Home / Going-concern warnings / Vaxart, Inc.
Filed 2025-11-13 路 Form 10-Q 路 Accession 0001437749-25-034840 micro
Price before filing: $0.36 (2025-11-12 close, split/dividend-adjusted)
Market cap at flag: $85.2M (2025-11-13) 路 Latest: $107.8M (2026-10-16)
| Window | VXRT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | -0.4% | +0.4% | 2025-12-15 |
| 90 days | +58.3% | +1.6% | +56.8% | 2026-02-11 |
| 180 days | +88.9% | +8.6% | +80.3% | 2026-05-12 |
| 1 year | pending | pending | until 2026-11-13 |
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 bought $36K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-15 | Finney Kevin Director | Purchase | 50,000 | $0.35 | $18K | no | Form 4 |
| 2025-08-15 | Finney Kevin Director | Purchase | 50,000 | $0.37 | $18K | no | Form 4 |
| 2025-11-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-15 to 2025-12-13. 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.
"Accordingly, management concluded that the conditions and events that previously raised substantial doubt about the Company's ability to continue as a going concern have been alleviated."
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding; quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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