Home / Going-concern warnings / Envoy Medical, Inc.
Filed 2025-07-31 路 Form 10-Q 路 Accession 0001213900-25-069663 nano
Price before filing: $1.56 (2025-07-30 close, split/dividend-adjusted)
Market cap at flag: $28.6M (2025-07-31) 路 Latest: $69.5M (2026-10-16)
| Window | COCH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -17.3% | +0.9% | -18.2% | 2025-09-02 |
| 90 days | -49.7% | +8.6% | -58.4% | 2025-10-29 |
| 180 days | -57.1% | +10.2% | -67.3% | 2026-01-27 |
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 $101K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-06-06 | Patel Mona Chetan Director | Purchase | 10,000 | $1.46 | $15K | no | Form 4 |
| 2025-06-11 | Patel Mona Chetan Director | Purchase | 2,500 | $1.47 | $4K | no | Form 4 |
| 2025-07-31: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-02 to 2025-08-30. 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 2025-06-30)
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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