AirSculpt slips as Storm King says financial prospects ‘decidedly ugly’

In a recently published short report, Storm King Reports says that an "investigation reveals another side to AirSculpt’s business equation that doesn’t make it into these photo galleries. For a significant population of AirSculpt’s clients, its claims of pain-free body transformation do not hold up… Patient dissatisfaction is hardly the company’s only problem." Further, Storm King claims that "AirSculpt’s own financial prospects are decidedly ugly. And while its income statement is splattered with red ink, the company has much bigger problems than profitability on its immediate horizon. That’s because a small group of insiders, according to company filings, were able to execute a series of transactions that provided them over 95 percent of the money the company raised just before and after its initial public offering. AirSculpt’s financial flexibility has been greatly reduced." Shares of AirSculpt have dropped about 2% to $4.95 in Tuesday morning trading. Reference Link