Key Highlights

  • LiveWire is trading 41.13% lower at $0.94 after its third-quarter release flagged substantial doubt about going concern.
  • Cemtrex is trading 15.80% higher at $2.05 and SolarMax 13.70% higher at $4.97, and neither has a dated release.
  • YYForce is trading 20.18% lower and Lakewood-Amedex 19.47% lower, again with no dated release.
  • LiveWire's cash dropped to $39.9 million at September 30, 2026 from $82.8 million at year-end 2025.
  • SolarMax faces a December 21, 2026 Nasdaq compliance deadline tied to a $35.0 million market value requirement.

Which Going-Concern Stocks Are on the Move on October 29?

Five small companies carrying balance sheet warnings or heavy equity issuance are moving on Thursday, October 29, 2026. LiveWire (NYSE:LVWR) is trading 41.13% lower at $0.94 after its third-quarter release flagged substantial doubt about its ability to continue as a going concern. YYForce (NASDAQ:YFOR) is trading 20.18% lower at $0.1388 and Lakewood-Amedex Biotherapeutics (NASDAQ:LABT) 19.47% lower at $0.2295, with no dated company release for either. Cemtrex (NASDAQ:CETX) is trading 15.80% higher at $2.05 and SolarMax Technology (NASDAQ:SMXT) 13.70% higher at $4.97, again with no dated release.

Four have a going-concern statement in their most recent filings, whereas YYForce appears here because of its withdrawn outlook and equity raises. The sections follow the size of the move, from the largest percentage change, up or down, to the smallest.

LiveWire: What Do the Going-Concern Warning and Restructuring Committee Signal?

LiveWire shares are trading 41.13% lower at $0.94, and the implied prior close is near $1.60 (calculated). The third-quarter release issued the same day concluded that recurring losses, negative operating cash flow and limited liquidity raise substantial doubt about continuing as a going concern, and it pulled the 2026 operating loss guidance of $70 million to $80 million. The Milwaukee electric motorcycle maker is majority owned by Harley-Davidson (NYSE:HOG), and its board set up a Special Restructuring Committee on October 22, 2026.

Third-quarter revenue grew 38% to $7.9 million and the net loss narrowed to $18.6 million, yet cash fell to $39.9 million at September 30 from $82.8 million at year-end 2025. Liabilities of $109.4 million were above assets of $103.8 million. The quarterly report is due on or before November 9. Electric Motorcycles revenue climbed 178% to $2.7 million, and a $76.8 million related-party term loan matures in December 2027.

YYForce: Why Are Shares Down 20.18% After the Outlook Was Withdrawn?

YYForce shares are trading 20.18% lower at $0.1388, and the implied prior close is near $0.1739 (calculated). No dated company release came with the move. The disclosures summarized here carry no going-concern statement, so the Singapore-based workforce management provider belongs to this group because of its withdrawn full-year outlook, two reverse splits and equity raises.

Revenue for the first half of 2026 grew 26.8% to US$32.66 million, but gross margin slipped to 10.1% from 16.6% and the net loss was US$7.06 million. The company drew US$18.55 million from its At-The-Market program and plans to share an updated outlook with full-year results. Shares were quoted at $0.2150 on October 26, so the current price is about 35% under that level (calculated).

Lakewood-Amedex: What Do the Going-Concern Language and Resale Shares Mean for the Stock?

Lakewood-Amedex shares are trading 19.47% lower at $0.2295, and the implied prior close is near $0.285 (calculated). No dated release came with the move. Its quarterly report for June 30, 2026 states substantial doubt about continuing as a going concern, with cash of $2,584,774, $2.0 million in certificates of deposit and a second-quarter net loss of $3,772,008.

A filing dated September 18 registers up to 4,512,400 common shares for resale upon conversion of Series C preferred stock, and the company receives no proceeds from those sales. Management expects liquidity to carry operations into the first quarter of 2027, and the main program, Nu-3 gel, is in a Phase 2a study. The April 2026 private placement of Series C preferred brought in about $7.5 million gross.

Cemtrex: What Is Behind a 15.80% Gain With Going-Concern Doubt on File?

Cemtrex shares are trading 15.80% higher at $2.05, and the implied prior close is near $1.77 (calculated). No company release dated on or just before the session came with the rise. The quarterly filing for the period ended June 30, 2026 says net losses and $10.45 million of debt due within the next fiscal year raise substantial doubt about its ability to continue as a going concern.

Quarterly revenue grew about 8.7% to $18.44 million, and the net loss was $4.48 million, or $3.27 per share. Cash and equivalents stood at $7.97 million. The fiscal year ended on September 30, 2026, so full-year results are the next scheduled report. Revenue for nine months declined about 9.2% to $52.63 million, and nine-month interest expense was $13.8 million.

SolarMax Technology: Can Storage Contracts Offset the Going-Concern Warning?

SolarMax shares are trading 13.70% higher at $4.97, and the implied prior close is near $4.37 (calculated). No dated release came with the move. The solar and battery storage construction company reported second-quarter revenue up 49% to $10.2 million on October 8, with a net loss of $4.7 million that included a $4.3 million legal judgment expense.

Cash was $2.16 million at June 30, about $13.7 million of convertible notes are in default, and the filing states substantial doubt about continuing as a going concern. A Nasdaq minimum market value requirement of $35.0 million has a December 21, 2026 compliance deadline. About 90% of accounts receivable, or $16.1 million, was delayed.

Going-Concern Stocks Side by Side: Moves, Cash and Losses

LiveWire's 41.13% decline is 20.95 percentage points steeper than YYForce's 20.18% decline (calculated), while Cemtrex's 15.80% gain tops SolarMax's 13.70% by 2.10 percentage points (calculated). At $2.05, Cemtrex trades $2.92 under SolarMax at $4.97 (calculated).

Cash varies widely, although balance sheet dates differ. LiveWire held $39.9 million at September 30, compared with $7.97 million at Cemtrex, about US$3.08 million at YYForce, $2.58 million at Lakewood-Amedex and $2.16 million at SolarMax on June 30. LiveWire's figure is $37.74 million above SolarMax's (calculated).

SolarMax's second-quarter net loss of $4.7 million exceeds Lakewood-Amedex's $3.77 million by about $0.93 million (calculated).

What Comes Next: LiveWire's November 9 Filing and SolarMax's December 21 Deadline

LiveWire expects to submit its quarterly report on or before November 9, 2026, with more detail on liquidity and going concern. SolarMax has a December 21, 2026 Nasdaq compliance deadline and three signed storage contracts yet to begin work. Cemtrex's next scheduled report is fiscal year-end results, YYForce plans to give an updated outlook with full-year results, and the next Lakewood-Amedex filing covers the period ended September 30, 2026.