Home / Going-concern warnings / Fluent, Inc.
Filed 2026-03-31 · Form 10-K · Accession 0001437749-26-010679 micro
Price before filing: $3.12 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $99.0M (2026-03-31) · Latest: $85.8M (2026-10-16)
| Window | FLNT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +4.8% | +13.7% | -8.9% | 2026-04-30 |
| 90 days | +14.7% | +17.6% | -2.8% | 2026-06-29 |
| 180 days | -1.0% | +21.8% | -22.7% | 2026-09-28 |
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: 2 insiders bought $573K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-12 | GEYGAN JAMES Director, 10% owner | Purchase | 17,207 | $3.49 | $60K | no | Form 4 |
| 2026-03-12 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Purchase | 17,207 | $3.49 | $60K | no | Form 4 |
| 2026-03-13 | GEYGAN JAMES Director, 10% owner | Purchase | 65,148 | $3.47 | $226K | no | Form 4 |
| 2026-03-13 | GEYGAN JAMES Director, 10% owner | Purchase | 125 | $3.47 | $434 | no | Form 4 |
| 2026-03-13 | GLOBAL VALUE INVESTMENT CORP. 10% owner | Purchase | 65,148 | $3.47 | $226K | no | Form 4 |
| 2026-03-31: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-31 to 2026-04-30. 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.
"Risks Related to Our Business Risks Related to Our Financial Position ● 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-K (period 2025-12-31)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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