Home / Going-concern warnings / BIOVIE INC.
Filed 2025-08-15 路 Form 10-K 路 Accession 0001520138-25-000268 nano
Price before filing: $1.66 (2025-08-14 close, split/dividend-adjusted)
Market cap at flag: $8.6M (2025-08-15) 路 Latest: $9.1M (2026-10-16)
| Window | BIVI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +6.0% | +2.5% | +3.5% | 2025-09-15 |
| 90 days | -10.2% | +4.5% | -14.7% | 2025-11-13 |
| 180 days | -30.7% | +7.9% | -38.6% | 2026-02-11 |
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 5,000 shares (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-07 | DO CUONG V President & CEO, Director | Purchase | 5,000 | n/a | n/a | no | Form 4 |
| 2025-08-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-17 to 2025-09-14. 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.
"As discussed in Note 2 to the financial statements, the Company's recurring losses from operations and negative cash flows from operating activities raise substantial doubt about its 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.
Going-concern opinion issued by: EisnerAmper LLP
Source: independent auditor report in Form 10-K (period 2025-06-30)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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