$3.45M in cash hasn't erased going-concern doubt at Bio Green Med Solution (BGMS).

Bio Green Med Solution (BGMS) reported $1.567 million in fire-safety revenue for the nine months ended September 30, 2026, and held $3.454 million in cash, which management expects to fund operations into Q2 2027. Despite this, the company concluded there was substantial doubt about its ability to continue as a going concern due to past losses and dependence on future financing. BGMS also faces potential delisting from Nasdaq due to not meeting the minimum $1.00 bid-price requirement and is pursuing a reverse acquisition with Future NRG Sdn. Bhd., which would result in current shareholders owning less than 1% of the combined entity.