Home / Going-concern warnings / Laser Photonics Corp
Filed 2026-04-20 路 Form 10-K 路 Accession 0001493152-26-018110 nano
Price before filing: $1.15 (2026-04-17 close, split/dividend-adjusted)
Market cap at flag: $25.6M (2026-04-20) 路 Latest: $28.4M (2026-10-16)
| Window | LASE | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -24.3% | +4.4% | -28.6% | 2026-05-20 |
| 90 days | -5.2% | +4.8% | -10.0% | 2026-07-20 |
| 180 days | pending | pending | until 2026-10-17 |
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 $6K (2 sales); 1 insider bought $47K (5 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-20: red flag filed | |||||||
| 2026-04-25 | Lu Qing Director | Sale | 2,300 | $0.98 | $2K | no | Form 4 |
| 2026-04-25 | Lu Qing Director | Sale | 3,500 | $0.98 | $3K | no | Form 4 |
| 2026-04-27 | Lu Qing Director | Purchase | 3,500 | $0.61 | $2K | no | Form 4 |
| 2026-04-27 | Lu Qing Director | Purchase | 3,500 | $0.65 | $2K | no | Form 4 |
| 2026-04-29 | Lu Qing Director | Purchase | 15,000 | $0.64 | $10K | no | Form 4 |
| 2026-04-29 | Lu Qing Director | Purchase | 20,000 | $0.63 | $13K | no | Form 4 |
| 2026-04-30 | Lu Qing Director | Purchase | 27,000 | $0.75 | $20K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-01-20 to 2026-05-20. 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.
"As discussed in Note 1 to the consolidated financial statements, the Company has not earned sufficient revenue since inception and has sustained operating losses during the year ended December 31, 2024, which raises substantial doubt about its 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: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report; also within 90 days: Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.