Shares of Helios and Matheson Analytics (HMNY), the parent company of MoviePass, fell to a new all-time low of $0.03 in early Wednesday trading following the release of disappointing Q2 results in which the company said it has “substantial doubt” it can continue as a going concern.

“Without raising additional capital, there is substantial doubt about the Company’s ability to continue as a going concern through August 14, 2019,” the company stated in its 10-Q filed with the Securities and Exchange Commission late Tuesday.

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After the close on Tuesday, the company reported a loss of $63.3 million, or $132.47 per diluted share, which may not be comparable to a single estimate of $275.00. In the same quarter last year, the company reported a loss of $5.2 million or $198.68 per share. In Q2 of 2017, the company had 26,283 shares versus 478,105 shares in Q2 2018.

Total revenue fell to $74.2 million from $1.1 million, missing the estimated $75 million.

Additionally, the company warned that it will incur net losses and have “significant” cash outflows for at least the next twelve months and without additional funding, it will be unable to meet its obligations within a year.

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