Home / Going-concern warnings / PALATIN TECHNOLOGIES INC
Filed 2025-09-23 路 Form 10-K 路 Accession 0001654954-25-011030 nano
Price before filing: $9.19 (2025-09-22 close, split/dividend-adjusted)
Market cap at flag: $9.8M (2025-09-23) 路 Latest: $23.6M (2026-10-16)
| Window | PTN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -35.8% | +0.7% | -36.5% | 2025-10-23 |
| 90 days | +67.1% | +3.0% | +64.1% | 2025-12-22 |
| 180 days | +124.0% | -1.2% | +125.2% | 2026-03-23 |
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: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-25 to 2025-10-23. 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 1 to the consolidated financial statements, the Company has incurred operating losses and negative cash flows from operations since inception and will need additional funding to complete its planned product development efforts that 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: KPMG 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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