AIR INDUSTRIES GROUP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.9M | $55.1M | $51.5M | $53.2M | $58.9M | $50.1M | $54.6M | $44.5M |
| Cost of Revenue | $39.7M | $46.2M | $44.1M | $45.8M | $48.7M | $43.6M | $45.4M | $39.1M |
| Gross Profit | $8.2M | $8.9M | $7.4M | $7.5M | $10.3M | $6.5M | $9.1M | $5.4M |
| Gross Margin | 17.1% | 16.2% | 14.4% | 14.0% | 17.4% | 13.0% | 16.8% | 12.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-338.0K | $459.0K | $-295.0K | $-194.0K | $2.5M | $-1.4M | $328.0K | $-4.9M |
| Operating Margin | -0.7% | 0.8% | -0.6% | -0.4% | 4.2% | -2.9% | 0.6% | -11.0% |
| Interest Expense | $1.5M | $1.4M | $1.4M | $851.0K | $460.0K | — | — | — |
| Pretax Income | $-1.4M | $-1.4M | $-2.1M | $-1.1M | $1.6M | $-86.0K | $-2.6M | $-8.6M |
| Income Tax Expense | $-131.0K | — | — | — | — | $-1.4M | $37.0K | $3.0K |
| Net Income | $-1.3M | $-1.4M | $-2.1M | $-1.1M | $1.6M | $1.1M | $-2.7M | $-11.0M |
| Net Margin | -2.7% | -2.5% | -4.1% | -2.0% | 2.8% | 2.2% | -5.0% | -24.7% |
| EPS (Basic) | $-0.31 | $-0.41 | $-0.65 | $-0.33 | $0.51 | $0.04 | $-0.09 | $-0.32 |
| EPS (Diluted) | $-0.31 | $-0.41 | $-0.65 | $-0.33 | $0.45 | $0.05 | $-0.09 | $-0.32 |
| Shares Outstanding (Basic) | 4.2M | 3.3M | 3.3M | 3.2M | 3.2M | 30.7M | 28.9M | 26.9M |
| Shares Outstanding (Diluted) | 4.2M | 3.3M | 3.3M | 3.2M | 3.6M | 36.7M | 28.9M | 26.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |