Home / Going-concern warnings / Smartbird, Inc.
Filed 2026-08-19 路 Form 10-Q 路 Accession 0001437749-26-028446 nano
Price before filing: $2.11 (2026-08-18 close, split/dividend-adjusted)
Market cap at flag: $22.0M (2026-08-19) 路 Latest: $21.8M (2026-10-16)
| Window | BIRD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +9.0% | -0.5% | +9.5% | 2026-09-18 |
| 90 days | pending | pending | until 2026-11-17 | |
| 180 days | pending | pending | until 2027-02-15 | |
| 1 year | pending | pending | until 2027-08-19 |
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: 3 insiders sold $517K (3 sales)
30 days after: 2 insiders sold $183K (4 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-02 | Mitchell Ann Chief Financial Officer | Sale | 1,587 | $4.52 | $7K | no | Form 4 |
| 2026-06-02 | Vernachio Joseph Chief Executive Officer, Director | Sale | 3,359 | $4.47 | $15K | no | Form 4 |
| 2026-06-25 | Carlsten Nadia Catherine Chief Executive Officer, Director | Sale | 117,459 | $4.21 | $495K | no | Form 4 |
| 2026-08-19: red flag filed | |||||||
| 2026-08-25 | BOYCE RICHARD W Director | Sale | 9,200 | $2.38 | $22K | no | Form 4 |
| 2026-09-02 | Mitchell Ann Chief Financial Officer | Sale | 1,755 | $2.44 | $4K | no | Form 4 |
| 2026-09-18 | BOYCE RICHARD W Director | Sale | 48,277 | $2.31 | $112K | no | Form 4 |
| 2026-09-18 | Mitchell Ann Chief Financial Officer | Sale | 19,508 | $2.30 | $45K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-21 to 2026-09-18. 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.
"This, in conjunction with the implementation of cost-cutting measures and the AI Infrastructure Business strategy, alleviated the substantial doubt about the Company's ability to continue as a going concern for the twelve -month period following the issuance of these unaudited condensed consolidated financial statements."
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 2026-06-30)
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; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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