Business
American Aires Announces Record Q4 and Annual 2024 Order Volume
Q4 Revenue: $8.6M for 130%7 YoY growthQ4 Gross Profit Margin: up 400 basis points to 63%7 on cost-cutting strategiesRecord annual sales of $18.0M for 73%7 YoY growthToronto, Ontario--(Newsfile Corp. - April 28, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to protect against electromagnetic field (EMF) radiation and optimize human health, announces the filing of the Company's Financial Statements and Management's Disc
About this update from American Aires, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Q4 Revenue: $8.6M for 130%7 YoY growth","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 Gross Profit Margin: up 400 basis points to 63%7 on cost-cutting strategies","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Record annual sales of $18.0M for 73%7 YoY growth","length":49,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":165,"olType":false},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - April 28, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) ("Aires" or the "Company"), a pioneer in advanced technology designed to protect against electromagnetic field (EMF) radiation and optimize human health, announces the filing of the Company's Financial Statements and Management's Discussion & Analysis (MD&A) for the fiscal year ended December 31, 2024 on SEDAR+. The Company previously disclosed key non-IFRS, preliminary and unaudited metrics on January 27, 2025. Unless otherwise indicated, all dollar amounts are reported in Canadian dollars.","length":633,"tagName":"p"},{"type":"text","content":"To ensure year-over-year comparability and align with ongoing reporting, all 2023 results below include Aires' performance and HUCK Project LLC's results under the Distributor-Royalty agreement (announced August 28, 2023). This agreement ended by mutual consent on January 1, 2024, as announced on February 16, 2024. See note 7 below for details.","length":354,"tagName":"p"},{"type":"text","content":"Record Q4/2024 Revenue of $8.6 Million for 130%7 YoY Growth","length":59,"tagName":"p"},{"type":"text","content":"Q4/2024 set a new quarterly sales record of $8.6 million, a 130% increase (from non-GAAP 3.7 million reported a year ago on a combined Aires + HUCK basis7) and continued our strong year-over-year revenue growth trend. This strong organic revenue growth stemmed from strategic marketing partnerships initiated in 2024, though only partial benefits were realized since many partnerships were still ramping up during this period. Higher media costs and consumer behavior distractions from the U.S. presidential election, along with a shorter holiday shipping window, also impacted Q4 revenue and expenses.","length":602,"tagName":"p"},{"type":"text","content":"Gross profit margin improved 400 basis points to 6...