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

May 8, 2024

53 1 minute read

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Richtech Robotics’ (NASDAQ:RR – Get Free Report) 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. After the end of Richtech Robotics’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Richtech Robotics Price Performance

Shares of RR stock opened at $1.29 on Wednesday. The firm has a 50 day simple moving average of $1.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 2.13. Richtech Robotics has a 52 week low of $1.16 and a 52 week high of $12.29.

Richtech Robotics (NASDAQ:RR – Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $1.11 million during the quarter.

About Richtech Robotics

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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.