Golden Finance reported that Neon Machine, a developer of the crypto shooter "Shrapnel", is facing serious financial difficulties. As of now, the company has spent nearly $86.9 million in operating funds, and its revenue in 2024 reached $21.7 million, but the high operating costs of about $33 million have made it unable to make a profit, with a net loss of $11.4 million. Sources say Neon Machine has consumed as much as $2 million to $3.5 million per month and is currently in cash-drying state, with a large amount of outstanding debt and owing millions of dollars to external suppliers. The new round of financing that Neon Machine, which was originally scheduled to be completed in early 2025, has not been implemented. Previously, the company completed a US$20 million Series A financing in October 2023 and led by Polychain Capital.