Home / Going-concern warnings / FiEE, Inc.
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001829126-25-003706 nano
Price before filing: $2.03 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $10.2M (2025-05-15) 路 Latest: $30.0M (2026-10-16)
| Window | FIEE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +16.3% | +2.6% | +13.7% | 2025-06-16 |
| 90 days | +42.4% | +10.1% | +32.3% | 2025-08-13 |
| 180 days | +13.3% | +16.9% | -3.6% | 2025-11-11 |
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 $4.0M (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-09 | Bin Hu Director, 10% owner | Purchase | 853,659 | $1.64 | $1.4M | no | Form 4 |
| 2025-05-09 | Yu Cao Chief Financial Officer, Director, 10% owner | Purchase | 1,585,366 | $1.64 | check filing | no | Form 4 |
| 2025-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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.
"Based on these factors, management determined that there is substantial doubt regarding 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 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change, Non-reliance / restatement
Read the original filing on SEC.gov →
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