Richtech Robotics (RR) Secures $4M Sales Deal for AI Robot Product Lines

Richtech Robotics Inc. (NASDAQ:RR) is one of the 10 most popular AI penny stocks to buy according to billionaires. On June 30, the company signed a sales agreement valued at over $4 million with Beijing Tongchuang Technology Development Co., Ltd. The transaction was complicated through Richtech’s Chinese joint venture, Boyu Artificial Intelligence Technology Co., Ltd.

According to Richtech, the deal includes the purchase, service, and software licensing of its ADAM, Scorpion, and Titan product lines. ADAM is an AI-powered barista robot capable of preparing beverages like coffee and boba tea. Scorpion is a service robot deployed in settings such as restaurants, while Titan is a heavy-duty robot designed for tasks like delivery in automotive repair settings.

The agreement is expected to boost Richtech’s fourth-quarter revenue for 2025 and generate recurring revenue through service and software licensing. Analysts project a 33% revenue growth for the fiscal year, with the company maintaining gross profit margins of nearly 75%.

Richtech Robotics Inc. (NASDAQ:RR) is a Nevada-based provider of AI-driven service robots tailored for hospitality, healthcare, and retail environments. Its product suite includes autonomous bartenders, delivery units, and beverage robots powered by proprietary AI systems.

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Disclosure: None. This article is originally published at Insider Monkey.