{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-031094","form_type":"8-K","ticker":"AIRI","cik":"0001009891","company_name":"AIR INDUSTRIES GROUP","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.573931+00:00","generated_at":"2026-06-16T22:05:24.603524+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Air Industries reports FY2022 prelim revenue $53.2M (-9.7% YoY), net loss of $1.1M","bullets":["Consolidated net sales $53.2M, down 9.7% from $58.9M in 2021; gross profit margin 14.1% vs 17.3%.","Net loss of approximately $1.1M vs net income of $1.6M in 2021; Adjusted EBITDA $3.3M vs $6.3M.","Not in compliance with loan facility covenant requiring financial statements within 90 days; expects compliance upon 10-K filing.","Total indebtedness $25.2M; 18-month firm backlog $67.9M (down from $75.0M).","Cash from operations $448,000 vs $4.1M in 2021; filed Amended Form 12b-25/A for additional time."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-031094","json":"https://secwatch.observer/filing/0001213900-23-031094.json","markdown":"https://secwatch.observer/filing/0001213900-23-031094.md","text":"https://secwatch.observer/filing/0001213900-23-031094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023031094/0001213900-23-031094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023031094/ea177138-8k_airindust.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:05:24.603524+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d0b4b50ef65660ecad066fe2aaa5268354ce0b6","claim":"AIR INDUSTRIES GROUP reported the twelve months ended December 31, 2022 results: revenue approximately $53.2 million, net income approximately $1.1 million.","evidence_excerpt":"the following reflects preliminary and unaudited financial data for the year ended December 31, 2022: ● Consolidated net sales revenues in 2022 are expected to approximate $53.2 million, a decrease of 9.7% as compared to the $58.9 million achieved in 2021. This represents no change to the preliminary net sales amounts discussed on the Company’s year-end","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023031094/0001213900-23-031094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended December 31, 2022"},{"label":"Revenue","value":"approximately $53.2 million"},{"label":"Net income","value":"approximately $1.1 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}