Home / Going-concern warnings / High Roller Technologies, Inc.
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001437749-25-017174 nano
Price before filing: $2.6 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $21.3M (2025-05-15) 路 Latest: $53.1M (2026-10-16)
| Window | ROLR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -3.8% | +2.6% | -6.4% | 2025-06-16 |
| 90 days | -5.8% | +10.1% | -15.8% | 2025-08-13 |
| 180 days | -1.5% | +16.9% | -18.4% | 2025-11-11 |
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: 4 insiders bought $95K (4 purchases)
30 days after: 4 insiders bought $110K (7 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-25 | Bradtke Daniel Waldemar Director | Purchase | 5,900 | $3.53 | $21K | no | Form 4 |
| 2025-03-25 | Clemes Benjamin Michael Chief Executive Officer | Purchase | 4,000 | $3.14 | $13K | no | Form 4 |
| 2025-03-25 | Cribari Michael Director, 10% owner | Purchase | 3,263 | $3.73 | $12K | no | Form 4 |
| 2025-03-25 | Eachus Brandon Christopher Director, 10% owner | Purchase | 13,718 | $3.60 | $49K | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
| 2025-05-19 | Bradtke Daniel Waldemar Director | Purchase | 5,000 | $2.60 | $13K | no | Form 4 |
| 2025-05-19 | Clemes Benjamin Michael Chief Executive Officer | Purchase | 5,000 | $2.34 | $12K | no | Form 4 |
| 2025-05-20 | Cribari Michael Director, 10% owner | Purchase | 4,209 | $2.38 | $10K | no | Form 4 |
| 2025-05-22 | Clemes Benjamin Michael Chief Executive Officer | Purchase | 2,500 | $2.12 | $5K | no | Form 4 |
| 2025-05-22 | Eachus Brandon Christopher Director, 10% owner | Purchase | 25,000 | $2.00 | $50K | no | Form 4 |
| 2025-05-23 | Cribari Michael Director, 10% owner | Purchase | 3,897 | $2.51 | $10K | no | Form 4 |
| 2025-06-06 | Cribari Michael Director, 10% owner | Purchase | 3,433 | $3.04 | $10K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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.
"As a result of these factors, at March 31, 2025, management had concluded that there was 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 →
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