Movano republishes FY2024 financials after reverse split; revenue $1.0M, going concern noted

Corvex, Inc.

Revenue of $1.0M in 2024 (first revenue) vs $0 in 2023; net loss $23.7M vs $29.3M.
Accumulated deficit of $148.1M as of Dec 31, 2024; auditor expresses substantial doubt about going concern.
Cash and cash equivalents $7.9M at Dec 31, 2024; negative operating cash flow of $22.5M in 2024.
1-for-10 reverse stock split effective Oct 10, 2025 reduced shares from ~8.3M to ~0.8M; all per-share data restated.
Total operating expenses $25.2M in 2024, down from $29.7M in 2023; R&D spending decreased to $11.2M.

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