Air Industries Group Inc ( (AIRI) ) has released its Q2 earnings. Here is a breakdown of the information Air Industries Group Inc presented to its investors.
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Air Industries Group Inc, a Nevada-based company, operates in the aerospace and defense sector, specializing in manufacturing complex components for military and commercial aviation. In its latest earnings report for the quarter ending June 30, 2025, Air Industries Group reported a decline in net sales compared to the previous year, with figures dropping from $13.6 million to $12.7 million for the quarter. The company also experienced a net loss of $422,000 for the quarter, a downturn from a net income of $298,000 in the same period last year. Key financial metrics reveal a decrease in gross profit, which fell from $2.6 million to $2 million, and an increase in operating expenses from $1.9 million to $2 million. Despite these challenges, the company has a substantial backlog of $128.5 million, which it anticipates will drive future sales. Looking ahead, Air Industries Group is focusing on increasing revenues and reducing costs, with management optimistic about future growth due to recent contract awards and anticipated increases in funded orders. However, the company faces challenges with its credit facility and is actively negotiating to extend maturity dates and secure additional capital.