M&A
confidence high
sentiment negative
materiality 0.75
ImmunogenX reports net loss of $8.86M in 2023; auditor cites going concern doubts
GridAI Technologies Corp.
- Net loss for 2023 was $8.86M, compared to $3.62M in 2022 and $1.66M in 2021.
- Total assets of $4.1M vs. total liabilities of $18.33M as of Dec 31, 2023, resulting in stockholders' deficit of $14.23M.
- Cash and cash equivalents only $251k as of Dec 31, 2023; auditor expressed substantial doubt about going concern.
- Pre-revenue clinical-stage biotherapeutics company focused on celiac disease treatments.