Latest 10-K annual reports

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.

Monroe Federal Bancorp, Inc. reported a net loss of $327,000 for the fiscal year ended March 31, 2025, a significant decline from the prior year's net income, driven by decreased assets, deposit outflows, and an increase in non-performing loans following its mutual-to-stock conversion.

Hong Yuan Holding Group, a development-stage company, reported its first significant revenue of $245,572 in 2024, primarily from consolidated Chinese VIEs, but continues to face substantial net losses, an accumulated deficit of $97.8 million, and a going concern qualification from its auditors.

PodcastOne, Inc. announced a 20% increase in revenue for fiscal year 2025, reaching $52.1 million, despite a significant 44% decrease in podcast downloads and continued substantial net losses, raising substantial doubt about its ability to continue as a going concern.

Antiaging Quantum Living Inc. (AAQL) reported a dramatic increase in revenue for the fiscal year ended March 31, 2025, driven by new technical support services, but continues to face substantial net losses and a going concern warning.

Northann Corp.'s amended annual report for fiscal year 2024 reveals a substantial accumulated deficit, a net loss, and a going concern warning from auditors, despite an increase in revenue and gross profit.

National Beverage Corp. reported a 0.8% increase in net sales to $1.2014 billion and a 5.7% rise in net income to $186.8 million for Fiscal 2025, driven by higher selling prices and reduced costs despite a slight decrease in case volume.

Kewaunee Scientific Corporation reported increased sales driven by its Nu Aire acquisition but experienced a decline in net earnings for fiscal year 2025, while maintaining a strong order backlog.

Aeries Technology Inc. reported a substantial net loss of $21.6 million for fiscal year 2025, alongside a working capital deficit and a significant customer contract non-renewal, raising substantial doubt about its ability to continue as a going concern.

Credo Technology Group Holding Ltd reported a significant financial turnaround in fiscal year 2025, achieving net income of $52.2 million on record revenue of $436.8 million, primarily fueled by surging demand for its high-speed connectivity solutions in AI and hyperscale data centers.

Midland States Bancorp, Inc. has restated prior financial statements due to accounting errors in third-party loan programs, reported a substantial decline in 2024 net income, and anticipates a significant goodwill impairment charge in Q1 2025, reflecting deteriorating credit quality and strategic portfolio reductions.

SUIC Worldwide Holdings Ltd. reported a net loss of $234,211 for fiscal year 2024, narrowing losses from the prior year, while continuing to develop its fintech and supply chain integration ventures.

Northann Corp. reported a 10% increase in revenue and a significant improvement in gross profit for fiscal year 2024, driven by strategic acquisitions and a planned shift to U.S. manufacturing, despite a continued net loss and an auditor's going concern opinion.

IMAC Holdings, Inc. has undergone a significant strategic shift, divesting its previous patient care operations to focus entirely on oncology proteomics, while simultaneously addressing a financial restatement and navigating a delisting from Nasdaq.

Qualigen Therapeutics, an early-clinical-stage oncology company, reported a significant net loss and accumulated deficit for 2024, raising substantial doubt about its ability to continue as a going concern, compounded by a Nasdaq delisting notice and a slowdown in its core therapeutic programs.

Cineverse Corp. reported a substantial financial improvement for fiscal year 2025, moving from a net loss to net income and demonstrating strong revenue growth, primarily attributed to its expanding streaming business and key content releases.

Old Market Capital Corporation filed an amendment to its annual report to correct the audit report date and a disclosure regarding internal control over financial reporting.

Perfect Moment Ltd. reported a substantial net loss of $15.9 million and a 12.1% revenue decrease in fiscal year 2025, prompting auditors to raise substantial doubt about its ability to continue as a going concern, despite ongoing strategic shifts and recent capital raises.

Stemtech Corporation's latest 10-K filing reveals a reduced net loss and improved operating cash flow for 2024, yet highlights significant financial challenges including a substantial accumulated deficit, working capital deficiency, and material weaknesses in internal controls, raising substantial doubt about its ability to continue as a going concern.

PetroGas Company reported a net income of $8,978 for the fiscal year ended March 31, 2025, primarily due to a non-cash gain on asset retirement obligations, while continuing to face substantial doubt about its ability to continue as a going concern with no revenue generation and significant accumulated deficit.

FatPipe, Inc. reported a 9% decrease in fiscal year 2025 revenue to $16.29 million and a significant drop in net income, despite successfully completing its initial public offering and experiencing strong recurring billing growth.

Zoomcar Holdings, Inc. reported a reduced net loss for the fiscal year ended March 31, 2025, driven by significant cost reductions, but faces substantial doubt about its ability to continue as a going concern due to critically deficient cash, ongoing debt defaults, and recent delisting from Nasdaq.

Sundance Strategies, Inc. filed its annual 10-K report for the fiscal year ended March 31, 2025, revealing ongoing net losses, increased cash burn from operations, and a continued heavy reliance on related-party debt and equity financing to sustain its new professional services business model in the life settlement industry.

Elite Pharmaceuticals, Inc. announced a 48% increase in total revenue to $84.0 million for the fiscal year ended March 31, 2025, primarily due to four new product launches and increased sales from its Elite Label product line, though the company reported a net loss of $4.3 million and identified material weaknesses in internal controls.