Premium Catering (Holdings) Ltd

Going-concern Singapore catering micro-cap with deep losses, collapsing revenue, and near-immediate cash exhaustion.

Strengths

• Working capital surplus and high current ratio after recent offerings
• Long-standing dormitory meal-service operations in Singapore

Risks

• Explicit going-concern doubt, net margin -126%, and only ~0.5 quarters of cash runway
• Revenue fell 17%, Nasdaq listing deficiencies, 1-for-9 reverse split, and a dilutive $0.50 best-efforts offering

Notable findings

• Going concernAs discussed in Note 2 to our audited financial statements included in this Annual Report, our Company has incurred losses and has negative cash flows from operations that raise substantial doubt abou
• Net lossNet loss (net margin -126.6%)
• Cash burnNegative free cash flow (-11.4M)
• Revenue declineRevenue -12.2% YoY