Cytodyn Inc (CYDY)

[justdafactss]

CYDY financial situation FACT---

Revenues

For the three and nine months ended February 28, 2021 and February 29, 2020, we had no activities that produced revenues from operations.

Going Concern

The consolidated accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying consolidated financial statements, the Company had losses for all periods presented. The Company incurred a net loss of approximately $44.0 million and $109.8 million for the three and nine months ended February 28, 2021, respectively, and has an accumulated deficit of approximately $466.0 million as of February 28, 2021. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1175680/000155837021004250/tmb-20210228x10q.htm