secwatch.observer — SEC 8-K summary
======================================

Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001013762-25-004461
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air Industries reports FY2024 preliminary results: sales +7% to $55.1M, backlog record >$250M
--------------------------------------------------------------------------------

- Net sales $55.1M (+7% YoY), gross margin 16.2% (+180 bps), operating income $459K vs loss.
- Net loss reduced 35.9% to $1.4M; adjusted EBITDA $3.6M (+35.3%).
- Record total backlog exceeds $250M; bookings up 15% YoY, book-to-bill 1.30x.
- Q4 sales $14.9M (+11.9%) but operating loss $111K due to higher non-cash stock comp.
- Company will use 15-day extension to file 10-K; CEO expects FY2025 results to exceed FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000101376225004461/0001013762-25-004461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000101376225004461/ea0236267-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-004461

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer