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CITRCitroTech Inc.

Is CitroTech struggling financially?

Yes, by its own account. CitroTech told the SEC on 15 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

15/100

Critical

Sector
Industrial/Cyclical
Market cap
$157.4M
Source filing
10-Q 15 May 2026
Balance sheet
30 Jun 2026

Cash runway

  • 4months

    If the burn speeds up

    Empty by Oct 2026

  • 6months

    If it eases off

    Empty by Dec 2026

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$2.5M

÷

Cash burned over the last 12 months

$6.1M

What CitroTech told the SEC

…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. To alleviate these conditions, management is currently evaluating…

CitroTech Inc., Form 10-Q, filed 15 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 120.1% share-count increase The company issued stock. Each share now owns 54.6% less of the business than a year ago, before any change in the price.
  • Cash burn is increasing It is spending 27% more cash per year than it was, so the runway above shortens even if nothing else changes.

Other Industrial/Cyclical companies that filed the doubt