$92M market cap now; it is certainly getting attention with a 250% gain this year. The revenue base is still small, but growing. But in addition to losses it is still cash flow negative, which is another risk. No (unsponsored) analysts, insiders own 40%. Trading is fairly thin. Its business, simply put, is as an advanced materials company developing ultra‑light, ultra‑strong soft composites based on UHMWPE fibers fused to technical films, now scaling from wind sports into broader performance and industrial markets. Aluula is now pushing into performance sailing, where its Durlyte material is being used by French sailmaker Incidence Sails on offshore race boats, with testing showing high abrasion resistance, zero water uptake, and durability under long‑duration ocean racing conditions. The company is also co‑developing application‑specific composites for outdoor packs and tents, positioning its materials as lighter, tougher, and more durable alternatives to incumbent high‑end fabrics. This is, of course, a highly specialized market. While interesting, the valuation against revenue is quite large, and this is still a speculative stock. We would like to see positive cash flow, at the very least, before considering a buy.
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