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This Week’s Most Actionable Corporate Events
Air Industries Group (AIRI) | Aerospace and Defense | $3.18 | $15.2mm
Contract Awards: Received two contracts totaling ~$6.9mm for Fixed Wing Landing Gear Components and Rotorcraft Components for Combat Helicopters, supporting aftermarket Maintenance, Repair, & Overhaul (MRO) of the fleet. These contracts bring total aftermarket bookings to over $13mm, or ~50% of new business since the end of Q1. Expanding aftermarket penetration is one of the company's primary goals for 2025 and beyond.
AmeraMex International, Inc. (AMMX) | Heavy Construction Machinery | $0.12 | $1.8mm
Purchase Orders: Received equipment orders totaling ~$1.7mm from new customers. The first order includes a refurbished Taylor Equipment loaded container handler shipping to a dry dock facility in Utah, while the second consists of a new LiuGong electric wheel loader and a LiuGong electric reach stacker. These orders follow last week’s update of ~$1.6mm in equipment orders across newly confirmed contracts, including both new and refurbished battery-electric and diesel platforms.
AmpliTech Group, Inc. (AMPG) | Electronic Components | $3.82 | $78.6mm
Purchase Orders: Received follow-on purchase orders exceeding $2.5mm from a Tier-1 North American mobile network operator (MNO), bringing cumulative orders to ~$18mm against the previously announced $40mm LOI. To date, the company has shipped over 2,000 ORAN 5G radios to this customer. Beyond fulfilling the LOI, the company sees clear opportunities to expand with additional MNOs expected to follow suit in deploying true ORAN 5G solutions.
BranchOut Food Inc. (BOF) | Packaged Foods and Meats | $2.25 | $26.5mm
Purchase Orders: Announced $1.17mm in new Pineapple Chip reorders from the nation’s largest warehouse club. The Midwest region placed a large reorder of ~$640,000 following exceptional week-one sales, while the Southeast region placed its fourth order of the year for $536,000, reflecting strong repeat demand. The company also strengthened its balance sheet by repaying $1.56mm in Senior Secured notes and making the final $500,000 payment on a loan tied to an EnWave machine.
Bri-Chem Corp. (BRY.TO) | Oil & Gas Equipment & Services | $0.25 | $6.6mm
Proxy Contest: Received an advance notice letter from Barry Hugghins, trustee for Cenatex Holdings, nominating four individuals to the Board. The company intends to set the Board size at four, making this a contested election. The Board has raised serious concerns about the experience and independence of the dissident nominees, arguing that Hugghins seeks full, unchecked control of the company despite owning only 14% and without paying a control premium, while the company’s nominees collectively hold ~15.6% of shares.
DarioHealth Corp. (DRIO) | Health Care Technology | $9.60 | $23.0mm
Contract Awards: Launched five new contracts with self-insured employers, including its largest employer client to date, with all five programs going live in Q2 and Q3. Management views employer contracts as a powerful driver of near-term growth. Building on these recent wins and prior announcements, and supported by a robust $67mm pipeline of opportunities across employers, health plans, and pharmaceutical clients, management remains confident in achieving ~40 new client signings by year-end, a 35% increase over 2024 and a meaningful step toward profitability.
FAT Brands Inc. (FAT) | Restaurants | $1.88 | $34.5mm
Management Change: Announced the return of Andrew (Andy) Wiederhorn as CEO, succeeding Ken Kuick and Taylor Wiederhorn, who had been serving as CoCEOs. Effective immediately, Ken will focus solely on his roles as CFO of the company and Twin Hospitality Group Inc. (NasdaqGM:TWNP), while Taylor will continue to serve as Chief Development Officer.
Greystone Logistics, Inc. (GLGI) | Commodity Chemicals | $1.17 | $31.9mm
Earnings Results: Announced FY25 results (FYE May), reporting net income of ~$1.9mm after preferred dividends of $428,713, with EBITDA of ~$10.0mm on sales of ~$57.9mm. The company reduced debt by ~$2.2mm and realigned its balance sheet, repurchasing $5mm in preferred stock in Q4 and eliminating the associated dividend expense. It has built a strong foundation and is pushing sales through the pipeline to add significant top-line, with current infrastructure positioned to capture enhanced margins on incremental sales.
Iveda Solutions, Inc. (IVDA) | Systems Software | $1.48 | $4.3mm
Product Launch: Announced the rollout of Natural Language Enhancement for IvedaAI, its flagship AI video analytics platform. The rollout is already generating commercial traction worldwide, including a strategic engagement with an undisclosed East Asian construction client, projected to add $1mm in additional revenue by year-end. This follows the April launch of automated camera discovery and scene configuration.