Airboss of America Corp New (QX) (ABSSF) Quote

Newmarket-based AirBoss sees profits soar due to U.S. government COVID-19 contract
Revenues for the three months ended Sept. 30 rose to $162.7 million from $77.2 million in the prior year
about 18 hours ago By: Canadian Press


AirBoss of America Corp. says its net profit surged in the third quarter on a more than doubling of revenues from supplying respirators and related products ordered by U.S. government agencies in response to COVID-19.

The Newmarket-based company says its net income attributable to shareholders was US$11.6 million or 47 cents per diluted share, up from US$1.5 million or seven cents per share a year earlier.

AirBoss, which reports in U.S. dollars, says adjusted profit was $11.7 million or 47 cents per share, compared with $1.8 million or eight cents per share in the third quarter of 2019.

Revenues for the three months ended Sept. 30 rose to $162.7 million from $77.2 million in the prior year.



AirBoss was expected to report 33 cents per share in adjusted profits on $140.3 million of revenues, according to financial data firm Refinitiv.

The results prompted its shares to surge 7.1 per cent or $1.19 to $17.89 in Wednesday early afternoon trading on the Toronto Stock Exchange.

AirBoss Defence Group, which is 100 per cent owned by AirBoss, delivered 100,000 respirator systems to the U.S. Federal Emergency Management Agency (FEMA) under a US$96.4 million contract issued in March.

"It is unclear what impact COVID-19 will have on the economy and our customer base in the near term. However, we believe our diversification positions us well either for a hopeful return to a safe normalcy or to continue supplying frontline workers with PPE if the pandemic continues or grows worse," stated president and chief operating officer Chris Bitsakakis.


"Over the long term, our focus remains unchanged and we will continue to pursue opportunities to supply PPE for frontline health-care workers and work with regional, provincial, state and federal governments as an ongoing part of future strategic pandemic planning, target traditional defence contracts, and grow and diversify our rubber solutions and engineered products segments."

The company told analysts Wednesday that it hasn't received any significant stockpiling orders for personal protective equipment since there hasn't been much of a lull between phase 1 and 2 of the pandemic.

"And most of our customers are still panicking and trying to sort out the record hospitalizations that are happening now as a result of this current wave," chairman and CEO Peter Grenville Schoch said in a conference call.

Despite reports about PPE shortages, It doesn't anticipate big government orders until next May and August because of the government fiscal year-end, change in U.S. administration and 2021 budgets not yet being approved.

However, it is seeing more international interest and is beginning an online marketing program to target customers like the general public, dentists, massage therapists, physiotherapists and anybody that has to wear a mask all day.

"So over the next couple of months, we're going to roll out an aggressive online marketing program to non-government potential customers," said Grenville Schoch.

$ABSSF recent news/filings

bullish

## source: finance.yahoo.com

no recent news found
*********************************************************

$ABSSF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$ABSSF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/ABSSF/company-info
Ticker: $ABSSF
OTC Market Place: Grey Market
CIK code: not found
Company name: AirBoss of America Corp.
Incorporated In:



$ABSSF share structure

## source: otcmarkets.com

Market Value: $386,697,657 a/o Jun 18, 2015
Shares Outstanding: 23,545,530 a/o Nov 30, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$ABSSF extra dd links

Company name: AirBoss of America Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ABSSF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ABSSF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ABSSF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/news - http://finance.yahoo.com/q/h?s=ABSSF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ABSSF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ABSSF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ABSSF
DTCC (dtcc.com): http://search2.dtcc.com/?q=AirBoss+of+America+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=AirBoss+of+America+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=AirBoss+of+America+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ABSSF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ABSSF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ABSSF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ABSSF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ABSSF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ABSSF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ABSSF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ABSSF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ABSSF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ABSSF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ABSSF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ABSSF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ABSSF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ABSSF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ABSSF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ABSSF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ABSSF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ABSSF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ABSSF



$ABSSF DD Notes ~ http://www.ddnotesmaker.com/ABSSF