CitroTech (CITR) Registration filing summary

Company overview and business model

• Operates as an environmentally sustainable flame retardant and flame suppression company, primarily serving the residential home industry in the U.S. and Canada.

• Main product, CitroTech, is a non-toxic, food-grade fire retardant used for wildfire defense and lumber treatment, with applications for homeowners, developers, and fire departments.

• Holds 31 granted patents and 56 pending patent applications, with multiple certifications including EPA Safer Choice and UL GreenGuard Gold.

• Distribution is direct from Oceanside, CA, and through regional retailers; product is blended under the supervision of the CTO.

• Expanding into insurance partnerships to address wildfire risk in high-risk regions and developing proactive wildfire defense systems.

Financial performance and metrics

• Revenue for the three months ended March 31, 2025: $969,382, up 124% from $433,018 in the prior year period.

• Net loss for the three months ended March 31, 2025: $10.9 million, compared to $3.5 million in the prior year period.

• Revenue for the year ended December 31, 2024: $808,372, up 55% from $520,645 in 2023.

• Net loss for the year ended December 31, 2024: $6.9 million, improved from $10.1 million in 2023.

• As of March 31, 2025, cash was $3.7 million, with a working capital of $49,000 and accumulated deficit of $87.3 million.

Use of proceeds and capital allocation

• Net proceeds from the offering (approx. $13–15 million) will be allocated: 40% to working capital and general corporate purposes, 50% to production and inventory, and 10% to marketing.

• Management retains broad discretion over the use of proceeds.