Richtech Robotics Inc (NASDAQ:RR) shares are trading lower Friday morning, extending Thursday’s selloff after a critical Hunterbrook Media report. The slide comes as investors reassess the company's recently announced relationship with Microsoft. Here’s what investors need to know.
Microsoft Collaboration Disputed By Hunterbrook Report
Hunterbrook says Microsoft described Richtech's role as a standard AI Co-Innovation Lab customer engagement with "no commercial element," contradicting Richtech's earlier claim of a "close collaboration."
The report argues that excitement over the announcement lifted Richtech's market value by more than $370 million before the company revealed a $38.7 million private placement the next morning, fueling concern investors overestimated the tie-up.
Filing Delay Weighs On Sentiment
The report also highlights Richtech's delayed 10-K filing, warning it could complicate fundraising and potentially invite Nasdaq deficiency notices. The filing shows fiscal 2025 revenue of about $5 million against a net loss near $15.8 million, underscoring heavy cash burn and dependence on issuing new shares.
Hunterbrook's critique also follows earlier claims from short seller Capybara Research, which previously labeled Richtech a "China Hustle" and alleged rebranded robots and fabricated partnerships.
Hunterbrook Capital, an affiliate of Hunterbrook Media, disclosed a short position in RR, further pressuring the stock.
RR Price Action: Richtech Robotics shares were down 2.26% at $3.92 at the time of publication on Friday, according to Benzinga Pro data.
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