---
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"
generated_at: "2026-06-01T22:27:50.191920+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Air Industries Q1 net loss $706K on sales $14.1M; backlog $99.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043816
- JSON: https://secwatch.observer/filing/0001213900-24-043816.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043816.txt

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