Realbotix Corp. (OTCQB:XBOTF) Q1 2025 Earnings Conference Call February 18, 2025 4:00 PM ET
Company Participants
Jennifer Karkula – Head, Communications
Andrew Kiguel – Executive Chairman & Chief Executive Officer
Conference Call Participants
Jennifer Karkula
Call starts abruptly
[Operator Instructions] I will now turn the call over to Andrew.
Andrew Kiguel
Thanks, Jennifer. Welcome, everyone, to the Q1 Call. I’ll do a quick walk through the Q1 press release. And as we sort of just feel like we just did a whole bunch of questions recently for the 2024 audited statements, we’re going to try and limit the Q&A today to keep this to about half an hour. And of course, people can always message us with additional questions. And then after sort of this quick review and before the questions, I’m going to do sort of a quick screen share and just talk a little bit about some of the goals and what we’re trying to do for this year.
So Q1, a big increase in revenue. That’s largely because of sort of the pivot, the expansion into the AI and robotics versus what we were doing at the same time last year. The net income that we had was as a result of the positive increase in the cryptocurrencies that we held. The way the accounting is done for that is that it flows through to the bottom line.
We also implemented a normal course issuer bid. That is — we haven’t seen a reason to use it as of yet, but it is in place and it gives us the option to buy shares. When we actually implemented that, the share price was trading at around CAD0.10, US$0.07. And so we’ve certainly appreciated a lot since then. We’ll use it accordingly if we think that the share price needs to be supported.
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