---
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"
generated_at: "2026-06-16T22:05:24.603524+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Air Industries reports FY2022 prelim revenue $53.2M (-9.7% YoY), net loss of $1.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-031094
- JSON: https://secwatch.observer/filing/0001213900-23-031094.json
- Plain text: https://secwatch.observer/filing/0001213900-23-031094.txt

## Key facts
- Earnings Releases
  AIR INDUSTRIES GROUP reported the twelve months ended December 31, 2022 results: revenue approximately $53.2 million, net income approximately $1.1 million.
  - Period: the twelve months ended December 31, 2022
  - Revenue: approximately $53.2 million
  - Net income: approximately $1.1 million
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1009891/000121390023031094/0001213900-23-031094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.