Richtech Robotics Discloses Financial Statement Errors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: stocktwits
- Financial Statement Errors: Richtech Robotics' new accounting firm, CBIZ CPAs P.C., discovered errors in financial statements for fiscal years 2024 and 2025, leading to a nearly 10% drop in RR stock during premarket trading as the company advised that these reports should no longer be relied upon.
- Restatement of Financials: The company plans to restate all financial statements in a Form 10-K/A filing for the fiscal year ended September 30, 2025, with expectations that the restatement will primarily involve non-cash accounting adjustments, thus not affecting cash position or operational cash flows.
- Ongoing Internal Control Evaluation: The previously reported material weakness in internal control over financial reporting as of September 30, 2025, is still under evaluation, with expectations of reporting an additional material weakness related to financial instruments, indicating ongoing challenges in financial management.
- Bearish Market Sentiment: Despite RR stock gaining over 13% in the past 12 months, it has declined nearly 29% year-to-date, reflecting a bearish sentiment among retail investors regarding the company's future prospects and exacerbating concerns over its financial health.
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About RR
Richtech Robotics Inc. is a developer of advanced robotic technologies focused on transforming labor-intensive services in hospitality and other sectors. The Company designs, manufactures and sells robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services, including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. Its products are categorized into three kinds of service automation: indoor transport and delivery, sanitation, and food and beverage automation. The majority of its robots can be characterized as Autonomous Mobile Robots (AMRs). The Company's robots include ADAM, Scorpion, Matradee, Medbot, Titan, Skylark, and DUST-E, among others. ADAM is a food and beverage automation robot developed on the NVIDIA Jetson Orin platform. Scorpion is developed on the same architecture as ADAM.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Richtech Robotics Launches AI-Powered Live Streaming Platform
- Innovative Streaming Platform: Richtech Robotics has launched the ADAM live streaming platform, utilizing NVIDIA technology to enable 24/7 real-time interaction, allowing users to engage directly with the AI humanoid robot ADAM, enhancing user experience and showcasing the company's cutting-edge AI capabilities.
- Enhanced Human-Robot Interaction: The ADAM platform not only demonstrates Richtech Robotics' innovations in robotics but also advances the evolution of human-robot interaction, enabling robots to communicate naturally with users, thereby strengthening the company's competitive edge in the market.
- Diverse Technology Showcase: The platform will showcase a variety of AI-driven automation solutions from Richtech Robotics, spanning multiple industries including hospitality, automotive, and manufacturing, further solidifying the company's leadership position in intelligent automation.
- Clear Strategic Vision: Executives at Richtech Robotics have stated that the company's vision is to make robotics more accessible and useful in everyday life, and the launch of this streaming platform marks a significant step towards establishing the company as a pioneer in intelligent automation and robotics.
See More
Richtech Robotics Unveils Next-Gen Warehouse Automation Solutions at Automate 2026
- Showcase Highlights: Richtech Robotics will debut its new AI-driven Pallet Jack robot at Automate 2026, aimed at addressing labor and efficiency crises in industrial settings, which is expected to draw significant industry attention.
- Technology Demonstration: The company will showcase the Pallet Jack's seamless integration into existing warehouse workflows, capable of transporting heavy payloads with high precision, thereby enhancing warehouse efficiency and solidifying its market position in automation.
- Product Portfolio Display: In addition to the Pallet Jack, Richtech will exhibit heavy-duty autonomous mobile robots like the Titan 440 and Titan 660, designed for high-capacity payload transport, demonstrating their potential applications in logistics environments.
- Keynote Presentation: COO Phil Zheng will deliver a keynote during the event, discussing how to empower humanoid robots with NVIDIA technology to adapt to complex real-world environments, further promoting flexibility in American manufacturing.
See More
Richtech Robotics to Showcase Robotic Solutions at HITEC 2026
- Event Participation: Richtech Robotics will showcase its AI-driven dual-armed beverage and food service robot, ADAM, and the DUST-E S autonomous cleaning solution at HITEC 2026 from June 15-18, 2026, in San Antonio, Texas, at Booth #3224, aiming to enhance guest experiences and operational efficiency in the hospitality sector.
- Live Demonstrations: Throughout the event, ADAM will perform live demonstrations serving attendees two specialty cocktails each afternoon at 1:00 PM, showcasing its precision, consistency, and autonomous capabilities, thereby helping hospitality operators address ongoing labor shortages and rising operational costs.
- Industry Impact: Richtech Robotics' solutions, which integrate AI, machine vision, and robotic automation, not only streamline beverage preparation and service processes but also automate floor cleaning operations across hotels, resorts, and convention centers, significantly improving operational efficiency and service standards.
