Latest 10-K annual reports

Graphjet Technology reported a significant net loss and negative working capital for fiscal year 2024, raising substantial doubt about its ability to continue as a going concern, while also facing multiple Nasdaq delisting notices.

VERSES AI Inc. announced a significant 92% drop in revenue for the fiscal year ended March 31, 2025, alongside a persistent net loss and substantial doubt about its ability to continue as a going concern, despite launching its flagship AI product 'Genius' and securing over $37 million in financing.

Wytec International, Inc. filed an amendment to its 2024 Annual Report on Form 10-K to correct an omission in the auditor's report and include updated certifications, while the auditor's opinion highlights substantial doubt about the company's ability to continue as a going concern.

ADM Tronics Unlimited, Inc. reported an 8% increase in net revenues and a significant reduction in operating and net losses for the fiscal year ended March 31, 2025, despite its auditor raising substantial doubt about the company's ability to continue as a going concern and management identifying ineffective internal controls.

Ranger Gold Corp., an exploration-stage natural resource company, reported continued net losses and no revenue for fiscal year 2025, raising substantial doubt about its ability to continue as a going concern.

Splash Beverage Group, Inc. reported a significant revenue drop and substantial net losses for fiscal year 2024, leading to a 'going concern' audit opinion and a formal delisting notice from NYSE American.

Stardust Power Inc. filed an amendment to its 2024 Annual Report on Form 10-K to disclose that its principal executive and financial officers concluded disclosure controls and internal control over financial reporting were effective as of December 31, 2024, following the remediation of previously identified material weaknesses.

Paychex, a leading human capital management company, reported a 6% increase in total revenue for fiscal year 2025, driven by the strategic acquisition of Paycor, but saw a 2% decline in unadjusted net income and diluted earnings per share due to higher expenses and interest costs.

UY Scuti Acquisition Corporation, a blank check company, filed its annual report detailing its initial public offering, search for a business combination, and significant risks associated with its management's ties to China and potential China-based acquisitions.

Arculus System Co., Ltd. has undergone a complete business transformation, shifting from crystal chandelier distribution to developing Electronic Design Automation (EDA) tools, reporting a net loss of $106,109 for fiscal year 2024 and facing substantial doubt about its ability to continue as a going concern.

Culp, Inc. reported a significant increase in net loss for fiscal year 2025, driven by a challenging macroeconomic environment, declining sales, and substantial restructuring costs, even as it implements strategic initiatives to streamline operations and enhance efficiency.

Natural Resource Holdings, Inc. reported a 98% reduction in net loss for the fiscal year ended April 30, 2025, primarily due to the absence of prior year's significant stock-based compensation, as the company continues its pre-revenue mining exploration efforts while facing substantial doubt about its ability to continue as a going concern.

Mesa Air Group, Inc. filed an amendment to its annual report to include previously omitted corporate governance and executive compensation details for the fiscal year ended September 30, 2024, highlighting compensation restrictions due to a U.S. Treasury loan.

QDM International Inc. announced a significant increase in net income and revenue for the fiscal year ended March 31, 2025, primarily driven by a strategic reduction in referral fees and robust growth in its core insurance brokerage services in Hong Kong.

PetVivo Holdings, Inc. announced a significant reduction in its net loss for fiscal year 2025, driven by increased product sales and decreased operating expenses, while securing a substantial Series B Preferred Stock offering to bolster future operations despite ongoing going concern doubts and internal control deficiencies.

Encision Inc., a medical device company specializing in patient safety technology for minimally invasive surgery, reported a significant reduction in net loss and an increase in gross profit for fiscal year 2025, driven by higher service revenue and improved product margins, despite a slight decrease in overall product revenue.

Conagra Brands reported a decrease in net sales and gross profit for fiscal year 2025, with diluted earnings per share significantly increasing due to a substantial income tax benefit and pension gain, alongside ongoing strategic divestitures and acquisitions.

KalVista Pharmaceuticals, Inc. announced the landmark U.S. FDA approval of EKTERLY (sebetralstat), the first and only oral, on-demand therapy for hereditary angioedema (HAE) in patients aged 12 and older, alongside strategic global commercialization partnerships and a significant royalty financing deal.

Senmiao Technology Limited reported a net loss from continuing operations of $3.47 million for the fiscal year ended March 31, 2025, alongside a strategic divestiture of its online ride-hailing platform business due to fierce competition and recurring losses.

Alixo-Yolloo Corporation filed an amendment to its annual report, adjusting prior financial statements and disclosing increased net losses, significant internal control weaknesses, and substantial doubt about its ability to continue as a going concern, despite a 75% revenue increase.

Methode Electronics reported a net loss for fiscal year 2025, driven by declining automotive sales and increased expenses, prompting a significant amendment to its credit facility to relax financial covenants and reduce borrowing capacity.

Nukkleus Inc. filed an amendment to its annual report, revealing that its internal controls over financial reporting were not effective as of December 31, 2024, due to identified material weaknesses.

AIS Holdings Group, Inc. has ceased its IT and software development operations, becoming a blank check shell company under new leadership, facing significant financial challenges and a going concern warning.

Corner Growth Acquisition Corp. 2, a blank check company, has extended its business combination deadline to December 31, 2025, following its delisting from Nasdaq and significant shareholder redemptions, while reporting a net income driven by debt forgiveness.

Avant Technologies Inc. reported a net loss of $1.14 million for fiscal year 2025, continuing its history of unprofitability and raising substantial doubt about its ability to continue as a going concern, despite strategic AI acquisitions and a planned pursuit of new financing.

Orion Bliss Corp.'s latest 10-K filing reveals a significant reduction in net loss and substantial revenue growth for fiscal year 2025, despite ongoing concerns about its ability to continue as a going concern and identified material weaknesses in internal controls.

UN MONDE INTERNATIONAL LTD.'s latest 10-K filing reveals a development-stage company with no revenue, recurring losses, and significant financial liabilities, raising substantial doubt about its ability to continue as a going concern.

Resonate Blends, Inc. reported a substantial increase in net loss and working capital deficit for the fiscal year ended December 31, 2024, raising significant doubt about its ability to continue as a going concern, despite a surge in revenue driven by a recent acquisition.

Adapti, Inc.'s latest annual report reveals a precarious financial state with recurring losses and negative working capital, while the company attempts to pivot through unproven AI technology and uncertain strategic acquisitions.

Butler National Corporation announced a 7% increase in total revenue to $84.0 million for fiscal year 2025, primarily fueled by a 15% surge in its Aerospace Products segment, while operating income climbed 27% to $16.8 million.