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.

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

A medical technician using surgical robotics to perform minimally-invasive urologic surgery in an operating room.

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.

While we acknowledge the potential of RR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RR and that has 100x upside potential, check out our report about this cheapest AI stock.

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