Home / Going-concern warnings / HeartBeam, Inc.
Filed 2025-05-13 路 Form 10-Q 路 Accession 0001628280-25-025064 micro
Price before filing: $1.72 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $57.9M (2025-05-13) 路 Latest: $23.0M (2026-10-16)
| Window | BEAT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.0% | +3.6% | -14.6% | 2025-06-12 |
| 90 days | -45.2% | +9.4% | -54.6% | 2025-08-11 |
| 180 days | -1.7% | +17.6% | -19.3% | 2025-11-10 |
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: 2 insiders bought $80K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-14 | Cruickshank Tim CFO | Purchase | 17,647 | $1.70 | $30K | no | Form 4 |
| 2025-02-14 | Ferrari Richard Director | Purchase | 29,412 | $1.70 | $50K | no | Form 4 |
| 2025-05-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-12 to 2025-06-12. 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 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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