{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-043816","form_type":"8-K","ticker":"AIRI","cik":"0001009891","company_name":"AIR INDUSTRIES GROUP","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.859269+00:00","generated_at":"2026-06-01T22:27:50.191920+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Air Industries Q1 net loss $706K on sales $14.1M; backlog $99.3M","bullets":["Net sales $14.1M (+12% YoY); net loss $706K ($0.21/share) vs loss $618K ($0.19/share) last year.","Adjusted EBITDA fell to $362K from $578K; gross margin contracted to 13.6% from 15.0%.","Backlog rose to $99.3M; bookings $12.95M; book-to-bill 0.92x for Q1.","Cash $225K, total debt $23.9M; company in covenant breach, working with lender to adjust credit facility.","Fiscal 2024 target: net sales at least $50M, Adj. EBITDA improving over 2023 levels."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-043816","json":"https://secwatch.observer/filing/0001213900-24-043816.json","markdown":"https://secwatch.observer/filing/0001213900-24-043816.md","text":"https://secwatch.observer/filing/0001213900-24-043816.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009891/000121390024043816/0001213900-24-043816-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009891/000121390024043816/ea0206247-8k_airindus.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T22:27:50.191920+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}