Home / Going-concern warnings / GENELUX Corp
Filed 2025-11-05 路 Form 10-Q 路 Accession 0001493152-25-020874 micro
Price before filing: $8.11 (2025-11-04 close, split/dividend-adjusted)
Market cap at flag: $291.5M (2025-11-05) 路 Latest: $108.8M (2026-10-16)
| Window | GNLX | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -42.8% | +1.5% | -44.3% | 2025-12-05 |
| 90 days | -66.5% | +2.4% | -68.9% | 2026-02-03 |
| 180 days | -64.9% | +6.9% | -71.8% | 2026-05-04 |
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 $6K (2 sales)
30 days after: 2 insiders sold $53K (3 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-21 | Smalling Ralph Head of Regulatory | Sale | 1,244 | $3.36 | $4K | no | Form 4 |
| 2025-09-03 | Smalling Ralph Head of Regulatory | Sale | 580 | $3.36 | $2K | no | Form 4 |
| 2025-11-05: red flag filed | |||||||
| 2025-11-17 | Smalling Ralph Head of Regulatory | Sale | 343 | $5.37 | $2K | no | Form 4 |
| 2025-12-01 | Thomas John Director | Sale | 10,000 | $5.00 | $50K | yes | Form 4 |
| 2025-12-05 | Smalling Ralph Head of Regulatory | Sale | 165 | $4.69 | $774 | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-07 to 2025-12-05. 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 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 2025-09-30)
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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