Home / Going-concern warnings / Summit Networks Inc.
Filed 2026-04-24 路 Form 10-K 路 Accession 0001091818-26-000053 nano
Price before filing: $0.13 (2026-04-23 close, split/dividend-adjusted)
Market cap at flag: $9.0M (2026-04-24) 路 Latest: $9.0M (2026-10-12)
| Window | SNTW | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +15.4% | +5.9% | +9.4% | 2026-05-26 |
| 90 days | +0.8% | +4.5% | -3.7% | 2026-07-23 |
| 180 days | pending | pending | until 2026-10-21 |
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 2026-01-24 to 2026-05-24. 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.
"These events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast 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: Mao & Ying LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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