XIAO-I

Predictability is extremely low. TTM revenue to June 30, 2026 is approximately 1.86M dollars (2025 full year 12.33M minus 1H25 11.92M plus 1H26 1.46M), evidencing a dramatic contraction in run‑rate activity.

H1 2026 statements also disclose reduced operations, litigation over borrowings and going‑concern uncertainty, all of which cloud forward visibility. Component risks include VIE bankruptcy administration, potential delisting if MVPHS is not restored by February 1, 2027, and dependence on serial convertibles for liquidity.