Capital ConstraintsZIVO had cash and equivalents of $140K and debt of $0.7M, and is expected to burn an average of $1.3M per quarter through 2024, relying primarily on private offerings, a regulation A offering, or high interest loans for capital.
Financial PerformanceZIVO reported revenue below estimates, with operating expenses above expectations and a wider GAAP loss-per-share.
Potential AgreementsThere is a risk that a development and licensing deal does not come to fruition, and even if signed, it may not address concerns regarding the balance sheet and access to capital.