Amesite 10-K: Going Concern Warning as Cash Dwindles to $2.4M
AMST sits 35% above its 52-week low of $0.77 on light trading volume (0.4× avg).
Summary
Amesite's 10-K reveals a going concern warning, a $3.1M annual loss, and only $2.4M in cash — enough for roughly one year of operations at current burn rates.
Key Events · Earnings and Guidance · AMST
-
Going Concern Warning
Management states substantial doubt about the company's ability to continue as a going concern for the next twelve months. The auditor's report also flags this uncertainty.
-
FY2026 Net Loss of $3.1M
Net loss of $3,095,838 on revenue of $364,777. Revenue grew from $110,459 in FY2025, but operating expenses of $3.5M dwarf revenue.
-
Cash Runway Under Pressure
Cash, cash equivalents, and restricted cash totaled $2,398,809 as of June 30, 2026. At FY2026 operating cash burn of $2.1M, this funds roughly one year of operations.
-
Massive Warrant Overhang
4,137,822 warrants outstanding with exercise prices from $1.435 to $3.75. Series A-1 and A-2 warrants (3.6M shares) became exercisable July 13, 2026 after stockholder approval.
Analysis · AMST · Technology
Amesite's annual report contains a going concern warning — management states it may not have enough cash to fund operations for the next twelve months. The company lost $3.1 million in FY2026 on just $365,000 of revenue, and its $2.4 million cash balance is roughly equal to one year of operating losses. The auditor's report also flags substantial doubt about the company's ability to continue. This is a critical survival signal for a micro-cap company already trading near $1 per share.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 41.9% of the 322 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AMST was trading at $1.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.8M. The 52-week trading range was $0.77 to $3.90. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.