AirBoss of America Risk Report

🛡️ Financial & Liquidity

AirBoss of America has shown significant activity in financing and financial management as the company continues to maneuver through varying market conditions. The company has been actively securing contracts and financing, with notable financial activities including government contracts and loans. Despite some financial risks highlighted, the company is accessed with multiple opportunities for growth.

• AirBoss received an $82.3 million U.S. government contract for defense products 🗓 January 30, 2025.
• On 🗓 December 10, 2024, the company secured a $55 million term loan to support its financial operations.
• A significant contract valued at $96 million was received from FEMA to aid in battling COVID-19 🗓 March 31, 2020.
• The company has been tagged with financial risks, despite managing a 25% stock rise in a week 🗓 September 17, 2024.
• AirBoss acquired Immediate Response Technologies for a deal sum of US$37 million 🗓 June 18, 2015.

⚖️ Legal & Regulatory

AirBoss of America faced potential legal challenges with a class action suit, indicating the importance of ongoing legal vigilance. This suggests a risk environment that the company must navigate carefully.

• A settlement was proposed for a class action suit challenging the company 🗓 May 7, 2024.

🏗️ Operational & Business Continuity

Operational challenges have been present, particularly with delayed shipments affecting projections, indicating the need for strategic management to ensure business continuity. These events highlight the operational risks the company must mitigate to maintain momentum.

• AirBoss revised their 2021 outlook due to delayed nitrile glove shipments, showcasing a tangible operational risk 🗓 January 4, 2022.

📜 Innovation & R&D

Innovation remains a strategic focus for AirBoss of America as they continue to expand their portfolio. This demonstrates their commitment to growth and market competitiveness through new technologies and advancements.

• The company unveiled high heat-resistant EPDM, showcasing advancements in technology 🗓 April 13, 2021.
• AirBoss made strides by developing a mixing site with innovation at its core 🗓 January 17, 2019.
• An innovation lab was added in Canada to bolster research and development efforts 🗓 March 6, 2019.