CitroTech (CITR) Registration filing summary

Company overview and business model

• Specializes in environmentally safe fire inhibitors for wildfire prevention, asset protection, and the wood products industry.

• Holds 31 granted patents and 56 pending applications, with multiple EPA and UL certifications.

• Products are made from food-grade, renewable ingredients and marketed to homeowners, developers, fire departments, and lumber companies.

• Distribution is direct from a California facility, with expansion into insurance partnerships for wildfire-prone regions.

• Recent acquisitions and IP purchases have expanded the technology and product portfolio.

Financial performance and metrics

• Revenue for the nine months ended September 30, 2025: $1.95 million, up from $0.74 million in the prior year period.

• Net loss for the same period: $30.7 million, compared to $5.1 million prior year, driven by increased operating and financing expenses.

• Year ended December 31, 2024: revenue $0.81 million, net loss $6.9 million, improved from $10.1 million loss in 2023.

• Cash as of September 30, 2025: $6.2 million; working capital of $4.3 million.

• Highly leveraged with $2.5 million in outstanding indebtedness as of December 31, 2025.

Use of proceeds and capital allocation

• No proceeds from resale by selling stockholders; proceeds from warrant exercises will fund R&D, commercialization, working capital, and expansion of the product portfolio.

• Recent equity and debt offerings raised $5.4 million (September 2025) and $2.7 million (October 2025).