Home / Going-concern warnings / Lucid Diagnostics Inc.
Filed 2025-05-13 · Form 10-Q · Accession 0001641172-25-009986 micro
Price before filing: $1.1 (2025-05-12 close, split/dividend-adjusted)
Market cap at flag: $117.8M (2025-05-13) · Latest: $87.5M (2026-10-16)
| Window | LUCD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +19.1% | +3.6% | +15.5% | 2025-06-12 |
| 90 days | -9.3% | +9.4% | -18.7% | 2025-08-11 |
| 180 days | -4.5% | +17.6% | -22.1% | 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: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $458K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-13: red flag filed | |||||||
| 2025-05-20 | Matheis Dennis Director | Purchase | 187,098 | $1.29 | $242K | no | Form 4/A |
| 2025-05-21 | Matheis Dennis Director | Purchase | 129,684 | $1.32 | $172K | no | Form 4/A |
| 2025-05-22 | Matheis Dennis Director | Purchase | 33,218 | $1.32 | $44K | no | Form 4/A |
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 about the Company's ability to continue as a going concern within one year after the date the accompanying unaudited condensed consolidated financial statements are issued. 5 Note 3 — Summary of Significant Accounting Policies Significant Accounting Policies The Company's significant accounting policies are as disclosed in the Company's Annual Report on Form 10-K for the year..."
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 →
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