Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
9.90M | 5.50M | 5.82M | 2.55M | 2.31M | 693.00K |
Gross Profit | |||||
5.36M | 3.27M | 3.54M | 985.41K | 701.70K | 300.26K |
EBIT | |||||
-6.29M | -3.99M | -2.70M | -5.90M | -7.47M | -3.05M |
EBITDA | |||||
-5.97M | -3.99M | -3.27M | -5.86M | -7.41M | -3.17M |
Net Income Common Stockholders | |||||
-6.34M | -4.75M | -4.08M | -6.18M | -7.60M | -3.46M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
63.23K | 29.37K | 196.10K | 275.70K | 501.88K | 3.20M |
Total Assets | |||||
1.88M | 349.46K | 1.52M | 2.27M | 2.12M | 5.16M |
Total Debt | |||||
230.00K | 347.29K | 1.78M | 763.04K | 40.00K | 63.54K |
Net Debt | |||||
166.77K | 317.93K | 1.59M | 487.35K | -461.88K | -3.13M |
Total Liabilities | |||||
747.23K | 2.44M | 3.92M | 1.42M | 735.87K | 484.56K |
Stockholders Equity | |||||
1.13M | -2.10M | -2.40M | 848.35K | 1.39M | 4.68M |
Cash Flow | Free Cash Flow | ||||
-8.15M | -820.54K | 29.90K | -3.04M | -3.99M | -3.27M |
Operating Cash Flow | |||||
-8.15M | -820.54K | 50.34K | -3.03M | -3.99M | -3.27M |
Investing Cash Flow | |||||
-2.50K | 0.00 | -19.32K | -12.74K | 14.00K | 0.00 |
Financing Cash Flow | |||||
9.54M | 653.80K | -110.62K | 2.82M | 1.28M | 6.41M |
American Aires Inc. announced record preliminary results for Q4 2024 with a 135% year-over-year increase in revenue, reaching $8.8 million, and a gross profit margin improvement of 400 basis points to 63%, primarily due to cost-cutting strategies. The company provided 2025 guidance with expected sales between $28 million to $32 million and an EBITDA range of a $2 million loss to a $2 million profit. With a strong cash balance of $4.2 million, supported by revenue-based lending arrangements, the company is well-positioned for growth, focusing on advertising and marketing efficiencies, and has renegotiated costs to lower the cost of goods. The company’s strategic inventory investments and partnerships with lenders like ClearCo and Shopify Capital aim to support its growth plans by reducing capital costs and ensuring long-term financial sustainability.
American Aires has partnered with NHL star Max Domi to promote its EMF radiation protection technology, enhancing brand awareness in the sports world. Domi’s involvement, including becoming a shareholder, aligns with Aires’ strategy to connect with top athletes and sports leagues globally. The collaboration aims to showcase the benefits of Aires products for performance and wellness, boosting market presence.
American Aires Inc. reported a record-breaking holiday shopping season in 2024, with a 116% increase in year-over-year order volume, reaching $6.72 million. The company also improved its gross margin to 62%, thanks to effective cost-reduction measures and a favorable product mix. These results highlight the successful implementation of their sales strategy and marketing partnerships.
American Aires Inc. has partnered with ICP Securities Inc. to enhance trading liquidity and stability for its shares through automated market making services. This collaboration aims to optimize trading access for shareholders and align with Aires’ growth strategy. ICP will utilize its proprietary algorithm to correct supply and demand imbalances in Aires’ stock.
American Aires Inc. marked a major milestone by integrating its EMF radiation protection technology into the UFC Performance Institute, enhancing athlete care and performance. The partnership was celebrated with a symposium featuring top fighters, experts, and media, highlighting the UFC PI’s commitment to advanced training and recovery methods.