What's happening
- Shares hit an all-time low at $5.12, down 9.95% today and 20.08% on the week, capping a 75.42% one-year decline against a peer average of +0.51%.
- At least eight law firms filed or solicited plaintiffs for a securities class action covering February 25 to April 13, 2026, with a July 28, 2026 lead plaintiff deadline.
- The Q1 2026 print on May 5 missed at -$3.46 EPS versus -$2.72 estimate, and the stock has failed to recover the 7.6% post-earnings drop.
- Two 8-Ks filed on June 1 and June 5 coincide with the latest leg down and the litigation wave, pointing to disclosure events feeding the liquidity-crisis narrative.
- Gross margin of -95.6% and operating margin of -268.4% on TTM basis frame the cash burn underpinning current dilution fears.