---
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"
generated_at: "2026-06-07T15:58:25.193904+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Air Industries Q3 net sales $12.3M, down 7.4% YoY; net loss $1.3M vs $142k loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-093798
- JSON: https://secwatch.observer/filing/0001213900-23-093798.json
- Plain text: https://secwatch.observer/filing/0001213900-23-093798.txt

## Key facts
- Earnings Releases
  AIR INDUSTRIES GROUP reported third quarter ended September 30, 2023 results: revenue $12.3 million, net income net loss of $1.3 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $12.3 million
  - Net income: net loss of $1.3 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1009891/000121390023093798/0001213900-23-093798-index.htm

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