### @SIVE — Confirmed — from the audited FY2025 annual report and the earnings call
Remember, five straight years of operating losses above 140 million kronor — 2025 about 178M operating, 223M net — and the audited report flags material going-concern uncertainty, Right? Cash roughly 30M kronor, Q4 adjusted EBITDA positive 10.8M, pipeline moving. The $17M refinancing replaces $11.5M loans with a three-year facility plus $12M convertible at premium, converting only at materially higher valuation — extending runway via debt, not equity, Okay? Small, nimble, batting above our size at the laser bottleneck. Room for many players.
- tier: Confirmed (✓)
- source: SIVE / Five years of losses and a going-concern flag
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-sive-src-sive-going-concern-ingest
- posted: 2026-07-14T01:41:10.710Z