Director Farrell Matthew purchases 100,000 shares at blended avg $2.40 over 3 days; stock down -64.2% from 52-week high
Matthew Farrell executed 3 separate purchases totaling 100,000 shares for $240,027.82 over three consecutive trading days (August 12–14, 2025), raising his holding from 150,225 shares to 250,225 shares—a 66.6% increase in position size. The stock is currently trading at $2.43, down -64.2% from its 52-week high of $6.79 and off -14.4% over the past 30 days. At the same ticker, Farrell's sole prior buy (December 2023) posted a -27.9% return over 90 days, and his cross-ticker buy history shows 0 of 1 prior buys well-timed at the 90-day mark. The company is unprofitable—posting a net loss of $105,500,000 on revenue of $784,300,000 in the latest quarter—and faces declining revenues year-over-year (-4.4%). The scale and timing of this accumulation against a depressed price backdrop, combined with Farrell's unsuccessful prior buy at this same ticker and the company's negative earnings profile, merits investor scrutiny of the rationale behind this substantial position increase.