---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-097786"
form_type: "8-K"
ticker: "AIRI"
cik: "0001009891"
company_name: "AIR INDUSTRIES GROUP"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:11:29.464909+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Air Industries Q3 net loss narrows 69% to $404K, adj EBITDA turns positive to $845K

## Summary
- Q3 revenue $12.6M (+2.1% YoY), gross margin 15.5% vs 10.0%, op income $67K vs loss $796K.
- Net loss narrowed to $404K from $1.3M (69% improvement); adj EBITDA $845K vs loss $53K.
- Backlog $105M as of Sep 30, 2024, up 22% since Jan 2023; book-to-bill 1.40x TTM.
- FY2024 outlook: at least $50M revenue target; adj EBITDA expected to significantly exceed 2023.
- Total debt $24.98M, up 7.1% from Dec 31, 2023; company compliant with loan covenants.

## SEC filing metadata
- accession: 0001213900-24-097786
- form_type: 8-K
- ticker: AIRI
- cik: 0001009891
- company_name: AIR INDUSTRIES GROUP
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1009891/000121390024097786/0001213900-24-097786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009891/000121390024097786/ea0221074-8k_airindust.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-097786
- JSON: https://secwatch.observer/filing/0001213900-24-097786.json
- Plain text: https://secwatch.observer/filing/0001213900-24-097786.txt

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