Aug. 9 at 12:48 PM
$LUFFF financing cycle is getting ugly.
Raised ~
$2.1M in late 2025 → only ~
$197K cash left by year-end → ~
$133K by Q1. Then another ~
$312K came in from warrants.
Raise cash → pay debt/suppliers → burn cash → stretch A/P → raise again.
Q1 was disastrous:
Revenue -57% Q/Q, -35% Y/Y
Adj. EBITDA -
$488K
Net loss -
$846K
A/P + accruals ~
$3.7M
Unless earnings improve fast, you know what's coming!