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Air Industries Group  (AIRI)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods


 

Air Industries Group

AIRI's Financial Statements and Analysis



Air Industries Group increased first quarter of 2024 net loss per share of $-0.21 compare to net loss per share of $-0.03 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.40 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ -0.21 $  14 Mill
$-0.18     Unch.     +1.23 %



Air Industries Group's Revenue rose by 1.23 % in first quarter of 2024 (Mar 31 2024) year on year, to $14 million and advanced by 14.38 % sequentially.


Air Industries Group is

More on AIRI's Income Statement



Air Industries Group in the first quarter of 2024 recorded net loss of $-0.706 million, an improvement compare to net loss of $-0.899 million in IV. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-1.299 million realized in previous quarter.

More on AIRI's Growth

Air Industries Group Inventories
Inventories declined by -7.74 % to $29.36 million from IV. Quarter a year ago, sequentially inventories fell by -6.34 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $0 million, capital expenditures grew by -0.381-70.87%, to $0 millions compare to same quarter a year ago

More on AIRI's Cash flow Statement


Air Industries Group does not pay out common stock dividend.

In trailing twelve-month period Air Industries Group earned $ 2.07 cash per share, on a free-cash flow basis .

Book value fell by -3.51 % sequentially to $4.39 per share, -17.35% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 4.39 per share from $ 4.55.

Company issued 0.03 million shares or 0.84 % in Mar 31 2024.


More on AIRI's Dividends

 Market Capitalization (Millions) 15
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 18
 Revenue (TTM) (Millions $) 52
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 379




Air Industries Group does not pay out common stock dividend.

In trailing twelve-month period Air Industries Group had $ 2.07 cash flow per share, on a free-cash flow basis .

Book value fell by -3.51 % sequentially to $4.39 per share, -17.35% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 4.39 per share from $ 4.55.

Company issued 0.03 million shares or 0.84 % in Mar 31 2024.


More on AIRI's Balance Sheets

 Market Capitalization (Millions) 15
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 18
 Revenue (TTM) (Millions $) 52
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 379
   


  News about Air Industries Group Earnings

Air Industries Group

Air Industries Group Faces Finacial Challenges as Demands Decline
In the wake of lower demand, Air Industries Group has witnessed a significant decline in revenue and a growing shortfall, indicating a challenging period for the aerospace and defense company. The financial span closing on September 30, 2023, has revealed a per share shortfall of $-0.40, a substantial increase compared to the previous reporting period.
The company's revenue has also taken a hit, falling by a significant -7.418% to $12.29 million year on year. This decrease is in stark contrast to the previous period, where Air Industries Group recorded revenue of $13.21 million. Similarly, the bottom line of -$0.12 per share from the p...

Air Industries Group's Profits Take a Nose Dive, Revealing Surprising Second Quarter Earnings

Air Industries Group Reports Diminishing Returns and Declining Revenue in Fiscal Year 2023
Air Industries Group, a leading aerospace and defense company, recently released its financial report for the fiscal year ending June 30, 2023. The report highlighted a widening of diminishing returns and a slump in revenue compared to the previous year. This news has raised concerns among investors regarding the future performance of the company.
According to the report, AIRI's diminishing returns increased to $-0.12 per share, compared to $0.00 per share in the previous year. However, there was a slight improvement in earnings per share, which decreased from $-0.19 to -$0.395 per share. The company's revenue ...

Air Industries Group reports widening losses amidst slow revenue growth, falling short of industry average

Air Industries Group, a leading player in the Aerospace and Defense industry, recently announced its financial results for the fiscal interval closing on March 31, 2023. While the company experienced a net deficit of $0.19 per share, compared to breakeven a year earlier, its revenue showed a modest increase of 4.037% to $12.55 million. However, it is worth noting that this top-line growth fell short of the industry average, which saw a 10.56% increase during the same period.
In the previous reporting season, Air Industries Group achieved a revenue of $13.89 million and a bottom line of $0.03 per share. This indicates a decline in both revenue and net income for the company in the current fiscal interval....


Date modified: 2024-05-16T20:14:50+00:00





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