Home / Going-concern warnings / FIREFLY NEUROSCIENCE, INC.
Filed 2025-11-12 路 Form 10-Q 路 Accession 0001213900-25-108474 nano
Price before filing: $1.65 (2025-11-11 close, split/dividend-adjusted)
Market cap at flag: $23.0M (2025-11-12) 路 Latest: $21.0M (2026-10-16)
| Window | AIFF | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -4.2% | -0.2% | -4.1% | 2025-12-12 |
| 90 days | -50.9% | +1.6% | -52.5% | 2026-02-10 |
| 180 days | +9.1% | +8.9% | +0.2% | 2026-05-11 |
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 $1.0M (10 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-10-09 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 30,126 | $2.94 | $89K | no | Form 4 |
| 2025-10-10 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 74,810 | $2.70 | $202K | no | Form 4 |
| 2025-10-13 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 32,136 | $2.65 | $85K | no | Form 4 |
| 2025-10-14 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 29,500 | $2.74 | $81K | no | Form 4 |
| 2025-10-15 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 17,500 | $2.74 | $48K | no | Form 4 |
| 2025-10-16 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 40,139 | $2.65 | $106K | no | Form 4 |
| 2025-10-17 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 45,036 | $2.55 | $115K | no | Form 4 |
| 2025-10-20 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 33,500 | $2.46 | $82K | no | Form 4 |
| 2025-10-21 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 19,222 | $2.40 | $46K | no | Form 4 |
| 2025-10-22 | Windsor Private Capital LP (+7 joint filers) 10% owner | Sale | 78,031 | $2.07 | $162K | no | Form 4 |
| 2025-11-12: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-14 to 2025-12-12. 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 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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