May. 15 at 9:59 PM
$FTHM here’s what I would be concerned about beyond the stock price languishing well under
$1 so long and in danger of being delisted :
The
$1.95 million NAR settlement payment due October 1, 2026, presents a notable liquidity concern, given financials:
As of September 30, 2025, FTHM reported cash, cash equivalents, and restricted cash totaling approximately
$5.121 million. The
$1.95 million payment represents a significant portion of this cash balance. The company has already recognized this amount as an "other long-term liability" on its balance sheet.
For the nine months ended September 30, 2025, the company reported net cash used in operating activities of $(8.633) million and a net loss of $(13.594) million. FTHM's operations have not been generating sufficient cash to cover its expenses.
FTHM's ability to meet the
$1.95 million payment by October 2026 will heavily depend on a substantial improvement in its operating cash flow or ability to secure yet more toxic financing.
