---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-055664"
form_type: "8-K"
ticker: "AIRI"
cik: "0001009891"
company_name: "AIR INDUSTRIES GROUP"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:25:17.876759+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Air Industries Q1 2023 net loss widens to $618k; operating loss $158k on supply chain issues

## Summary
- Q1 2023 net sales $12.5M, up 4% YoY; gross margin fell to 15.0% from 17.2%.
- Operating loss of $158k vs income of $207k in Q1 2022; net loss $618k vs $28k.
- Interest expense rose to $476k from $323k due to higher prime rate and debt levels.
- CEO cited supply chain disruption, raw material delays; targeting nuclear submarine market.

## SEC filing metadata
- accession: 0001213900-23-055664
- form_type: 8-K
- ticker: AIRI
- cik: 0001009891
- company_name: AIR INDUSTRIES GROUP
- filed_at: 2023-07-10T23:59:59+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/1009891/000121390023055664/0001213900-23-055664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009891/000121390023055664/ea181531-8k_airindust.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-055664
- JSON: https://secwatch.observer/filing/0001213900-23-055664.json
- Plain text: https://secwatch.observer/filing/0001213900-23-055664.txt

## Key facts
- Earnings Releases
  AIR INDUSTRIES GROUP reported the Three Months Ended March 31, 2023 results: revenue $12.5 million, net income $618,000.
  - Period: the Three Months Ended March 31, 2023
  - Revenue: $12.5 million
  - Net income: $618,000
  - Result: reported results
  source text: Consolidated net sales for the three months ended March 31, 2023 were $12.5 million, an increase of $487,000 or 4.0% from the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009891/000121390023055664/0001213900-23-055664-index.htm

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