Recent Annual Reports

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AIR INDUSTRIES GROUP
10-K March 27, 2026

Key Highlights

  • Backlog grew 16% to $136.8 million, providing strong revenue visibility for the ...
  • Strong demand evidenced by a 1.36 book-to-bill ratio, indicating growth outpacin...
  • Strategic merger with Tenax Aerospace aims to pivot the company from parts manuf...
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UNITED GUARDIAN INC
10-K March 27, 2026

Key Highlights

  • Debt-free balance sheet with $12 million in cash reserves
  • Pharmaceuticals now represent 51% of total sales, becoming the primary growth en...
  • Strategic pivot toward sexual wellness with the launch of Natrajel
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Key Highlights

  • Fund is in active liquidation mode to maximize final partner payouts.
  • Successfully sold an Indianapolis property for a $200,237 profit in 2025.
  • Strong financial position with zero long-term mortgage debt.
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Key Highlights

  • Specialized REIT model focused on high-interest, short-term real estate bridge l...
  • Strong track record with a bad-loan ratio consistently below 1% since 2007.
  • High operational efficiency with a focus on quick 10–15 day loan closings.
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Key Highlights

  • Raised $15.9 million in early 2025 through strategic asset sales to pay down mor...
  • Executing a portfolio 'pruning' strategy to simplify business operations and imp...
  • Maintained robust cybersecurity infrastructure despite operational downsizing.
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DICK'S SPORTING GOODS, INC.
10-K March 27, 2026

Key Highlights

  • Aggressive expansion of 'House of Sport' experiential retail locations.
  • High-margin house brands (CALIA, VRST) generated $1.8 billion in sales.
  • Strong financial position with $1.8 billion in cash and active share buybacks.
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Cleco Corporate Holdings LLC
10-K March 27, 2026

Key Highlights

  • Simplified business model following the $1.0 billion divestiture of Cleco Cajun ...
  • Stable, regulated revenue stream supported by a Formula Rate Plan and Fuel Adjus...
  • Significant growth potential driven by a projected 15-20% increase in power dema...
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Key Highlights

  • The Trust maintains a robust 12.4% net yield, providing a strong margin for inve...
  • A 15% credit buffer of cash and subordinated debt protects investors against pot...
  • The Trust demonstrated growth by issuing over $8 billion in new notes during mid...
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Key Highlights

  • Fund is in active liquidation mode, prioritizing asset sales to return cash to i...
  • Significant increase in distributions, with $5.87 million paid out in 2025.
  • Aggressive unit buyback program returned $1.17 million to investors in 2025.
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FENNEC PHARMACEUTICALS INC.
10-K March 27, 2026

Key Highlights

  • Successful commercial launch of PEDMARK with $20.4 million in 2023 revenue.
  • Achieved significant regulatory milestones with FDA and European approvals.
  • Established strategic international partnerships with Norgine B.V. and Inpharmus...
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SEABRIDGE GOLD INC
40-F March 27, 2026

Key Highlights

  • Controls one of the world's largest undeveloped gold-copper portfolios with 43 m...
  • KSM project achieved 'substantially started' status, securing long-term environm...
  • Strategic focus on maximizing gold-per-share by avoiding expensive mine construc...
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Key Highlights

  • Strong 13.6% profit growth reaching $9.02 million in 2025.
  • Improved net interest margin of 3.39%, indicating efficient lending operations.
  • Well-capitalized status with a 9.5% capital ratio, significantly exceeding regul...
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