Home / Going-concern warnings / Cosmos Health Inc.
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001477932-25-003730 nano
Price before filing: $0.447 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $12.8M (2025-05-15) 路 Latest: $19.9M (2026-10-16)
| Window | COSM | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -1.6% | +2.6% | -4.1% | 2025-06-16 |
| 90 days | +80.1% | +10.1% | +70.0% | 2025-08-13 |
| 180 days | +62.4% | +16.9% | +45.5% | 2025-11-11 |
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 bought $836K (8 purchases)
30 days after: 1 insider bought $260K (5 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-24 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 354,296 | $0.56 | $200K | no | Form 4 |
| 2025-03-03 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 132,572 | $0.49 | $65K | no | Form 4 |
| 2025-03-04 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 85,714 | $0.53 | $45K | no | Form 4 |
| 2025-04-21 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 654,912 | $0.32 | $208K | no | Form 4 |
| 2025-04-22 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 175,000 | $0.36 | $63K | no | Form 4 |
| 2025-04-23 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 205,000 | $0.40 | $82K | no | Form 4 |
| 2025-04-24 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 254,618 | $0.40 | $102K | no | Form 4 |
| 2025-04-24 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 177,234 | $0.40 | $71K | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
| 2025-05-19 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 79,254 | $0.43 | $34K | no | Form 4 |
| 2025-05-20 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 147,563 | $0.45 | $66K | no | Form 4 |
| 2025-05-21 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 174,172 | $0.47 | $82K | no | Form 4 |
| 2025-05-22 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 141,825 | $0.44 | $63K | no | Form 4 |
| 2025-05-23 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 34,004 | $0.45 | $15K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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.
"For the period ended March 31, 2025, the Company had revenue of $ 13,712,528 , net loss of $ 818,097 and net cash used in operations of $ 186,316 . Additionally, as of March 31, 2025, the Company had positive working capital of $ 1,259,012 , an accumulated deficit of $ 114,840,372 , and stockholders' equity of $ 25,951,712 . It is management's opinion that these conditions raise substantial doubt about the Company's..."
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 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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