Ionetix Q1 revenue drops 59% YoY, net loss widens to $6.9M; going concern flagged

Ionetix Corp / DE /

Revenue $1.07M for Q1 2026 vs $2.59M in Q1 2025; cyclotron system sales fell to zero from $1.6M.
Net loss $6.94M vs $2.39M; operating loss $4.03M; cash $129K at March 31, 2026.
Merger with JDEV closed April 9, 2026; raised $29.7M net proceeds from private placement.
Substantial doubt about ability to continue as going concern for one year from financial statement issuance date.
Accumulated deficit $193.5M; expects continued losses and negative cash flows.

item 9.01

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