MRLN · Merlin, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These measures may significantly alter our future business plans and could cause significant delays in the development of our products and ultimately our financial condition and ability to operate as a going concern in future periods.”View the 10-Q filed Aug 14, 2026
Key customers — 90% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026 and 2025, the Company generated $1,002 and $868 in revenue, with a significant amount (> 90%) of this revenue coming from the U.S. government (refer to Note 4. Revenue Recognition from Contracts with Customers for further information).”
Share-repurchase activity from the company's own XBRL filings — cash spent buying back common stock per fiscal year and per recent quarter, share counts where the company tagged them, and the buyback program's authorization — paired with the company's at-the-market (ATM) equity offering programs, the dilution side of the same picture. Repurchase amounts come exclusively from tagged SEC data; program figures with no tagged equivalent (untagged authorizations and all ATM figures) are read from the filing's own text and shown only after verification.
Repurchase History
| Quarter Ended | Cash Spent | Source |
|---|---|---|
| 2026-03-31 | $8,528,000 | 10-Q, filed 2026-05-15 |