Home / Going-concern warnings / HeartBeam, Inc.
Filed 2026-05-13 路 Form 10-Q 路 Accession 0001193125-26-221565 nano
Price before filing: $0.9116 (2026-05-12 close, split/dividend-adjusted)
Market cap at flag: $41.0M (2026-05-13) 路 Latest: $23.0M (2026-10-16)
| Window | BEAT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -16.9% | +0.5% | -17.4% | 2026-06-12 |
| 90 days | -35.6% | +4.7% | -40.3% | 2026-08-11 |
| 180 days | pending | pending | until 2026-11-09 |
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: 8 insiders bought $901K (8 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-16 | Cruickshank Tim CFO | Purchase | 31,250 | $0.80 | $25K | no | Form 4 |
| 2026-04-16 | ENO Robert Paul President | Purchase | 12,500 | $0.80 | $10K | no | Form 4 |
| 2026-04-16 | Elfrink Willem Director | Purchase | 187,500 | $0.80 | $150K | no | Form 4 |
| 2026-04-16 | Ferrari Richard Director | Purchase | 57,500 | $0.80 | $46K | no | Form 4/A |
| 2026-04-16 | JAFF MICHAEL R Director | Purchase | 31,250 | $0.80 | $25K | no | Form 4 |
| 2026-04-16 | Ortigas-Wedekind Marga Director | Purchase | 25,000 | $0.80 | $20K | no | Form 4 |
| 2026-04-16 | STROME MARK E Director | Purchase | 750,000 | $0.80 | $600K | no | Form 4 |
| 2026-04-16 | Vajdic Branislav Director | Purchase | 31,250 | $0.80 | $25K | no | Form 4 |
| 2026-05-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-12 to 2026-06-12. 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 regarding the Company's 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 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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