Financial Performance and Liquidity Crisis
Ocugen, Inc. (OCGN), operating as a small business, reported significant financial strain as of September 30, 2025 (Q3 filing period). The company faces substantial doubt regarding its ability to continue as a going concern within one year, necessitating immediate, significant additional capital.
Financial Metrics (9 Months Ended Sept 30, 2025):
- Cash Reserves: Decreased sharply to $32.6M (down from $58.5M at year-end 2024).
- Cash Burn: Net cash used in operations accelerated to $43.0M (vs. $31.8M YOY).
- **Lo