Bonk, Inc. (BNKK), the Nasdaq-listed company formerly known as Safety Shot, reported first-half revenue of $5.5 million, up 6218% year over year, but posted a net loss of $7.88 million. Cash fell to $214,000 as of June 30, while operating cash outflow reached $4.17 million. Auditors M&K CPAS and management warned that the company faces substantial doubt about its ability to continue as a going concern. About $3.921 million, or 71% of revenue, came from a revenue-sharing arrangement tied to LetsBonk.fun, a Solana-based meme coin launchpad associated with founder Mitchell Rudy. Rudy controls about 40.2% of common stock through Lucky Dog Holdings and all 135,000 Series C preferred shares, which can elect half of the company’s directors. The company’s digital-asset holdings also fell in value, generating an $8.17 million unrealized loss that was the main driver of its net loss.