Investors should be cautious due to the company's significant net losses and reliance on external funding. The secondary offering will not provide proceeds to the company, and the concentration of control with Chairman Ralston may limit shareholder influence.
Executive Summary
CitroTech Inc. is conducting a secondary offering to register resale of up to 8,068,569 shares of common stock by selling stockholders. The company operates in the environmentally sustainable specialty chemicals sector, focusing on fire inhibitors and retardants. It reported a significant net loss of $36.8 million in 2025 on revenue of $2.38 million, with operations funded through equity offerings and convertible debt. The company is controlled by its Chairman, Theodore Ralston, who holds super-voting preferred stock.
Key Financial Metrics
Key Facts
- CitroTech Inc. is registering resale of up to 8,068,569 shares of common stock by selling stockholders
- The company reported a net loss of $36.8 million in 2025 on revenue of $2.38 million
- The company is controlled by Chairman Theodore Ralston through super-voting preferred stock
- The company has incurred losses since inception and has an accumulated deficit of $113.2 million
- The company's operations are funded through equity offerings and convertible debt
Financial Impact
The company reported a net loss of $36.8 million in 2025 on revenue of $2.38 million, with an accumulated deficit of $113.2 million
Risk Factors
- The company has incurred losses since inception and cannot assure profitability
- The company is highly leveraged with convertible debt
- The company relies on a small management team
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001683168-26-002760 |
| Document: citro_ex0411.htm | 0001683168-26-002760 |
| Document: citro_ex107.htm | 0001683168-26-002760 |
| Document: citro_ex0501.htm | 0001683168-26-002760 |
| Document: citro_ex2301.htm | 0001683168-26-002760 |
| Document: 0001683168-26-002760-index-headers.html | 0001683168-26-002760 |
| Document: 0001683168-26-002760-index.html | 0001683168-26-002760 |
| Document: 0001683168-26-002760.txt | 0001683168-26-002760 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $2.65 | awaiting T+20 | — | $2.64 (+0.38%) |
Oct 22, 2026 4d ago | 424B4 | $2.65 | awaiting T+20 | — | $2.64 (+0.38%) |
Oct 21, 2026 6d ago | EFFECT | $2.64 | awaiting T+20 | — | $2.64 (+0.00%) |
Sep 28, 2026 28d ago | S-1 | $3.80 $2.64 | ▲ +30.53% | ▲ +30.50% | $2.64 (+30.53%) |
Sep 22, 2026 4w ago | Institutional Cluster | $4.60 $2.60 | ▼ −43.48% | ▼ −42.92% | $2.64 (−42.61%) |
Aug 10, 2026 11w ago | 10-Q/A | $5.84 $5.03 | ▲ +13.87% | ▲ +12.96% | $2.64 (+54.79%) |
Jun 17, 2026 18w ago | 8-K | $7.04 $4.71 | ▼ −33.10% | ▼ −33.63% | $2.64 (−62.50%) |
Jun 1, 2026 21w ago | 8-K | $6.92 $5.77 | ▼ −16.62% | ▼ −15.05% | $2.64 (−61.85%) |
Apr 21, 2026 26w ago | 8-K | $8.00 $6.55 | ▼ −18.13% | ▼ −23.04% | $2.64 (−67.00%) |
Apr 15, 2026 27w ago | EFFECT | $8.40 $6.83 | ▲ +18.69% | ▲ +24.73% | $2.64 (+68.57%) |
US Market Status
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