T3 Defense files ITS audited financials: $3.7M net loss, going-concern doubt

T3 Defense Inc.

ITS revenue fell 44% to $8.9M in 2024 (from $16.0M in 2023); gross loss of $1.5M.
ITS net loss of $3.7M in 2024, accumulated deficit $5.0M, shareholders' deficit $4.7M.
Auditor cites substantial doubt about ITS's ability to continue as a going concern.
Negative working capital of $3.6M and only $1.2M cash at Dec 31, 2024.
T3 completed 51% acquisition on Feb 17, 2026; pro forma financials now filed.

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