Investors are almost always on the lookout for innovative companies, and one company that could be worth tracking at this point is American Aires Inc. (OTC:AAIRF). The company deserves credit for having developed advanced technology meant for providing protection against electromagnetic radiation and for optimizing health benefits. Last Thursday, the company came into focus after it announced the filing of the financial statements and management’s discussion and analysis (MD&A) for the fiscal year ended on December 31, 2023.
Additionally, the company also revealed some of the major performance metrics. The company noted that its team was a product of its performance in the fourth fiscal quarter of 2023, when it hit order volume of a record-breaking $3.7 million.
That had come about mainly due to the enhancements that had been made to the advertising and marketing strategies at American Airlines. Additionally, the increase in order volume also represented year-on-year growth of 53% from the $1.3 million that had been posted in the prior year quarter. The expenses on advertising and promotional expenses went up by only $0.3 million on a year-over-year basis. As the growth continued to rise, the marketing costs incurred by American Airlines actually went down 2% year over year.
More importantly, the record-breaking order volume had been achieved by the company at a time when there had been a shortage of available products, which had led to limited sales. However, the supply issue that had plagued the company and led to the reduction of available products had been resolved. The company had since been fully stocked with products owing to the negotiation of new terms with regards to supply. The higher volume of working capital resulting from the closure of $4 million worth of financing was a factor in the resolution of the issue.
