Home / Going-concern warnings / Envoy Medical, Inc.
Filed 2025-05-01 路 Form 10-Q 路 Accession 0001213900-25-038468 nano
Price before filing: $1.42 (2025-04-30 close, split/dividend-adjusted)
Market cap at flag: $29.5M (2025-05-01) 路 Latest: $69.5M (2026-10-16)
| Window | COCH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +5.6% | +6.9% | -1.3% | 2025-06-02 |
| 90 days | +9.9% | +14.8% | -4.9% | 2025-07-30 |
| 180 days | -43.3% | +24.6% | -67.9% | 2025-10-28 |
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: 1 insider bought $82K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-01: red flag filed | |||||||
| 2025-05-22 | BRYNELSEN CHARLES Director | Purchase | 2,000 | $1.68 | $3K | no | Form 4 |
| 2025-05-23 | BRYNELSEN CHARLES Director | Purchase | 13,000 | $1.64 | $21K | no | Form 4 |
| 2025-05-27 | BRYNELSEN CHARLES Director | Purchase | 35,000 | $1.65 | $58K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-31 to 2025-05-31. 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 matters raise substantial doubt about 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 2025-03-31)
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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