Home / Going-concern warnings / GeoVax Labs, Inc.
Filed 2025-05-01 路 Form 10-Q 路 Accession 0001437749-25-014083 nano
Price before filing: $25.25 (2025-04-30 close, split/dividend-adjusted)
Market cap at flag: $13.1M (2025-05-01) 路 Latest: $1.1M (2026-10-16)
| Window | GOVX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +3.0% | +6.9% | -3.9% | 2025-06-02 |
| 90 days | -24.2% | +14.8% | -39.0% | 2025-07-30 |
| 180 days | -40.7% | +24.6% | -65.3% | 2025-10-28 |
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: 4 insiders bought $34K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | Reynolds Mark CFO | Purchase | 6,800 | $1.08 | $7K | no | Form 4 |
| 2025-04-01 | DODD DAVID A President, CEO, Director | Purchase | 10,000 | $1.08 | $11K | no | Form 4 |
| 2025-04-10 | SPENCER JOHN N JR Director | Purchase | 10,000 | $0.98 | $10K | no | Form 4 |
| 2025-04-10 | Sharkey John W. VP, Business Development | Purchase | 6,000 | $0.99 | $6K | no | Form 4 |
| 2025-05-01: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-31 to 2025-05-31. 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 factors collectively 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 2025-03-31)
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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