Check-Cap Ltd. Delays Annual Report Filing

Check-Cap ( (CHEK) ) has released a notification of late filing.

Check-Cap Ltd., a company based in Israel, has announced a delay in filing its Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the recent change in its independent registered public accounting firm, from Fahn Kanne & Co. to RBSM LLP. This transition required significant administrative efforts, including the transfer of supporting documentation, which has impacted the company’s ability to complete its financial statements on time. Check-Cap anticipates filing the report within the extension period allowed under Rule 12b-25. The company has indicated that there will be significant changes in its financial results, particularly in cash, cash equivalents, and net loss, due to strategic development plans and business combination transactions. Forward-looking statements have been issued, cautioning about potential risks and uncertainties. The notification was signed by Alan Lewis, the Chief Financial Officer, on May 1, 2025, highlighting the company’s commitment to ongoing compliance efforts.

Spark’s Take on CHEK Stock

According to Spark, TipRanks’ AI Analyst, CHEK is a Underperform.

Check-Cap’s overall score reflects its significant financial challenges, primarily due to a lack of revenue generation and persistent losses. While the technical analysis hints at possible recovery, the valuation is weak due to negative profitability indicators. The company’s strong equity position is a positive aspect, but without revenue, it faces substantial risks.

To see Spark’s full report on CHEK stock, click here.

More about Check-Cap

YTD Price Performance: -33.62%

Average Trading Volume: 171,091

Technical Sentiment Signal: Buy

Current Market Cap: $4.5M

For an in-depth examination of CHEK stock, go to TipRanks’ Stock Analysis page.