Catheter Precision acquires FLYTE; acquired entity reports $4.8M net loss, going concern doubt

Catheter Precision, Inc.

FLYTE (private aviation platform) had net loss of $4.8M on revenue of $986K for 2025, accumulated deficit $17.2M.
Auditor expresses substantial doubt about FLYTE's ability to continue as a going concern; cash only $26K as of Dec 31, 2025.
Catheter Precision acquired 100% of FLYTE on March 9, 2026; pro forma financials filed.
FLYTE's operating loss was $4.7M in 2025, with negative operating cash flow of $2.3M.
Acquisition includes Fly Flyte, Inc. and Ponderosa Air, LLC; Catheter Precision committed to provide financial support.

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