Home / Going-concern warnings / Fluent, Inc.
Filed 2025-08-19 路 Form 10-Q 路 Accession 0001437749-25-027383 micro
Price before filing: $2.21 (2025-08-18 close, split/dividend-adjusted)
Market cap at flag: $55.9M (2025-08-19) 路 Latest: $85.8M (2026-10-16)
| Window | FLNT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -8.1% | +2.9% | -11.1% | 2025-09-18 |
| 90 days | -15.4% | +3.8% | -19.1% | 2025-11-17 |
| 180 days | +38.5% | +6.8% | +31.7% | 2026-02-17 |
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 $54K (2 sales)
30 days after: 1 insider sold $8K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-10 | Patrick Donald Huntley Chief Executive Officer | Sale | 1,353 | $1.81 | $2K | no | Form 4 |
| 2025-06-10 | Patrick Donald Huntley Chief Executive Officer | Sale | 28,172 | $1.81 | $51K | no | Form 4 |
| 2025-08-19: red flag filed | |||||||
| 2025-09-09 | Perfit Ryan MacNab Chief Financial Officer | Sale | 3,662 | $2.05 | $8K | no | Form 4/A |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-21 to 2025-09-18. 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.
"Except as set forth below, there have been no material changes to the risk factors previously disclosed in our 2024 Form 10-K as updated and supplemented by our Quarterly Reports on Form 10-Q. The risk factors below supplement or update the risk factors in our periodic reports filed with the SEC. There is 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 →
Not investment advice. Automated summary; verify against the filing.
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