Home / Going-concern warnings / SunPower Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001213900-25-075811 micro
Price before filing: $1.55 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $138.4M (2025-08-13) 路 Latest: $20.9M (2026-10-16)
| Window | SPWR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -0.6% | +2.3% | -2.9% | 2025-09-12 |
| 90 days | +18.1% | +6.6% | +11.5% | 2025-11-11 |
| 180 days | +8.4% | +8.6% | -0.2% | 2026-02-09 |
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: 1 insider sold $90K (4 sales); 1 insider bought $748K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-16 | Gishen Adam Director | Sale | 10,000 | $1.89 | $19K | no | Form 4 |
| 2025-05-16 | Gishen Adam Director | Sale | 7,743 | $1.89 | $15K | no | Form 4 |
| 2025-05-16 | Gishen Adam Director | Sale | 20,000 | $1.88 | $38K | no | Form 4 |
| 2025-05-19 | Gishen Adam Director | Sale | 10,000 | $1.92 | $19K | no | Form 4 |
| 2025-05-30 | Rodgers Thurman J Chief Executive Officer, Director, 10% owner | Purchase | 150,000 | $1.38 | $207K | no | Form 4 |
| 2025-06-02 | Rodgers Thurman J Chief Executive Officer, Director, 10% owner | Purchase | 10,589 | $1.49 | $16K | no | Form 4 |
| 2025-06-02 | Rodgers Thurman J Chief Executive Officer, Director, 10% owner | Purchase | 10,588 | $1.49 | $16K | no | Form 4 |
| 2025-06-03 | Rodgers Thurman J Chief Executive Officer, Director, 10% owner | Purchase | 303,000 | $1.68 | $509K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. 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.
"These conditions raise substantial doubt about the Company's 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 2025-06-29)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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