Home / Going-concern warnings / Aterian, Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001437749-25-026526 nano
Price before filing: $1.3 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $10.7M (2025-08-13) 路 Latest: $5.1M (2026-10-16)
| Window | ATER | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -25.0% | +2.3% | -27.3% | 2025-09-12 |
| 90 days | -34.1% | +6.6% | -40.6% | 2025-11-11 |
| 180 days | -50.0% | +8.6% | -58.6% | 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: 5 insiders sold $176K (9 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-20 | Lepper Phillip Chief Commercial Officer | Sale | 27,532 | $1.65 | $45K | no | Form 4 |
| 2025-06-09 | KURTZ WILLIAM Director | Sale | 4,722 | $1.41 | $7K | no | Form 4 |
| 2025-06-10 | KURTZ WILLIAM Director | Sale | 5,000 | $1.39 | $7K | no | Form 4 |
| 2025-06-12 | Feldman Joshua O Chief Financial Officer | Sale | 15,322 | $1.32 | $20K | no | Form 4 |
| 2025-06-12 | Rodriguez Arturo Chief Executive Officer, Director | Sale | 46,052 | $1.32 | $61K | no | Form 4 |
| 2025-06-12 | Zahut Roi Zion Chief Technology Officer | Sale | 16,980 | $1.32 | $22K | no | Form 4 |
| 2025-06-13 | Feldman Joshua O Chief Financial Officer | Sale | 1,254 | $1.23 | $2K | no | Form 4 |
| 2025-06-13 | Rodriguez Arturo Chief Executive Officer, Director | Sale | 6,205 | $1.23 | $8K | no | Form 4 |
| 2025-06-13 | Zahut Roi Zion Chief Technology Officer | Sale | 3,900 | $1.23 | $5K | 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 uncertainties raise substantial doubt about our 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 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
🔔 Get email alerts for this company
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.