GRAPHJET TECHNOLOGY

Pre-revenue graphene developer, essentially out of cash, delisted to OTC Pink, with going-concern doubt.

Strengths

• Holds patents on a palm-shell biomass graphite/graphene process and a low-cost raw-material story

Risks

• Near-zero cash ($7.4k), runway ~0 quarters, current ratio 0.02, negative gross margin — distress/near-cash-out
• No commercial sales ever, going-concern explanatory paragraph, Nasdaq delisting to OTC Pink in Nov 2025

Notable findings

• No interest coverageInterest coverage -1048.75 (cannot cover interest)
• Going concern● Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern
• Cash burnNegative free cash flow (-2.5M)
• Exec changeRecent 8-K item 5.02 8-K ↗
• Weak liquidityCurrent ratio 0.02 (<1)
• Net lossNet loss (net margin -17688.6%)
• Buying back stockNet buyback — share count -98%/yr over 1y