Home / Going-concern warnings / FRACTYL HEALTH, INC.
Filed 2025-05-13 路 Form 10-Q 路 Accession 0000950170-25-070275 micro
Price before filing: $20.52 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $88.4M (2025-05-13) 路 Latest: $20.5M (2026-10-16)
| Window | GUTS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +26.9% | +3.6% | +23.3% | 2025-06-12 |
| 90 days | -42.9% | +9.4% | -52.3% | 2025-08-11 |
| 180 days | -34.5% | +17.6% | -52.1% | 2025-11-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 5 insiders bought $103K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-13 | BRADLEY WILLIAM Director | Purchase | 16,129 | $1.26 | $20K | no | Form 4 |
| 2025-03-13 | Conaway Samuel Director | Purchase | 8,550 | $1.17 | $10K | no | Form 4 |
| 2025-03-13 | SCHULMAN AMY W Director | Purchase | 8,550 | $1.17 | $10K | no | Form 4 |
| 2025-03-14 | Barnes Kelly Ann Director | Purchase | 31,000 | $1.30 | $40K | no | Form 4 |
| 2025-03-14 | Royan Ajay Director, 10% owner | Purchase | 17,901 | $1.28 | $23K | no | Form 4 |
| 2025-05-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-12 to 2025-06-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As noted elsewhere in this Quarterly Report on Form 10-Q, we have identified conditions and events that raise substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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