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.
"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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