Home / Going-concern warnings / Optimum Communications, Inc.
Filed 2026-08-06 路 Form 10-Q 路 Accession 0001702780-26-000048 small
Price before filing: $0.7841 (2026-08-05 close, split/dividend-adjusted)
Market cap at flag: $358.6M (2026-08-06) 路 Latest: $402.3M (2026-10-16)
| Window | OPTU | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +26.0% | -0.5% | +26.5% | 2026-09-08 |
| 90 days | pending | pending | until 2026-11-04 | |
| 180 days | pending | pending | until 2027-02-02 |
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 sold $55K (3 sales); 2 insiders bought $1.5M (6 purchases)
30 days after: 2 insiders bought $3.4M (10 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Olsen Michael General Counsel and CCRO | Sale | 20,000 | $1.12 | $22K | yes | Form 4 |
| 2026-07-01 | Olsen Michael General Counsel and CCRO | Sale | 20,000 | $0.88 | $18K | yes | Form 4 |
| 2026-07-29 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 129,808 | $0.76 | $98K | no | Form 4 |
| 2026-07-29 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 129,808 | $0.76 | $98K | no | Form 4/A |
| 2026-07-30 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 732,279 | $0.74 | $544K | no | Form 4 |
| 2026-07-30 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 732,279 | $0.74 | $544K | no | Form 4/A |
| 2026-07-31 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 120,958 | $0.74 | $90K | no | Form 4 |
| 2026-07-31 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 120,958 | $0.74 | $90K | no | Form 4/A |
| 2026-08-03 | Olsen Michael General Counsel and CCRO | Sale | 20,000 | $0.74 | $15K | yes | Form 4 |
| 2026-08-06: red flag filed | |||||||
| 2026-08-19 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 1,291,471 | $0.84 | $1.1M | no | Form 4 |
| 2026-08-19 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 1,291,471 | $0.84 | $1.1M | no | Form 4/A |
| 2026-08-20 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 50,536 | $0.85 | $43K | no | Form 4 |
| 2026-08-20 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 50,536 | $0.85 | $43K | no | Form 4/A |
| 2026-08-21 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 535,191 | $0.85 | $453K | no | Form 4 |
| 2026-08-21 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 535,191 | $0.85 | $453K | no | Form 4/A |
| 2026-08-24 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 171,711 | $0.83 | $143K | no | Form 4 |
| 2026-08-24 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 171,711 | $0.83 | $143K | no | Form 4/A |
| 2026-08-25 | SUBIN NEIL S (+1 joint filer) 10% owner | Purchase | 400 | $0.85 | $340 | no | Form 4 |
| 2026-08-25 | SUBIN NEIL S (+3 joint filers) 10% owner | Purchase | 400 | $0.85 | $340 | 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 2026-05-08 to 2026-09-05. 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.
"Item 1A. Risk Factors We currently do not have the necessary cash on hand, projected future cash flows or committed financing to fund our obligations over the next twelve months, which raises substantial doubt about our 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 2026-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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