Firefly Neuroscience completes reverse merger with WaveDancer; reports H1 2024 net loss of $2.4M

FIREFLY NEUROSCIENCE, INC.

Merger closed Aug 12, 2024; Firefly shareholders own ~92% of combined company (NASDAQ: AIFF).
H1 2024 revenue $22K vs $456K YoY; operating loss $2.35M as sales fell sharply.
Net loss $2.386M ($0.05 basic loss per share); cash $358K, accumulated deficit $79.0M.
Going concern doubt raised due to recurring losses and minimal revenue; needs additional capital.
Nasdaq confirmed compliance with minimum stockholders' equity requirement after merger.

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