Richtech Robotics Secures $4 Million Deal, Maintains Buy Rating and $3.50 PT Despite Q3 Loss

Richtech Robotics (RR) received a Buy rating and $3.50 PT from H.C. Wainwright analyst Scott Buck, despite reporting a Q3 loss of $4.1 million, or $0.04 per share. The company secured several business deals, including a $4 million sales agreement with Beijing Tongchuang Technology Development Co., Ltd., which is expected to positively impact Q4 revenues. However, the company has not been able to surpass consensus EPS estimates over the past four quarters.