Home / Going-concern warnings / DATASEA INC.
Filed 2025-09-26 路 Form 10-K 路 Accession 0001213900-25-092109 nano
Price before filing: $2.3 (2025-09-25 close, split/dividend-adjusted)
Market cap at flag: $16.1M (2025-09-26) 路 Latest: $5.6M (2026-10-16)
| Window | DTSS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -16.1% | +4.1% | -20.2% | 2025-10-27 |
| 90 days | -63.4% | +5.2% | -68.6% | 2025-12-26 |
| 180 days | -56.1% | +0.4% | -56.5% | 2026-03-25 |
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.
"As discussed in Note 2 to the consolidated financial statements, the Company has suffered recurring losses from operations, negative working capital, and accumulated deficit, which raise 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: Kreit & Chiu CPA LLP
Source: independent auditor report in Form 10-K (period 2025-06-30)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.