- Strategic Vision: Guided by three strategic pillars—Industrial, Commercial, and Data Services—Richtech Robotics aims to deliver dependable automation solutions and drive continuous AI improvements, enhancing efficiency, precision, and quality through collaboration with human staff, thereby solidifying its market position in the hospitality industry.
See More
Richtech Robotics Discloses Financial Statement Errors
- Financial Statement Errors: Richtech Robotics' new accounting firm, CBIZ CPAs P.C., discovered errors in financial statements for fiscal years 2024 and 2025, leading to a nearly 10% drop in RR stock during premarket trading as the company advised that these reports should no longer be relied upon.
- Restatement of Financials: The company plans to restate all financial statements in a Form 10-K/A filing for the fiscal year ended September 30, 2025, with expectations that the restatement will primarily involve non-cash accounting adjustments, thus not affecting cash position or operational cash flows.
- Ongoing Internal Control Evaluation: The previously reported material weakness in internal control over financial reporting as of September 30, 2025, is still under evaluation, with expectations of reporting an additional material weakness related to financial instruments, indicating ongoing challenges in financial management.
- Bearish Market Sentiment: Despite RR stock gaining over 13% in the past 12 months, it has declined nearly 29% year-to-date, reflecting a bearish sentiment among retail investors regarding the company's future prospects and exacerbating concerns over its financial health.
See More
Richtech Robotics Executives Accused of Breaching Fiduciary Duties
- Legal Investigation Launched: Kuehn Law, PLLC is investigating whether executives at Richtech Robotics Inc. breached their fiduciary duties to shareholders, with the legal suit potentially causing significant reputational damage to the company.
- False Statements Exposed: The lawsuit alleges that Richtech Robotics made false claims regarding its collaborative relationship with Microsoft, resulting in materially misleading statements about the company's business and prospects at all times, which could undermine investor confidence.
- Shareholder Rights Protection: Kuehn Law urges shareholders to contact the firm promptly to enforce their rights, highlighting the importance of shareholder involvement in maintaining the integrity of financial markets, which may influence future investment decisions.
- No Legal Fees: Kuehn Law promises not to charge investors for case costs, emphasizing its support for shareholders, which may attract more affected investors to participate in the lawsuit seeking justice.
See More
Richtech Robotics Executives Accused of Breaching Fiduciary Duties
- Legal Investigation Launched: Kuehn Law, PLLC is investigating whether executives at Richtech Robotics Inc. breached their fiduciary duties to shareholders, with allegations that could expose the company to legal risks and financial losses.
- False Statements Revealed: A federal securities lawsuit claims that Richtech falsely asserted a collaborative relationship with Microsoft, a misrepresentation that could severely undermine investor confidence and impact the company's stock price.
- Shareholder Rights Compromised: The failure of executives to disclose critical information has led to statements about Richtech's business and prospects being deemed materially false and misleading, potentially prompting a class action lawsuit by shareholders to protect their interests.
- Legal Costs Covered by Firm: Kuehn Law has stated it will cover all case costs and encourages shareholders to contact them promptly to ensure their rights are upheld, a move that may attract more shareholders to participate in the lawsuit seeking compensation.
See More
Richtech Robotics Launches AI-Powered Live Streaming Platform
- Innovative Streaming Platform: Richtech Robotics has launched the ADAM live streaming platform, utilizing NVIDIA technology to enable 24/7 real-time interaction, allowing users to engage directly with the AI humanoid robot ADAM, enhancing user experience and showcasing the company's cutting-edge AI capabilities.
- Enhanced Human-Robot Interaction: The ADAM platform not only demonstrates Richtech Robotics' innovations in robotics but also advances the evolution of human-robot interaction, enabling robots to communicate naturally with users, thereby strengthening the company's competitive edge in the market.
- Diverse Technology Showcase: The platform will showcase a variety of AI-driven automation solutions from Richtech Robotics, spanning multiple industries including hospitality, automotive, and manufacturing, further solidifying the company's leadership position in intelligent automation.
- Clear Strategic Vision: Executives at Richtech Robotics have stated that the company's vision is to make robotics more accessible and useful in everyday life, and the launch of this streaming platform marks a significant step towards establishing the company as a pioneer in intelligent automation and robotics.
See More
Richtech Robotics Unveils Next-Gen Warehouse Automation Solutions at Automate 2026
- Showcase Highlights: Richtech Robotics will debut its new AI-driven Pallet Jack robot at Automate 2026, aimed at addressing labor and efficiency crises in industrial settings, which is expected to draw significant industry attention.
