CitroTech (CITR) investor relations material

Executive summary

• Transitioned from technology validation to early-stage commercialization, focusing on scalable, environmentally safer fire protection chemistry for wildfire prevention, infrastructure resilience, and building materials.

• Formed a 50/50 joint venture with Hexion (HexiTech LLC) in April 2026 to accelerate global commercialization of fire-resistant wood products.

• Focused on environmentally sustainable, non-toxic fire inhibitors for wildland and residential applications, with products recognized by EPA and UL GREENGUARD Gold.

• Expanding into textiles with a breakthrough polymer for wash-durable fire retardant fabrics, targeting industrial and safety applications.

• Revenue is highly seasonal and event-driven, with significant customer concentration and no established recurring customer base.

Financial highlights

• Ended Q1 2026 with $4.3 million in cash and cash equivalents, down from $6.3 million at year-end 2025.

• Revenue for Q1 2026 was $344,915, down 64% from $969,382 in Q1 2025 due to absence of major fire events.

• Net loss for Q1 2026 was $6.2 million, a 43% improvement from $10.9 million in Q1 2025, mainly due to reduced other expenses.

• Corporate debt retired following conversion to common shares by a major investor, strengthening the balance sheet.

• Working capital at March 31, 2026 was $2.8 million, down from $5.2 million at December 31, 2025.

Outlook and guidance

• Management believes current cash is insufficient for commercial-scale production and working capital needs for the next twelve months.

• Actively evaluating funding alternatives, including equity or debt issuance and strategic partnerships.

• Anticipates accelerated revenue growth as wildfire activity intensifies and commercial channels expand, but revenue expected to remain seasonal and event-driven until channel partner program matures.

• Plans to raise strategic funds for manufacturing scale, sales infrastructure, and supply chain development.

• Expects recurring revenue models to drive long-term growth across all three business pillars.