CDIO earnings analysis
What we found in CDIO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The extracted filing does not include the current-quarter income statement, balance sheet or cash-flow amounts, so quarter-over-quarter and year-over-year financial trends cannot be assessed from the available text. The company reported ineffective disclosure controls and a material weakness in segregation of duties that remained under remediation as of June 30, 2026. Listing risk is significant: market value was $4,912,719 versus a proposed $5 million Nasdaq threshold, although the rule was temporarily stayed on July 29, 2026.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Internal-control remediation underway
- Management is developing approval matrices requiring dual authorization for significant transactions, including payments above a specified threshold and general-ledger changes. The company is also exploring accounting software with built-in controls.
- No material litigation reported
- The company reported no material litigation as of June 30, 2026, stating that it was not party to litigation material to ongoing operations under Item 103.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Material weakness in financial controls
- Management concluded that disclosure controls and procedures were not effective. The company identified inadequate segregation of duties due to limited staff resources as a material weakness during the six months ended June 30, 2026; remediation had not been fully implemented or tested.
- Nasdaq listing risk
- A proposed Nasdaq standard would require at least $5 million of market value of listed securities, with suspension and delisting after 30 consecutive business days below the threshold. On August 6, 2026, the company’s market value was $4,912,719, based on a $1.66 closing price and 2,959,469 shares outstanding.
- Potential OTC trading consequences
- If delisted, the company expects its securities would trade on the OTC market, where it identifies risks including low liquidity, wider bid-ask spreads and reduced financial transparency. The filing states investors could have difficulty selling shares at their desired price, or at all.
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the extracted filing. The filing states that remediation efforts were ongoing and had not been fully implemented or tested as of June 30, 2026.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 15, 2026
- Cardio Diagnostics reported Q1 revenue of $2,680, marking a significant increase from $940 in the prior year, suggesting improved test adoption. However, operating expenses also grew, leading to a wider net loss of…
- 10-K · March 13, 2026
- Cardio Diagnostics reported 2025 revenue of $14,825 and a 2025 GAAP loss per share of $(3.71), with Q4 revenue of $3,555 and Q4 EPS of $(0.80). The company continues to commercialize its epigenetics-based tests (Epi+Gen…
- 10-Q · November 12, 2025
- Cardio Diagnostics reported Q3 2025 revenue of $2,855 and a net loss of $1,714,536 (EPS $(0.98)), with revenue down sharply versus the year-ago quarter ($6,580) and operating expenses remaining large ($1,714,452). Cash…
- 10-Q · May 15, 2025
- Cardio Diagnostics Holdings, Inc. reported a significant decline in revenues for Q1 2025, posting only $940 compared to $15,928 in Q1 2024. The company experienced substantial losses, with a reported EPS of -$0.97…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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