Next Meats Holdings, Inc.

Micro-cap alt-meat holding company with explicit going-concern doubt, collapsing revenue and severe losses on stale FY2023 data.

Strengths

• Current/quick ratios near 1.0–1.18 (modest cushion)
• Net loss narrowed slightly versus prior year

Risks

• Going concern: revenue fell ~80%, net margin -346%, OCF margin -119% (10th pct), ROA -3.9x (9th pct)
• Reliant on equity sales to fund operations; data is ~3 years stale (FY2023)

Notable findings

• Going concernGoing Concern The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financ
• Net lossNet loss (net margin -345.6%)