Home / Going-concern warnings / TALPHERA, INC.
Filed 2025-05-14 路 Form 10-Q 路 Accession 0001437749-25-016898 nano
Price before filing: $0.5199 (2025-05-13 close, split/dividend-adjusted)
Market cap at flag: $17.6M (2025-05-14) 路 Latest: $81.6M (2026-10-16)
| Window | TLPH | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -5.8% | +1.7% | -7.5% | 2025-06-13 |
| 90 days | -19.2% | +9.8% | -29.0% | 2025-08-12 |
| 180 days | +144.3% | +16.8% | +127.5% | 2025-11-10 |
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: 1 insider bought $125K (1 purchase)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-02 | Angotti Vincent J. CHIEF EXECUTIVE OFFICER, Director | Purchase | 213,310 | $0.59 | $125K | no | Form 4 |
| 2025-05-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-13 to 2025-06-13. 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 conditions 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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