Home / Going-concern warnings / CADIZ INC
Filed 2026-05-14 路 Form 10-Q 路 Accession 0001437749-26-017051 small
Price before filing: $4.69 (2026-05-13 close, split/dividend-adjusted)
Market cap at flag: $387.5M (2026-05-14) 路 Latest: $325.6M (2026-10-16)
| Window | CDZI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -17.7% | +1.7% | -19.4% | 2026-06-15 |
| 90 days | -26.0% | +4.3% | -30.3% | 2026-08-12 |
| 180 days | pending | pending | until 2026-11-10 |
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: no open-market insider sales or purchases reported.
30 days after: 1 insider sold $11K (1 sale); 1 insider bought $508K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-05-14: red flag filed | |||||||
| 2026-05-20 | Rivera Cathryn Chief Operating Officer | Sale | 2,500 | $4.33 | $11K | no | Form 4 |
| 2026-05-26 | O'Hara David Mark Director | Purchase | 110,865 | $4.58 | $508K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-13 to 2026-06-13. 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.
"Management evaluates the Company's liquidity to determine if there is a 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 2026-03-31)
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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