We are excited to announce the next business breakdowns. Feel free to participate live and ask questions.
MCBB: Business Breakdowns with Aluula Composites Inc. (AUUA.V): Reinventing Composites
When: March 5th, 4:00pm EST
Where: https://riverside.fm/studio/david-bs-studio-2yE1f
I will have a conversation with CEO Sage Berryman and member @lockstockbarrel and, as the expert co-host.
Company Overview (Company Profile)
Aluula Composites is an advanced materials company that has invented a patented, adhesive-free process for producing ultra-strong, ultralight UHMWPE composites that are recyclable and significantly outperform existing materials like Dyneema. After divesting its windsports brand, the company shifted to a pure “ingredient-inside” model, similar to Gore-Tex, supplying premium composites to windsports brands, Arc’teryx for high-performance outdoor gear, and early-stage industrial partners in sectors like aerospace, marine decarbonization, inflatables, and defense. The technology is protected until ~2037, the manufacturing model is capital-light, and customer integration is deep, creating high switching costs and a long runway for multi-market expansion.
The investment case hinges on a disruptive material with clear performance and sustainability advantages, strong initial commercial validation, and large emerging TAMs that could unlock transformational scale. Gross margins are already trending toward the 40–45% target, breakeven is within reach at ~$8M revenue versus $5.8M LTM, and new leadership has reoriented the business toward disciplined, scalable growth. Despite these strengths, Aluula remains an under-followed Canadian nanocap with no analyst coverage, creating a potential mispricing ahead of industrial commercialization and broader adoption.
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