GMEX Robotics Corporation reports developments tied to its AI-powered robotics business, including product updates for culinary automation, hospital logistics systems, and autonomous robot hardware. Recent company updates have covered the Hospital Logistics Robot, the Intelligent Robot Chassis, intelligent culinary robotics systems, and commercial purchase agreements for food service applications.
GMEX Robotics news also includes capital-structure and governance matters, such as its share consolidation, board authorization under its governing documents, and operating and financial-result disclosures. The company’s updates reflect its transition from Fitell Corporation into a robotics and intelligent hardware issuer.
GMEX Robotics (GMEX) reported fiscal 2026 revenue of $5.6 million, up 7.9% from the prior year, alongside a wider net loss. Second-half revenue rose 12.8% to $2.9 million. Full-year revenue came from fitness equipment merchandise sales.
Gross margin fell to 8.6% from 39.3%, with cost of goods sold including a $1.7 million consignment-goods write-off allowance. Operating loss widened to $7.1 million from $1.6 million. Full-year net loss was $17.37 million, versus $0.68 million, reflecting digital-asset and financing-related expenses. Cash, cash equivalents and marketable securities totaled $22.8 million at June 30, 2026.
The company received an initial approximately AU$504,000 cooking-system order under an AU$4.2 million agreement for planned deployment of at least 50 systems. It also acquired a 30% equity interest in Alpha Meta AI and plans to integrate MediaMeta capabilities into its robotics platform.
GMEX Robotics (GMEX) announced that investee MediaMeta has begun a co-development project with U.S. clients for an autonomous canine grooming station. MediaMeta has also submitted a U.S. patent application covering technology under development.
The initiative follows GMEX's completed acquisition of an initial 30% fully diluted equity interest in MediaMeta on October 14, 2026. GMEX sees potential applications for the adaptive AI technology beyond pet care. The project remains in development, with commercialization subject to successful testing, client acceptance and other commercial considerations. The patent application is pending, with no assurance of a grant.
GMEX Robotics (NASDAQ: GMEX) completed its acquisition of an initial 30% fully diluted equity interest in Alpha Meta AI, operating through MediaMeta.Ai. GMEX has an option to increase its investment and become the controlling shareholder. An October 14, 2026 amendment left the valuation unchanged but revised consideration to 15% cash and 85% GMEX common shares, with the shares subject to a 24-month lockup.
Closing gives GMEX exclusive access to MediaMeta’s operating and developing technologies and platform. GMEX expects immediate collaboration to identify integration priorities for its Terminal + Brain (Intelligence) platform, combining physical robotics with AI-based decision-making. MediaMeta currently focuses on digital content, AI applications and generative engine optimization; its social intelligence capabilities for robotics remain in development. GMEX intends to advance these capabilities toward commercial deployment.
GMEX Robotics (NASDAQ: GMEX) will present at the 20th Annual LD Micro Main Event on October 21, 2026. The presentation is scheduled for 3:00 PM PT at the Luxe Sunset Boulevard Hotel in Los Angeles. Brian Hartzband, President of U.S. Operations, will represent the company and plans to discuss its Terminal + Brain approach and provide an update on its 2F Culinary AI kitchen robots in Australian hospitality.
GMEX Robotics (GMEX) will consolidate its issued and unissued shares across all three ordinary-share classes 1-for-9, effective September 28, 2026.
Immediately afterward, the par value of issued and unissued shares will fall from US$0.8064 to US$0.000001 per share. As of September 17, 2026, 6,771,947 Class A and 799 Class B shares were outstanding; no Class C shares were outstanding. The consolidation will reduce the Class A and Class B counts to 752,439 and 89, respectively, subject to adjustments for fractional shares.
Class A shares are expected to trade on the adjusted basis on The Nasdaq Capital Market at the September 28 open, retaining ticker GMEX and receiving CUSIP G3514S161. The board approved both changes on September 2. Share rights will otherwise remain unchanged, and outstanding warrants and other equity rights will be adjusted proportionately.
GMEX Robotics (Nasdaq: GMEX) issued a shareholder letter outlining progress on its “Terminal + Brain” physical AI strategy and near‑term execution priorities. Since its May 2026 update, GMEX signed a definitive agreement on July 28 to acquire an initial 30% fully diluted equity stake in social‑intelligence AI company MediaMeta.Ai, subject to customary closing conditions, with an option to pursue control over time. The company also entered a non‑binding July 6 LOI to acquire an equity interest in a California‑based connectivity and sensing firm, targeting fleet wireless latency cuts from ~100 ms to under 3 ms if completed. GMEX appointed Brian Hartzband as President of U.S. Operations on July 1, unveiled a tool‑free vision sensor mounting system on June 11, and introduced its multi‑agent AI orchestration platform 247meta.ai, now in final testing ahead of a planned late September 2026 commercial rollout.
GMEX Robotics (Nasdaq: GMEX) announced that its AI-native multi-agent orchestration platform, 247meta.ai, has entered final testing ahead of a planned global commercial rollout in late September 2026. The platform is designed to provide a 24/7 digital workforce for institutional enterprises and end-users.
According to GMEX, 247meta.ai uses an agnostic, multi-model infrastructure that dynamically integrates leading commercial and open-weight AI architectures. It combines Artificial Social Intelligence, behavioral memory, and an integrated cognitive system to adapt to user preferences, support cross-border execution, and enable autonomous decision-making without continuous human intervention.
GMEX Robotics (Nasdaq: GMEX) has signed a definitive share purchase agreement to acquire an initial 30% fully diluted equity interest in Alpha Meta AI, the issuer operating the MediaMeta social-intelligence AI business. GMEX also receives an option, but not an obligation, to buy additional shares that could provide a controlling interest, subject to the agreement’s terms.
Consideration will be paid in a mix of cash and GMEX common shares. The issuer agreed to a make-good provision targeting more than $52.6 million in revenues over five years from closing, with GMEX entitled to certain consideration adjustments or partial refunds if the target is not met. GMEX will receive a perpetual, exclusive, fully paid-up, royalty-free technology license for specified AI and robotics-related IP. Completion remains subject to extensive due diligence, required approvals, ancillary agreements and absence of legal restraints, and there is no assurance the transaction will close.
GMEX Robotics (Nasdaq: GMEX) announced it has signed a non-binding letter of intent to acquire an unnamed AI platform focused on social-intelligence AI and human behavioral modeling. The proposed deal is expected to use a mix of shares and cash, aligning incentives between the two organizations.
The AI platform develops comprehensive social world models spanning social context, cultural signals, intent, and scalable deployment across sectors such as healthcare, elder care, hospitality, education, retail, and consumer services. GMEX plans, if a definitive transaction is completed, to continue investing in the platform across data, architecture, and deployment. The LOI remains subject to due diligence, definitive agreements, approvals, and customary closing conditions, and may be terminated by the parties at any time.
GMEX Robotics (NASDAQ: GMEX) appointed Brian Hartzband as President of U.S. Operations, effective with its July 9, 2026 announcement. He will lead U.S. commercial operations, strategic partnerships, customer development and market expansion as the company scales its AI-powered robotic solutions across North America.