Catheter Precision, Inc.
AI Executive Summary
AI-powered analysis of 10-Q filing content
Catheter Precision shows severe liquidity distress with current liabilities ($19.7M) exceeding current assets ($1.2M) by $18.5M, indicating potential insolvency risk. The company completed a significant acquisition adding $9.7M goodwill and $7M intangible assets while burning cash and maintaining minimal liquidity of only $441K.
Red Flags Detected (7)
Current ratio of 0.06 indicating severe liquidity crisis
Cash position critically low at $441K vs $19.7M current liabilities
Operating loss of $2.3M on only $432K quarterly revenue
4 more red flags detected
Key Takeaways
Company faces immediate liquidity crisis requiring urgent capital infusion
Recent acquisition appears to have created unsustainable debt burden
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.