secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001213900-25-043673
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025043673/0001213900-25-043673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025043673/ea0242310-8k_airindust.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-043673

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer