CFO Thomasian buys 11,216 shares across 2 transactions (~$40.0K) at blended $3.57 amid 30-day decline of -23.5% and company-wide losses.
CFO Harry Thomasian Jr. executed 2 separate purchases totaling 11,216 shares for $40,015.52 at an average price of $3.57 per share on consecutive dates (2025-09-25 and 2025-09-26). This purchase occurred as the stock declined 23.5% over the preceding 30 days and now trades 26.3% below its 52-week high of $4.76. The company is unprofitable with a net loss of $26,642,000.00 in its most recent full fiscal year and reported a revenue decline of -74.1% year-over-year in the latest quarter (revenue $1.8M). The insider's post-transaction holdings of 468,626 shares represent a 2.5% increase relative to pre-transaction holdings of 457,410 shares. This acquisition by the CFO of a cash-burning company with deteriorating fundamentals—during a period of significant negative price momentum—requires close scrutiny of the company's strategic position and cash runway.