve experienced significant appreciation since then, and we’ll strategically deploy this option if and when we need to lend support to the share price.
