Home / Going-concern warnings / WEWARDS, INC.
Filed 2025-08-20 路 Form 10-K 路 Accession 0001079973-25-001354 micro
Price before filing: $2.11 (2025-08-19 close, split/dividend-adjusted)
Market cap at flag: $226.8M (2025-08-20) 路 Latest: $215.0M (2026-10-12)
| Window | WEWA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | +4.0% | -4.0% | 2025-09-19 |
| 90 days | +0.0% | +3.5% | -3.5% | 2025-11-18 |
| 180 days | +0.0% | +7.3% | -7.3% | 2026-02-17 |
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: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-22 to 2025-09-19. 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 discussed in Note 2 to the financial statements, the Company has suffered net losses from operations, has a net capital deficiency, and has negative cash flow from operations which raises substantial doubt about its 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.
Going-concern opinion issued by: M&K CPAS, PLLC
Source: independent auditor report in Form 10-K (period 2025-05-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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