- Technology Demonstration: The company will showcase the Pallet Jack's seamless integration into existing warehouse workflows, capable of transporting heavy payloads with high precision, thereby enhancing warehouse efficiency and solidifying its market position in automation.
- Product Portfolio Display: In addition to the Pallet Jack, Richtech will exhibit heavy-duty autonomous mobile robots like the Titan 440 and Titan 660, designed for high-capacity payload transport, demonstrating their potential applications in logistics environments.
- Keynote Presentation: COO Phil Zheng will deliver a keynote during the event, discussing how to empower humanoid robots with NVIDIA technology to adapt to complex real-world environments, further promoting flexibility in American manufacturing.
See More
Richtech Robotics to Showcase Robotic Solutions at HITEC 2026
- Event Participation: Richtech Robotics will showcase its AI-driven dual-armed beverage and food service robot, ADAM, and the DUST-E S autonomous cleaning solution at HITEC 2026 from June 15-18, 2026, in San Antonio, Texas, at Booth #3224, aiming to enhance guest experiences and operational efficiency in the hospitality sector.
- Live Demonstrations: Throughout the event, ADAM will perform live demonstrations serving attendees two specialty cocktails each afternoon at 1:00 PM, showcasing its precision, consistency, and autonomous capabilities, thereby helping hospitality operators address ongoing labor shortages and rising operational costs.
- Industry Impact: Richtech Robotics' solutions, which integrate AI, machine vision, and robotic automation, not only streamline beverage preparation and service processes but also automate floor cleaning operations across hotels, resorts, and convention centers, significantly improving operational efficiency and service standards.
- Strategic Vision: Guided by three strategic pillars—Industrial, Commercial, and Data Services—Richtech Robotics aims to deliver dependable automation solutions and drive continuous AI improvements, enhancing efficiency, precision, and quality through collaboration with human staff, thereby solidifying its market position in the hospitality industry.
See More
Richtech Robotics Discloses Financial Statement Errors
- Financial Statement Errors: Richtech Robotics' new accounting firm, CBIZ CPAs P.C., discovered errors in financial statements for fiscal years 2024 and 2025, leading to a nearly 10% drop in RR stock during premarket trading as the company advised that these reports should no longer be relied upon.
- Restatement of Financials: The company plans to restate all financial statements in a Form 10-K/A filing for the fiscal year ended September 30, 2025, with expectations that the restatement will primarily involve non-cash accounting adjustments, thus not affecting cash position or operational cash flows.
- Ongoing Internal Control Evaluation: The previously reported material weakness in internal control over financial reporting as of September 30, 2025, is still under evaluation, with expectations of reporting an additional material weakness related to financial instruments, indicating ongoing challenges in financial management.
- Bearish Market Sentiment: Despite RR stock gaining over 13% in the past 12 months, it has declined nearly 29% year-to-date, reflecting a bearish sentiment among retail investors regarding the company's future prospects and exacerbating concerns over its financial health.
See More
Richtech Robotics Executives Accused of Breaching Fiduciary Duties
- Legal Investigation Launched: Kuehn Law, PLLC is investigating whether executives at Richtech Robotics Inc. breached their fiduciary duties to shareholders, with the legal suit potentially causing significant reputational damage to the company.
- False Statements Exposed: The lawsuit alleges that Richtech Robotics made false claims regarding its collaborative relationship with Microsoft, resulting in materially misleading statements about the company's business and prospects at all times, which could undermine investor confidence.
- Shareholder Rights Protection: Kuehn Law urges shareholders to contact the firm promptly to enforce their rights, highlighting the importance of shareholder involvement in maintaining the integrity of financial markets, which may influence future investment decisions.
- No Legal Fees: Kuehn Law promises not to charge investors for case costs, emphasizing its support for shareholders, which may attract more affected investors to participate in the lawsuit seeking justice.
See More
Richtech Robotics Executives Accused of Breaching Fiduciary Duties
- Legal Investigation Launched: Kuehn Law, PLLC is investigating whether executives at Richtech Robotics Inc. breached their fiduciary duties to shareholders, with allegations that could expose the company to legal risks and financial losses.
- False Statements Revealed: A federal securities lawsuit claims that Richtech falsely asserted a collaborative relationship with Microsoft, a misrepresentation that could severely undermine investor confidence and impact the company's stock price.
- Shareholder Rights Compromised: The failure of executives to disclose critical information has led to statements about Richtech's business and prospects being deemed materially false and misleading, potentially prompting a class action lawsuit by shareholders to protect their interests.
- Legal Costs Covered by Firm: Kuehn Law has stated it will cover all case costs and encourages shareholders to contact them promptly to ensure their rights are upheld, a move that may attract more shareholders to participate in the lawsuit seeking compensation.
See More
