Home / Going-concern warnings / QUANTUM CORP /DE/
Filed 2025-09-11 路 Form 10-Q 路 Accession 0000709283-25-000045 micro
Price before filing: $8.57 (2025-09-10 close, split/dividend-adjusted)
Market cap at flag: $80.2M (2025-09-11) 路 Latest: $406.3M (2026-10-16)
| Window | QMCO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +37.7% | +1.9% | +35.7% | 2025-10-13 |
| 90 days | +10.7% | +5.7% | +5.0% | 2025-12-10 |
| 180 days | -35.6% | +4.4% | -40.0% | 2026-03-10 |
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: 2 insiders sold $42K (4 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-11: red flag filed | |||||||
| 2025-09-12 | Nash Laura A. Chief Accounting Officer | Sale | 284 | $7.40 | $2K | no | Form 4 |
| 2025-10-01 | Nash Laura A. Chief Accounting Officer | Sale | 118 | $9.91 | $1K | no | Form 4 |
| 2025-10-02 | Meyrath Hugues President & CEO, Director | Sale | 2,975 | $10.86 | $32K | no | Form 4 |
| 2025-10-02 | Nash Laura A. Chief Accounting Officer | Sale | 611 | $10.86 | $7K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-13 to 2025-10-11. 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.
"However, substantial doubt about the Company's ability to continue as a going concern exists."
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 2025-06-30)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change, Late annual report (NT 10-K), Late quarterly report (NT 10-Q), Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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