Home / Going-concern warnings / Fluent, Inc.
Filed 2026-08-13 路 Form 10-Q 路 Accession 0001437749-26-027702 micro
Price before filing: $4.09 (2026-08-12 close, split/dividend-adjusted)
Market cap at flag: $132.2M (2026-08-13) 路 Latest: $85.8M (2026-10-16)
| Window | FLNT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -18.1% | -1.5% | -16.6% | 2026-09-14 |
| 90 days | pending | pending | until 2026-11-11 | |
| 180 days | pending | pending | until 2027-02-09 |
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 sold $75K (3 sales); 4 insiders bought $359K (5 purchases)
30 days after: 3 insiders sold $90K (11 sales); 1 insider bought $9K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-05-22 | Patrick Donald Huntley Chief Executive Officer | Sale | 19,230 | $2.58 | $50K | no | Form 4 |
| 2026-05-26 | Patrick Donald Huntley Chief Executive Officer | Sale | 286 | $2.48 | $711 | no | Form 4 |
| 2026-05-26 | Perfit Ryan MacNab Chief Financial Officer | Sale | 9,604 | $2.59 | $25K | no | Form 4 |
| 2026-06-01 | Conlin Matthew Chief Customer Officer, Director, 10% owner | Purchase | 5,000 | $2.07 | $10K | no | Form 4 |
| 2026-06-01 | Schulke Ryan Chief Strategy Officer, Director, 10% owner | Purchase | 5,000 | $2.07 | $10K | no | Form 4 |
| 2026-06-12 | GEYGAN JAMES Director, 10% owner | Purchase | 60,183 | $2.75 | $166K | no | Form 4 |
| 2026-06-12 | GEYGAN JAMES Director, 10% owner | Purchase | 1,185 | $2.78 | $3K | no | Form 4 |
| 2026-06-12 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Purchase | 61,368 | $2.75 | $169K | no | Form 4 |
| 2026-08-13: red flag filed | |||||||
| 2026-08-14 | GEYGAN JAMES Director, 10% owner | Sale | 600 | $4.15 | $2K | no | Form 4 |
| 2026-08-14 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Sale | 600 | $4.15 | $2K | no | Form 4 |
| 2026-08-17 | GEYGAN JAMES Director, 10% owner | Sale | 500 | $4.05 | $2K | no | Form 4 |
| 2026-08-17 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Sale | 500 | $4.05 | $2K | no | Form 4 |
| 2026-08-25 | GEYGAN JAMES Director, 10% owner | Sale | 2 | $4.15 | $8 | no | Form 4 |
| 2026-08-25 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Sale | 2 | $4.15 | $8 | no | Form 4 |
| 2026-08-28 | GEYGAN JAMES Director, 10% owner | Sale | 665 | $3.58 | $2K | no | Form 4 |
| 2026-08-28 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Sale | 665 | $3.58 | $2K | no | Form 4 |
| 2026-09-01 | GEYGAN JAMES Director, 10% owner | Sale | 148 | $3.23 | $478 | no | Form 4 |
| 2026-09-01 | GLOBAL VALUE INVESTMENT CORP. (+5 joint filers) 10% owner | Sale | 148 | $3.23 | $478 | no | Form 4 |
| 2026-09-04 | Schulke Ryan Chief Strategy Officer, Director, 10% owner | Purchase | 2,823 | $3.08 | $9K | no | Form 4 |
| 2026-09-10 | Graff David Allen Director | Sale | 25,000 | $3.00 | $75K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-15 to 2026-09-12. 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.
"Based upon the foregoing, management has concluded that there is 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 2026-06-30)
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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