Home / Going-concern warnings / TALPHERA, INC.
Filed 2025-11-12 路 Form 10-Q 路 Accession 0001437749-25-034499 micro
Price before filing: $1.29 (2025-11-11 close, split/dividend-adjusted)
Market cap at flag: $54.7M (2025-11-12) 路 Latest: $81.6M (2026-10-16)
| Window | TLPH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -7.8% | -0.2% | -7.6% | 2025-12-12 |
| 90 days | -35.2% | +1.6% | -36.8% | 2026-02-10 |
| 180 days | -32.8% | +8.9% | -41.6% | 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.
"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 →
Not investment advice. Automated summary; verify against the filing.
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