Home / Going-concern warnings / HeartBeam, Inc.
Filed 2026-03-12 路 Form 10-K 路 Accession 0001193125-26-104080 micro
Price before filing: $1.36 (2026-03-11 close, split/dividend-adjusted)
Market cap at flag: $59.7M (2026-03-12) 路 Latest: $23.0M (2026-10-16)
| Window | BEAT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.8% | +1.7% | -13.5% | 2026-04-13 |
| 90 days | -43.9% | +7.6% | -51.4% | 2026-06-10 |
| 180 days | -67.3% | +13.9% | -81.1% | 2026-09-08 |
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: 2 insiders sold $1.1M (3 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-12-17 | STROME MARK E 10% owner | Sale | 250,000 | $3.58 | $895K | no | Form 4 |
| 2025-12-17 | de Urioste George Director | Sale | 23,961 | $3.68 | $88K | no | Form 4 |
| 2025-12-18 | de Urioste George Director | Sale | 33,185 | $2.83 | $94K | no | Form 4 |
| 2026-03-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-12 to 2026-04-11. 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.
"Management and our independent registered public accounting firm has expressed 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-K (period 2025-12-31)
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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