The company delivered disappointing preliminary quarterly results with EBITDA forecasted to be 54% behind consensus. The company forecast a loss per share of between 8 and 12 cents, significantly lagging the consensus forecast of a profit of 10 cents per share. AirBoss Defense Group continues to disappoint and is becoming highly unpredictable. The leadership changes with co-CEOs announced also spooked investors. Analysts from CIBC went as far as slashing the price target to $7 from $15. We would be okay moving on to other opportunities in the market. Its small size and high debt add risk, and it sounds somewhat dysfunctional right now.
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