Pheton Holdings Ltd Class A Ordinary Shares

Revenue grew 16.7% to $523K driven by increased demand for Medical Auxiliary Supplies, but gross profit declined 14.1% to $327K and operating losses exploded to -$5.2M from public company costs, resulting in heavy cash burn and heightened liquidity risks.

Revenue breakdown: Sales Of FTTPS (74.8%), Sales Of Medical Auxiliary Supplies (14.4%), Contract Liabilities (10.8%).