Home / Going-concern warnings / MILESTONE SCIENTIFIC INC.
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001437749-25-017171 micro
Price before filing: $0.8901 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $76.3M (2025-05-15) 路 Latest: $30.4M (2026-10-16)
| Window | MLSS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -1.1% | +2.6% | -3.7% | 2025-06-16 |
| 90 days | -32.4% | +10.1% | -42.5% | 2025-08-13 |
| 180 days | -58.3% | +16.9% | -75.2% | 2025-11-11 |
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 sold $197K (11 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-15: red flag filed | |||||||
| 2025-05-28 | BP4 S.r.l. 10% owner | Sale | 14,256 | $0.96 | $14K | no | Form 4 |
| 2025-05-29 | BP4 S.r.l. 10% owner | Sale | 3,361 | $0.96 | $3K | no | Form 4 |
| 2025-05-30 | BP4 S.r.l. 10% owner | Sale | 12,118 | $0.93 | $11K | no | Form 4 |
| 2025-06-02 | BP4 S.r.l. 10% owner | Sale | 10,000 | $0.95 | $9K | no | Form 4 |
| 2025-06-03 | BP4 S.r.l. 10% owner | Sale | 8,000 | $0.94 | $7K | no | Form 4 |
| 2025-06-04 | BP4 S.r.l. 10% owner | Sale | 6,000 | $0.91 | $5K | no | Form 4 |
| 2025-06-05 | BP4 S.r.l. 10% owner | Sale | 26,855 | $0.91 | $24K | no | Form 4 |
| 2025-06-06 | BP4 S.r.l. 10% owner | Sale | 60,200 | $0.90 | $54K | no | Form 4 |
| 2025-06-09 | BP4 S.r.l. 10% owner | Sale | 20,266 | $0.91 | $18K | no | Form 4 |
| 2025-06-10 | BP4 S.r.l. 10% owner | Sale | 30,100 | $0.91 | $27K | no | Form 4 |
| 2025-06-11 | BP4 S.r.l. 10% owner | Sale | 23,797 | $0.90 | $21K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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