Alternative Investment Research

Emerging US Defense Drone Manufacturer NASDAQ Ticker: RCAT Red Cat is an emerging US defense drone manufacturer positioned directly in front of two major shifts in global security. Warfare is moving rapidly toward unmanned systems, and rising geopolitical tension is driving structurally higher defense spending across the US and NATO.

Designs, Produces, Seller of Avionic Solutions NASDAQ Ticker: ISSC I base the initial BUY rating for Innovative Solutions and Support, Inc. on its current growth prospects and projected free cash flow. Revenue has grown 168%, from $17.6M in 2019 to $47.2M in 2024. On June 30, 2023, ISSC acquired certain

Avionic Solutions Designer, Producer & Seller NASDAQ Ticker: MPTI I base the initial BUY rating for M-tron Industries on the strong tailwinds it is receiving from increased U.S. defense spending, a robust and growing pipeline, and management’s renewed focus on long-term profitability. MPTI maintains a strong liquidity position with ample

AI Data-Driven Cloud Platform NASDAQ Ticker: ZETA I base the initial BUY rating for Zeta Global on its low valuations for its robust growth metrics and improving profitability. Revenue growth YoY is 40%, significantly higher than the sector’s median of 6%, indicating strong expansion. Additionally, EPS growth FWD is 25%

Utility and Infrastructure Play NASDAQ Ticker: ESOA I base the initial BUY rating for Energy Services of America on its growing backlog, low valuations, and under-the-radar infrastructure contractor trading at a deep discount to peers. As of March 31, 2025, the company reported a robust backlog of $280.7 million—representing nearly