JanOne acquisition target Alt 5 Sigma reports 2023 net profit but auditor flags going concern

AI Financial Corp

Alt 5 Sigma 2023 net profit $3.36M, revenue $11.97M (up 31% YoY); diluted EPS $0.13.
Auditor's report raises substantial doubt about going concern due to working capital deficit of $4.4M and negative equity.
Operating cash flow improved to $6.86M in 2023 from -$1.68M in 2022; stock-based comp fell to $0.
Fair value loss on digital assets was $445k in 2023 vs $4.5M gain in 2022, impacting net income.
Acquisition closed May 2024; financial statements and pro forma adjustments now filed via 8-K/A.

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