Executive readout · one minute
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Substantial doubt about the company's ability to continue as a going concern.
“The Company's declining revenues, recurring operating losses and negative cash flows, and continued reduction in liquidity, raise substantial doubt about the Company's ability to continue as a going concern within one year after the issuance date of these condensed consolidated financial statements. The Company believes that if it successfully implements the foregoing strategic actions, it has a chance to mitigate the factors giving rise to substantial doubt; however, there is no guarantee that it will successfully implement these strategic actions. As a result, substantial doubt remains regarding the Company's ability to continue as a going concern.”View the 10-Q filed Nov 19, 2025
Earnings call · FY2023 Q3
Executive readout · one minute
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Forward guidance
5 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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From the 8-K filed May 11, 2023.
| Metric | Period | Guided | Basis | Actual |
|---|---|---|---|---|
|
Net sales
Lowered
fiscal year '23
|
$39.5M – $40.5M | — | $40.61M above | |
|
Net sales
Initiated
Q4 of fiscal year '23
|
$7.5M – $8.5M | — | $8.44M derived within | |
|
Quarterly net sales baseline
Initiated
fiscal year '24
|
$9.25M | — | $32.53M above | |
|
Selling, general, and administrative expenses as a percent of ne
Initiated
Q4 of fiscal year '23
|
35% – 40% | — | — | |
|
Expected cost reductions in selling, general, and administrative
Initiated
fiscal year 2024
|
$1.5M – $2M | — | — |
How the reported period landed and where the business moved.
SEC filing · Item 2.02
Filed May 11, 2023 · complete as-filed document
SEC periodic report
Filed May 11, 2023 · complete as-filed document