OpGen ( (OPGN) ) has released a notification of late filing.
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OpGen, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the company’s scaled-down operations to conserve cash and focus on strategic alternatives, resulting in limited resources and personnel. This has led to delays in compiling and finalizing necessary accounting and financial documentation. The company expects to file the report within five calendar days following the prescribed due date. OpGen anticipates significant changes in its financial results compared to the previous year, although a precise estimate is not yet available. The company is actively working on its compliance efforts, as indicated by the signature of Chairman and CEO John Tan Honjian on the notification.
Spark’s Take on OPGN Stock
According to Spark, TipRanks’ AI Analyst, OPGN is a Underperform.
OpGen’s overall stock score is low due to significant financial challenges, including declining revenues, negative profitability, and reliance on external financing. Technical indicators suggest a bearish trend with potential overbought conditions, and valuation metrics highlight unprofitability. These factors collectively indicate substantial risk and uncertainty in the company’s near-term performance.
To see Spark’s full report on OPGN stock, click here.
More about OpGen
Average Trading Volume: 13,492
Technical Sentiment Signal: Hold
Current Market Cap: $47.32M
Learn more about OPGN stock on TipRanks’ Stock Analysis page.