Air Industries Q1 sales down 13.7% to $12.1M; gross margin improves; net loss widens to $988K

AIR INDUSTRIES GROUP

2025-Q1 EPS reported -$0.27 vs consensus -$0.04 ▼ miss (-561.8%)

Net sales $12.1M vs $14.1M in Q1 2024 (-13.7%); gross profit up 6.7% to $2.0M, gross margin 16.8% (+320 bps).
Operating loss $746K vs $259K; net loss $988K vs $706K; driven by higher non-cash stock comp ($412K increase).
Adjusted EBITDA improved 59.1% to $576K from $362K in prior-year quarter.
Book-to-bill ratio 1.34x on TTM basis; funded backlog up $2.7M; total backlog exceeds $250M.
CEO reaffirms confidence full-year 2025 results will exceed 2024.

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