Q4 2024 Realbotix Corp Earnings Call Transcript
Key Points
- Realbotix Corp (XBOTF) received significant media attention at CES, with over 4 billion media impressions globally.
- The company is expanding into AI and robotics, with plans to rebrand and focus more on these areas.
- Realbotix Corp (XBOTF) is exploring outsourcing non-proprietary parts to scale production efficiently.
- The latest AI version is in beta testing, with completion expected in the coming months.
- The company is considering uplisting to a US-based exchange to facilitate easier access for US investors.
- The financial statements do not fully reflect the value of the company's technology and IP due to accounting rules.
- The company is currently experiencing high interest primarily from corporate clients, with limited individual consumer interest.
- Realbotix Corp (XBOTF) faces challenges in perfecting technology before reducing costs for consumer market entry.
- There is a need to develop a more efficient sales process and potentially hire a professional sales team.
- The company is cautious about share buybacks and uplisting due to potential regulatory and financial implications.
Welcome everyone to the Realbotix investor call for 2024 to present our audited financial statements on the call. Today is the management team including myself, Andrew Kiguel, the CEO; Jennifer Karkula, our Head of Communications; Martin Bui, our CFO; and Matt Mcmullen, our COO, chief visionary and creative genius behind the products.
We're going to play a short video here just to get things started around our experience from CES earlier this month. After that, I'll make some additional comments and then we'll open up the line for questions via Jennifer. Jennifer, if you can queue that up.
So CES is the very first conference that we attended. It's the first time we ever displayed our products to the public. The response was highly positive. It was reported to us that there were over 1,000 articles written on the company, several TV spots, Fox News, CBS, lots of viral videos that got millions of views.
And amazingly, we were told we got over 4 billion media impressions globally. I think that outside NVIDIA,
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