CFO Stephen Furlong sold 200,000 shares (32.8% of holdings) at blended avg $4.27 for $853,280.60
Stephen Furlong, EVP, CFO and Treasurer, executed 2 separate sales on May 12–13, 2025, totaling 200,000 shares (200.0K shares) for $853,280.60 at a blended average price of $4.27, reducing his stake from 610,053 shares to 410,053 shares post-transaction. This represents a substantial reduction of 32.8% of his pre-transaction holdings. Notably, the company reported a net income of $-12,675,000.00 (negative $12.7M) for its latest quarter and was unprofitable over its most recent full fiscal year, despite 5.0% annual revenue growth. The stock has declined 20.7% from its 52-week high of $5.42 but has gained 12.9% over the past 30 days and 10.3% over the past 90 days, suggesting recent momentum. The magnitude of the reduction in the CFO's personal stake warrants investor attention, particularly given the company's ongoing profitability challenges.