CITR · CitroTech Inc. · Off Exchange

Substantial doubt about the company's ability to continue as a going concern.

“At June 30, 2026, the Company had cash of approximately $2.5 million, working capital of $3.3 million, and an accumulated deficit of $123.3 million. For the six months ended June 30, 2026, the Company incurred a net loss of $10.1 million and used approximately $3.8 million of cash in operating activities. The Company's ability to continue as a going concern depends on its ability to scale commercial sales. Management believes that current cash is not sufficient to fund commercial-scale production and the related working capital requirements for the next twelve months. These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of one year following the issuance date of these unaudited interim consolidated financial statements.”