Air Industries Group
3.2600-0.02 (-0.61%)
Oct 29, 4:00:00 PM EDT · NYSE American · AIRI · USD
Key Stats
Market Cap
15.56MP/E (TTM)
-Basic EPS (TTM)
-0.67Dividend Yield
0%Recent Filings
8-K
Ninth loan amendment secures funds
Air Industries Group signed the Ninth Amendment to its Loan and Security Agreement with Webster Bank on September 10, 2025, requiring $3,930,000 from its At The Market Offering to be held in an interest-bearing account at the bank as security for loan obligations. This tweak boosts the borrowing base by including 100% of this 'Qualified Cash,' while locking it down—no access for the company. Funds stay restricted until defaults clear.
8-K
Secures $6.9M aftermarket contracts
Air Industries Group announced two aftermarket contracts worth $6.9 million on September 3, 2025, for fixed wing landing gear components and rotorcraft parts supporting aircraft MRO. These awards boost total aftermarket bookings over $13 million, comprising nearly 50% of new business since Q1's end. Success here advances 2025 goals. Yet risks like regulatory delays loom.
8-K
Q2 sales drop, net loss
Air Industries Group reported Q2 2025 net sales of $12.7 million, down 6.7% from $13.6 million in Q2 2024, with gross margin slipping to 16.0% and a net loss of $422,000 versus prior income. First-half sales fell 10.2% to $24.8 million, yielding a $1.4 million net loss amid order delays and subcontractor issues, yet Adjusted EBITDA held at $1.5 million. Backlog stands at record levels. Cost cuts, including a $1.0 million payroll reduction, aim to bolster the weaker second half.
10-Q
Q2 FY2025 results
Air Industries Group's Q2 FY2025 revenue dipped 6.7% y/y to $12.7M, with gross margin contracting to 16.0% from 19.5% amid product mix shifts and underutilization, while operating expenses rose 6.8% to $2.0M, flipping operations to a slim $8K profit from $752K. YTD, sales fell 10.2% to $24.8M, gross margin held at 16.4%, but higher expenses drove a $738K operating loss versus $493K profit, yielding a $1.4M net loss and ($0.38) diluted EPS on 3.7M shares. Military revenue, 54% of total, dropped from 66% y/y, yet commercial surged 25% to $5.8M. Cash from operations hit $1.9M, funding $2.1M capex; free cash flow stood negative at $243K (derived). Total debt of $25.2M, including $18.5M under the expiring Current Credit Facility (6.85% rate), pairs with $7.9M revolver availability, but covenant breach flags liquidity risks. Backlog swelled to $128.5M. Customer concentration persists.
8-K
Q2 earnings release scheduled
Air Industries Group announced on August 12, 2025, that it will release Q2 2025 financial results for the three and six months ended June 30 before market open on August 14, followed by a conference call at 4:30 PM ET (toll-free: 877-524-8416). This disclosure under Regulation FD sets the stage for investors to assess the company's performance in precision aerospace components amid volatile defense budgets. Replay available at www.airindustriesgroup.com. Forward-looking statements highlight risks like funding changes.
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