ScanTech AI Systems Inc. has released its results for the fiscal year ending December 31, 2024. The company reported a net loss of $23.0 million compared to a net loss of $35.4 million in 2023. The reduction in net loss was primarily due to an increase in key operating expenses. The company's mission is to develop and deploy security screening systems to enhance public safety. Despite the narrower net loss, ScanTech is facing significant challenges with liquidity. As of December 31, 2024, the company reported a cash balance of $0.02 million, down from $0.3 million at the end of 2023. This situation has raised substantial doubt about the company's ability to continue as a going concern over the next year. ScanTech has indicated that if they fail to secure additional funding or if their business falls short of expectations, they may need to take measures to improve their liquidity position, such as delaying or reducing their research and development programs or any future commercialization efforts.