Red Flags Detected

• ⚠ Material Weakness (new) — Company disclosed multiple material weaknesses in internal controls over financial reporting, reversing prior year's effective conclusion and exposing the firm to regulatory and litigation risk.
• ⚠ Goodwill Impairment (worsened) — Goodwill impairment surged from $108.5M in 2024 to $320.3M in 2025 due to sustained market cap decline below book value and revised long-term projections shortly after bankruptcy exit.
• ✓ Delisting (improved) — Company regained Nasdaq minimum bid price compliance in December 2025 after executing a 1-for-10 reverse stock split, though continued compliance remains uncertain.