CEO Cordonnier sold 197,855 shares (197.9K) at $13.29 on 2026-03-02; stock now -23.5% from 52-week high. Unprofitable company.
CEO Michael Cordonnier sold 197,855 shares (197.9K shares) at $13.29 on 2026-03-02, reducing his post-transaction holdings to 1,550,477 shares (1.55M shares)—an 11.3% reduction in his position. The company is unprofitable with a net income of $-8,526,000.00 ($-8.5M) in its most recent full fiscal year, yet reports strong revenue growth of +85.9% year-over-year and a market cap of $347,248,576.08 ($347.2M). The sale occurred at $13.29, while the current price of $12.99 is now 23.5% below the 52-week high of $16.99, and the stock has declined 9.8% over the past 90 days. This disposal by the CEO of a material stake in a loss-making, high-growth company warrants attention given the divergence between strong top-line expansion and significant bottom-line losses.