Home / Going-concern warnings / HeartSciences Inc.
Filed 2025-09-11 路 Form 10-Q 路 Accession 0001468492-25-000010 nano
Price before filing: $3.31 (2025-09-10 close, split/dividend-adjusted)
Market cap at flag: $9.3M (2025-09-11) 路 Latest: $11.1M (2026-10-16)
| Window | HSCS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +8.2% | +1.9% | +6.2% | 2025-10-13 |
| 90 days | -20.8% | +5.7% | -26.6% | 2025-12-10 |
| 180 days | -21.1% | +4.4% | -25.6% | 2026-03-10 |
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: 1 insider sold $16K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-07-29 | HILZ MARK T COO, Secretary and Director, Director | Sale | 4,416 | $3.54 | $16K | no | Form 4 |
| 2025-09-11: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-13 to 2025-10-11. 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.
"These factors raise substantial doubt regarding 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 2025-07-31)
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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