other material
confidence high
sentiment negative
materiality 0.55
Renovaro Cube audited: €2.1M net loss post-acquisition, going concern noted
Lunai Bioworks Inc.
- Successor period (Aug 24–Dec 31, 2023) net loss of €2,100,579, no revenue generated.
- Accumulated deficit of €2,100,579; cash only €114,520 at Dec 31, 2023.
- Auditor includes going-concern explanatory paragraph citing negative operating cash flows and deficit.
- Predecessor (Grace Systems) net loss €129,572 for Jan 1–Aug 23, 2023 and €623,982 for FY 2022.
- Acquisition of Grace Systems by Renovaro Cube treated as asset acquisition; company in development stage.