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Catheter Precision Makes NYSE American Section 610(b) Public Announcement

Key Takeaway: Catheter Precision, Inc. (VTAK) announced that its recent audit report included a going concern opinion, indicating doubts about its financial stability. This disclosure was made in compliance with NYSE American Company Guide Section 610(b) after the release of its annual report for 2024. The announcement does not alter the company's financial statements but highlights ongoing concerns regarding its fiscal health.
Price reaction · baseline $6.365 (2025-04-16 close) · hit after-hours · 1 other VTAK headline(s) in the window, move may be shared
day 0 close
-4.5%
day 1 · peak
-11.1%
day 3
-4.5%

Market Sentiment Analysis

CONCERNS & RISKS

  • The audit opinion includes a Substantial Doubt Regarding Going Concern paragraph.
  • This could indicate potential financial instability for Catheter Precision.
  • The announcement follows mandatory regulations which highlight concerns.

Full Press Release Details

Fort Mill, S.C., April 17, 2025 (GLOBE NEWSWIRE) -- -- Catheter Precision, Inc. (VTAK - NYSE/American), a US based medical device company focused on developing technologically advanced products for the cardiac electrophysiology market, announced today that, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2024, filed March 31, 2025, with the Securities and Exchange Commission, the audited financial statements contained an audit opinion from its independent registered public accounting firm that included a Substantial Doubt Regarding Going Concern paragraph. See further discussion in footnote 1 to the Company's consolidated financial statements included in the Company's Annual Report on Form 10-K.
This announcement is made pursuant to NYSE American Company Guide Section 610(b), which requires separate public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company's consolidated financial statements or to its Annual Report on Form 10-K for the year ended December 31, 2024.

Frequently Asked Questions

What company announced a substantial doubt regarding going concern?

Catheter Precision, Inc. disclosed a substantial doubt in its financial audit.

When was the financial report filed with the SEC?

The financial report was filed on March 31, 2025.

What does the announcement comply with?

The announcement complies with NYSE American Company Guide Section 610(b).

What does the audit opinion indicate?

The audit opinion included a substantial doubt regarding going concern.

Did this announcement amend the financial statements?

No, the announcement did not change the financial statements or the report.

Last updated: Apr 17, 2025