Realbotix Corp. (XBOTF) Q1 2026 Earnings Call Transcript

Jennifer Karkula
Head of Communications

Hello, and welcome to the Realbotix Financial Update Call. My name is Jennifer, and today, we are joined by CEO, Andrew Kiguel; and CFO, Scott Meyers. [Operator Instructions] I will now turn the call over to Andrew.

Andrew Kiguel
Co-Founder, CEO & Director

Thanks, Jennifer. Welcome, everybody, to our call, I guess, for year-end and Q1. As you will know, I don’t do sort of the traditional thing, but I sort of want to just chat about the business and some various things. I want to talk first about some of the areas in the business, our business that need work and then talk somewhat about the positives and then outlook. So not in any particular order, but our reporting and finance structure certainly proved — last year certainly proved to be a weakness for the company.

Our previous CFO was a contractor, not an employee and in retrospect, not well equipped to handle the business as it was growing and we were pivoting out of crypto. He also had a bunch of personal issues to deal with, and this had a negative impact in a few ways, primarily in us not having the adequate controls to ensure a smooth and efficient audit within the reporting timeline, which is why we need to request those extensions. What we’ve done since then, we really had to start our audit on the back foot, just being late. You saw from the numbers, there were no issues.

There’s no money missing or anything like that. It was just really a function of starting late with our new CFO and a new