Home / Auditor changes / SANUWAVE Health, Inc.
Filed 2025-04-14 路 Form 8-K 路 Accession 0001628280-25-017706 micro
Price before filing: $29.92 (2025-04-11 close, split/dividend-adjusted)
Market cap at flag: $260.8M (2025-04-14) 路 Latest: $42.7M (2026-10-16)
| Window | SNWV | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +14.6% | +10.0% | +4.5% | 2025-05-14 |
| 90 days | +20.9% | +17.4% | +3.5% | 2025-07-14 |
| 180 days | +11.5% | +24.9% | -13.4% | 2025-10-13 |
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: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $204K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-14: red flag filed | |||||||
| 2025-04-29 | Opaleye Management Inc. 10% owner | Purchase | 5,000 | $25.49 | $127K | no | Form 4 |
| 2025-04-29 | Opaleye Management Inc. 10% owner | Purchase | 2,998 | $25.49 | $76K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-14 to 2025-05-14. 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.
"On April 10, 2025, Marcum resigned as the Company's independent registered public accounting firm, and on April 11, 2025, CBIZ CPAs was engaged to serve as the independent registered public accounting firm of the Company for the year ending December 31, 2025, effective beginning with the review of the Company's condensed consolidated financial statements for the quarter ended March 31, 2025 . The engagement of CBIZ..."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: resigned
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.
Why this score: auditor resigned; also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
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