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

Richtech Robotics’ (NASDAQ:RR) lock-up period is set to end on Wednesday, May 15th. Richtech Robotics had issued 2,100,000 shares in its 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 expiration of Richtech Robotics’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Richtech Robotics Stock Performance

Shares of RR opened at $1.35 on Friday. Richtech Robotics has a fifty-two week low of $1.16 and a fifty-two week high of $12.29. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $1.49.

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

About Richtech Robotics

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.