Risk factors

The credit disclosure now reports $37.5 million outstanding and a syndicated facility with MidFirst and a second lender.

The risk section adds a Nasdaq equity shortfall: $194,000 versus the $2.5 million minimum, with a compliance plan filed and an extension requested through July 30, 2025.

Newly highlights tariffs on components and customer products imported from Vietnam, China and Mexico, including potential retaliatory measures.

Recurring losses and negative cash flow leave Pluri without resources for 12 months; it needs new capital to continue operating.

Losses and operating cash use rose; available cash and investments are forecast to fund plans for at least 12 months from financial-statement issuance.

Real-estate lending dominates: commercial real estate and multifamily loans are 35.7% of loans, with construction at another 12.7%.

The company is reviewing its portfolio while pursuing a pure-play better-for-you food strategy.

Losses rose to $39.2 million from $14.8 million, and the allowance for credit losses increased to $18.0 million from $5.9 million.

New U.S. tariffs and retaliatory measures could raise shipping costs and reduce cross-border volumes, which materially contribute to Radiant’s business.

Tariffs and retaliatory trade measures are newly identified as threats that could raise costs for eGain’s customers and suppliers and disrupt capital access.

New U.S. tariffs could raise sourcing costs or limit product availability, pressuring gross profit if supplier negotiations and price increases fail.

Cloud subscriptions are growing, reaching 61% of revenue in fiscal 2025, but carry lower gross margins than license revenue.