**Massive Government Contract:** Their subsidiary, Mokulele Airlines, just secured a $19.4 million four-year air service contract for Lanaʻi. Guaranteed long-term revenue is a major de-risking event.
**Balance Sheet Cleanup:** The company recently executed two financing deals that slashed their convertible debt by 64%, clearing up the balance sheet and significantly reducing dilution fears.
**Revenue Beats:** They recently beat revenue estimates, pulling in $29.5M (a $1.27M beat), and forecasted a strong Q3 with expected revenue jumping to $35.5M–$37.5M.
**Technical Reversal:** The stock was beaten down to a 52-week low of $0.46. With fundamentals shifting and the debt cleared up, the technical setup triggered a massive reversal as retail volume poured in.
**Position**: 2500 shares
**TLDR:** Slashed debt, a new $19.4M contract, and strong revenue growth are fueling this breakout from the bottom.
*Disclaimer: Not financial advice, do your own DD.*