{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-093798","form_type":"8-K","ticker":"AIRI","cik":"0001009891","company_name":"AIR INDUSTRIES GROUP","filed_at":"2023-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.838288+00:00","generated_at":"2026-06-07T15:58:25.193904+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Air Industries Q3 net sales $12.3M, down 7.4% YoY; net loss $1.3M vs $142k loss","bullets":["Q3 net sales $12.3M, down 7.4% YoY; gross margin fell to 10.0% from 16.9%.","Net loss of $1.3M vs $142k loss in Q3 2022; operating loss of $796k.","Nine-month 2023 net loss $2.3M; Adjusted EBITDA $1.3M.","Monthly bookings more than doubled to over $6M; awarded $8.9M purchase order for U.S. Navy E-2D program.","CEO cites raw material shortages easing; expects rebound in Q4 and 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-093798","json":"https://secwatch.observer/filing/0001213900-23-093798.json","markdown":"https://secwatch.observer/filing/0001213900-23-093798.md","text":"https://secwatch.observer/filing/0001213900-23-093798.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023093798/0001213900-23-093798-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023093798/ea189646-8k_airindust.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:58:25.193904+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":"dff1986c04bab64ae33420435b3cbe479805be33","claim":"AIR INDUSTRIES GROUP reported third quarter ended September 30, 2023 results: revenue $12.3 million, net income net loss of $1.3 million.","evidence_excerpt":"to continue to drive our bookings and sales levels higher from here”. Third Quarter 2023 Results ● Consolidated net sales for the third quarter ended September 30, 2023 were $12.3 million, a decrease of $912,000 or (6.9%) from $13.2 million in the second quarter of 2023, and $985,000 or (7.4%) lower than sales of $13.3 million in the third quarter of 2022. ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009891/000121390023093798/0001213900-23-093798-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$12.3 million"},{"label":"Net income","value":"net loss of $1.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}