On The Heels Of Meredith Brills’s Recommendation: An AUUAF CEO Skull Session + Earnings News [GeoWire Weekly No. 205] | 🇺🇸 PPIH CSBR CPHC 🇨🇦 AUUA.V

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This week’s Microcap Information Arbitrage Weekly Wrap-Up is ready — spotlighting key moves, missed signals, and overlooked opportunities in our 1,500+ coverage universe built since 2009.

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Summary Of What’s In This Weekly Wrap-Up

The Skull Session highlight of the week was our “You Make The Call” chat with Sage Berryman, CEO of Aluula Composites Inc (OOTC:AUUAF) (TSXV:AUUA). The company manufactures and sells composite materials that are used in sectors like wind sports, outdoor gear, sailing, and other commercial applications. By the way, the company will be attending the Planet MicroCap conference in Toronto, Canada on October 22, 2025.

This was our second “You Make The Call” event. Our first was the result of Brett Mass of Hayden IR, suggesting that we should interview A2z Cust2mate Solutions Corp. (NASDAQ:AZ), even though AZ didn’t meet the criteria of factors we normally look for when inviting companies to present on our Skull Sessions platform. However, we were attracted to AZ smart shopping cart product category, so that’s how we came up with the “You Make The Call” event concept. Let’s see if they can convince us to at least track the company.

Anyways, back to AUUAF, a company I’m very eager to track for positive developments over the next 18 months or so. 

Sage shared the company’s roots in wind sports and materials innovation, its sustainability focus, and expansion into defense markets. While the company is still losing money, revenue is ticking up. With a strong gross margin target range of 40% to 45%, operating leverage, and a key new product on the horizon that could expand the company’s target market, we think AUUAF is worth watching.

If you missed the live event, the replay is now archived at Geoinvesting’s Pro Portal. I’ll dive into the highlights later in this post.

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As for earnings, here’s a quick rundown from this week’s earnings in the GeoInvesting Universe. Perma-pipe International Holding (NASDAQ:PPIH), a company that designs, engineers, manufactures, and sells specialty piping and leak detection systems, was down nearly 20% in early trading on September 15 following a weak quarterly report due to one-time expenses and lower gross margins. Regardless, they ended the quarter with a solid backlog and a message that they are exploring strategic alternatives. Here’s what we had to say:

Overall, we are still very bullish on PPIH. It looks like Kyle Adams has secured an interview with the company. We’ll be excited to hear how that goes. You can follow Kyle on “X” and his new Substack here and here.

Champions Oncology, Inc. (NASDAQ:CSBR), a provider of preclinical and clinical research services focused on oncology, didn’t fare much better, delivering another soft quarter. The stock fell 26% for the week, as sales momentum from its new data platform continues to be unclear. 

Over the weekend, GeoInvesting Research contributor Tim Heitman dropped a new article on Canterbury Park Holding Corporation (NASDAQ:CPHC), a diversified entertainment and gaming company. Tim took a deeper look and made a solid case for its underlying land value, a perspective worth considering. You can read it here. You can also follow Tim on “X” and his Substack here and here.

This week, we added a new stock (sign in or join today to reveal) to Select Coverage as management shifts its focus toward its data storage business, due to opportunities arising from regulatory compliance & privacy trends and increasing AI workloads. Oracle Corporation (NYSE:ORCL)‘s huge Q1 report, highlighting strong cloud growth (+28% YoY overall, +55% in IaaS), has put this company in focus, moving it to the top of our research list.

Here’s a snapshot of all the morning emails we sent this week, which you can view on this page (make sure to bookmark the page).

Let’s dive into the highlights from the “You Make The Call” chat with Sage Berryman, CEO of Aluula Composites Inc (OOTC:AUUAF) (TSXV:AUUA). 

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AUUAF’s Bid to Scale Up and Stand Out

Aluula Composites started in wind sports, think kiteboarding and paragliding, where its ultra-light, ultra-durable materials quickly found favor with performance athletes. But what got our attention (and prompted respected microcap investor Meredith Brill to flag it for deeper digging) is the company’s quiet entry into higher-value verticals, including defense, wind power, and advanced outdoor gear.

Does Aluula have a competitive advantage? Sage explained that Aluula’s core IP lets them bond polyethylene to polyethylene without using adhesives. The result is a single-material product that’s fully recyclable, free of PFAS (perfluoroalkyl and polyfluoroalkyl substances), and much tougher than older options. It’s not cheap, but Sage is clear that pricing is part of the strategy. 

“We’re not a commodity. I don’t want us to be a commodity.” 

Instead, she sees Aluula building a premium brand known for both top performance and strong sustainability.

So what’s the bottleneck? Width. The company’s current one-meter rolls are already used in commercial products, especially in wind sports, and by prospective customers for testing and prototyping. But the current size isn’t efficient for industry-standard production or customer equipment. A new 1.5-meter material width is in development and should open the door to bigger projects like large sails, tents, and defense shelters. 

“It’s not a nice to have. It’s a need to have” 

Several partners, including Airseas and Michelin Inflatable Solutions, are waiting on this upgrade to move forward with the company.

For now, the company is still losing money, but revenues are growing nicely. However, it looks like 2024 was all about stabilization. Sage arrived in February 2024 as President and was appointed CEO in March 2024 to clean up things after a SPAC transaction, resetting governance, cutting the number of SKUs, and refocusing on “real” paying customers. With 54% insider ownership and a gross margin target between 40% and 45%, she’s trying to balance innovation with discipline. 

“Growth can no longer be at the expense of sustainability, and I mean business sustainability.”

One small take away from the chat that I kind of liked was that now that Sage has cleaned up some of the past issues with the company, she seems to really care about maximizing shareholder value during the next phase of the company’s growth… in other words, not growing at the expense of destroying your capital.

As for the market itself? “It’s huge,” Sage said, and a bit hard to quantify. Instead of tossing out a vague TAM, the company is prioritizing segments where it can deliver differentiated performance at a premium price point. And while she expects competitors will eventually try to replicate Aluula’s process, the company is betting its IP, trade secrets, and first-mover advantage will keep it out in front for a while.

We’ll be watching closely to see if the coming quarters validate the groundwork being laid. The 1.5-meter rollout could mark the real start of this story. When that happens, expect a follow-up call to dive deeper. But for now, we will let “you make the call”

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The Weekly Wrap-Up is meant for those in a hurry, along with those who want to spend a weekend hunting for ideas or quickly catch up what we talked about during the week. Our Weekly Wrap-Up brings together everything we discussed during the week in our morning emails and premium alerts, as well as new information and high conviction ideas that we did not communicate that you should know about. From earnings coverage, new research coverage on stocks, picks and research from our subscribers to event highlights from our monthly open forum that takes place to the beginning of each month and interviews with management teams and investors. Missed any emails this week? You can catch up on all of them in one place — just check out the full archive here.

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The post On The Heels Of Meredith Brills’s Recommendation: An AUUAF CEO Skull Session + Earnings News [GeoWire Weekly No. 205] | 🇺🇸 PPIH CSBR CPHC 🇨🇦 AUUA.V appeared first on GeoInvesting.