Richtech Robotics Inc.’s (NASDAQ:RR) Lock-Up Period To End on May 15th

Richtech Robotics’ (NASDAQ:RR) lock-up period will end on Wednesday, May 15th. Richtech Robotics had issued 2,100,000 shares in its initial public offering on November 17th. The total size of the offering was $10,500,000 based on an initial share price of $5.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Richtech Robotics Trading Down 0.8 %

Richtech Robotics stock opened at $1.29 on Wednesday. The firm has a 50 day simple moving average of $1.50. The company has a quick ratio of 2.13, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. Richtech Robotics has a 1-year low of $1.16 and a 1-year high of $12.29.

Richtech Robotics (NASDAQ:RR) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.11 million for the quarter.

Richtech Robotics Company Profile

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.