CEO/interim CFO Joseph La Rosa bought 150,000 shares for $1,146,000.00 at $7.64, raising stake 495.5%; stock now -93.7% from 52-week high of $12960.00
Joseph La Rosa, serving as CEO and interim CFO, executed 2 separate purchases totaling 150,000 shares for $1,146,000.00 at $7.64 per share, increasing his holdings from 30,272 shares to 180,272 shares—a 495.5% increase in stake size. The timing is noteworthy: the current stock price of $811.00 represents a -93.7% decline from the 52-week high of $12960.00, and the stock has declined -22.1% over the prior 30 days. The company reported net income of $-95,716,579.00 and was unprofitable over its most recent full fiscal year, though annual revenue grew +118.7%. The CEO's substantial accumulation at significantly depressed valuations warrants close examination of whether this reflects confidence in recovery or other strategic considerations given the stark profitability challenges and price erosion.