secwatch.observer — SEC 8-K summary
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Issuer:     Corvex, Inc. (MOVE)
CIK:        0001734750
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001213900-25-124005
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movano republishes FY2024 financials after reverse split; revenue $1.0M, going concern noted
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- Revenue of $1.0M in 2024 (first revenue) vs $0 in 2023; net loss $23.7M vs $29.3M.
- Accumulated deficit of $148.1M as of Dec 31, 2024; auditor expresses substantial doubt about going concern.
- Cash and cash equivalents $7.9M at Dec 31, 2024; negative operating cash flow of $22.5M in 2024.
- 1-for-10 reverse stock split effective Oct 10, 2025 reduced shares from ~8.3M to ~0.8M; all per-share data restated.
- Total operating expenses $25.2M in 2024, down from $29.7M in 2023; R&D spending decreased to $11.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734750/000121390025124005/0001213900-25-124005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734750/000121390025124005/ea0270216-8k425_movano.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-124005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer