CFO Evans David Thomas buys 200,000 shares at blended $0.64 amid 81.7% decline from 52-week high, growing stake 169.6%.
David Thomas, the Chief Financial Officer, executed two separate purchases totaling 200,000 shares for $129,000.00 at a blended average price of $0.64. The current stock price of $0.60 stands -81.7% from the 52-week high of $3.28, and the company is trading at a market cap of $34,563,406.20 against quarterly revenue of $34,319,000.00 and a recent quarterly net loss of $-4,480,000.00. Thomas increased his holdings from 117,930 shares to 317,930 shares, a +169.6% increase in share count. The accumulation occurs as the company faces structural headwinds: annual revenue declined -16.2% year-over-year and the company was unprofitable over its most recent full fiscal year.