Firefly Neuroscience

The company reported cash of 9.226 million dollars at June 30, 2026 after raising capital, with operating cash outflow of about 3.7 million dollars in 1H26 and an explicit going‑concern warning.

While there is little traditional debt outstanding post 2025 note conversion, reliance on equity financing and warrants is high, leaving limited resilience if capital markets tighten. Runway at the first‑half burn rate is roughly a year from June 30, 2026, barring changes in burn or new financing.