Agility Robotics is about to give Wall Street a reality check on the humanoid robot boom.

The Oregon startup, whose two-legged robots carry heavy materials and sort goods in factories and warehouses, is expected to begin trading on Nasdaq on Thursday, becoming the first humanoid-focused company to go public in the US. Its financial disclosures show just how far the industry still has to go before robots become a profitable business.

Agility brought in just $1.8 million in revenue last year while reporting a $138.1 million net loss, according to its merger filings. More than half its revenue came from five robots purchased by one of its investors.