Dubai, United Arab Emirates, November 6th / PRNewswire / -- Robo.ai Inc. (Nasdaq ticker: AIIO) (hereinafter referred to as “Robo.ai” or “the Company”) today released a letter from its Chief Executive Officer Benjamin Zhai to shareholders, which covers the company's recent financial performance, capital allocation methods, and key priorities for the next phase.
To Shareholders:
The shares of Robo.ai will begin trading on NASDAQ on November 6th at the adjusted price following a stock split. I would like to take this opportunity to report on three things: what we have accomplished over the past few months; what our focus will be in the next steps to solidify the company's position as a leading sovereign AI and technology platform in the United Arab Emirates and the broader Gulf region; and why I am so confident about the company's future.
At the midpoint of the year, we had only one priority: to rapidly expand our business scale. Today, the results are reflected in the data. Revenue from June to September exceeded 280 million dollars. In October, we announced our revenue forecast for the entire year of 2026, which is approximately 600 million dollars. This scale has laid a solid foundation for the next phase and also gives us a clear understanding of the direction we need to move forward in.
The costs of chips and storage remain high, yet public safety, transportation, energy, and municipal services generate vast amounts of visual data every day. Whoever can process the same amount of data with less computing power and storage has a cost advantage. That's exactly what our AI data processing company, Neurovia AI, does: making the transmission, storage, and use of visual data more efficient. Neurovia AI will showcase its latest solutions at the GITEX Global exhibition to be held in Dubai from December 7th to 11th.
Our industrial group ALIF Holding is building local manufacturing and system integration capabilities in the United Arab Emirates. The first phase of its project, located in the Um Ghaif Industrial Park, commenced on September 25th. The proposed ALIF Maritec oil spill emergency response system concept and the ALIF Composites project have clarified the product direction for this industrial park. The Abu Dhabi government's digital strategy for 2025 to 2027, as well as the support for local manufacturing under the " Make it in the Emirates " initiative, provide a clear policy framework for these businesses.
In the next phase, we will focus on three key areas. Within our existing business, we will continue to strictly control delivery costs, cash collection, and operational efficiency in order to improve business quality. Neurovia AI will advance product development and commercialization. ALIF Holding will accelerate production preparation and customer development. In terms of capital, we will allocate funds according to business progress, giving priority to the most critical areas, and ensure that every dollar invested is aligned with our business plan.
Regarding financing: Based on our current operating conditions and financing arrangements, for a period of time after the date of this letter, we do not intend to enter into new equity-linked, floating-price financing arrangements, that is, arrangements where the issue price or conversion price is linked to the company's future stock price. We will continue to fulfill our existing obligations and retain the rights under the previously disclosed agreements. We will support our business through prudent capital management, with the goal of creating long-term value for shareholders.
We firmly believe that long-term value comes from the business itself. Our task is clear: to serve our customers well, to refine our products, and to build each of our businesses on a solid foundation. I am full of confidence in the future of Robo.ai. This confidence stems from the strong support of the board of directors, the efforts of the management and operations team over the past year and more, as well as the recognition our customers have given to our products and solutions. From now on, our quarterly results will speak for us. Thank you for your continued trust and support.
Benjamin Zhai
Chief Executive Officer
Robo.ai Inc.
Regarding Robo.ai and Inc.
Robo.ai Inc. (Nasdaq ticker: AIIO) Headquartered in Dubai, United Arab Emirates, it is a Nasdaq-listed technology group that builds intelligent infrastructure around four platforms: artificial intelligence; robotics and intelligent mobility; advanced manufacturing; and capital. Its industrial group Alif Holding focuses on creating intelligent industries by developing, integrating, and manufacturing AI systems to serve governments, public sectors, and critical mission areas. Through its subsidiary Neurovia AI, the company develops AI software and visual data infrastructure. Quantum Core Capital ("QC Capital") is its deep-tech holding and startup incubation platform driven by AI, which incubates, invests in, and operates businesses in the fields of artificial intelligence, robotics, digital infrastructure, and the next-generation digital economy.
Forward-looking Statements
This press release and the accompanying letter to shareholders contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including statements regarding reverse stock splits and continued compliance with listing requirements, financing policies, the company's revenue outlook for the full year of 2026, acquisition integration, AI technology and applications, ALIF Holding industrial park and related project development, product development, local manufacturing and delivery capabilities, and anticipated strategic benefits. Words such as "expected," "planned," "believes," "intends," "will," and similar expressions may be used to identify these statements. These statements are based on management's current expectations, estimates, and assumptions. The revenue outlook is preliminary data and may change. These statements do not constitute a guarantee of future results. Actual results may differ significantly from expectations due to various risks and uncertainties, including the company's ability to meet NASDAQ's continued listing requirements; market and financing conditions; obligations under existing financing agreements and potential dilution; adjustments to the pricing of convertible notes and other contractual terms; business integration and execution; the limited operating history of the company's current business; customer demand and competition; technology development and commercialization; the company's financial condition and its ability to achieve profits and positive operating cash flows; cash usage, working capital, and capital expenditure needs; debt obligations; liquidity and availability of cash and investments; and the timing and availability of financing; as well as site rights, funds, renovation, company establishment, licensing and approval, equipment, personnel, and operational readiness required for the projects, as well as changes in relevant policies. Revenue alone does not guarantee profitability or positive operating cash flows. For more information regarding these and other risks, please refer to the documents submitted by Robo.ai to the U.S. Securities and Exchange Commission. The forward-looking statements in this press release are as of the date of issuance.Except as required by applicable laws, the company assumes no obligation to update or revise any forward-looking statements due to new information, future events, or other reasons.
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Email: ir @ roboai.group
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