Company research
AIR INDUSTRIES GROUP
CIK 1009891Updated Sep 25, 2026
SecurityAIRI · NYSE_AMERICAN · equity
Name history
AIR INDUSTRIES GROUP, INC. · through Sep 17, 2013Gales Industries Inc · through Jun 29, 2007Ashlin Development Corp · through Apr 3, 2006HEALTH & NUTRITION SYSTEMS INTERNATIONAL INC · through Jan 14, 2005
AIRI price & chart
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AMEX:AIRI on TradingView ↗About the company
Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors. Its products include landing gears, flight controls, engine mounts and components for aircraft jet engines, ground turbines and other complex machines. Whether it is a small individual component or complete assembly, its high quality and extremely reliable products are used in mission critical operations that are essential for the safety of military personnel and civilians.
In the news
Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-Q filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
S-4 filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 58,329,000Source | 51,011,000Source | 50,715,000Source | 53,814,000Source |
| Property, Plant and Equipment, NetUSD | 9,501,000Source | 8,809,000Source | 8,048,000Source | 8,593,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 346,000Source | 281,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 7,071,000Source | 8,900,000Source | 7,892,000Source | 9,483,000Source |
| Inventory, NetUSD | 34,261,000Source | 28,811,000Source | 29,851,000Source | 31,821,000Source |
| Assets, CurrentUSD | 46,784,000Source | 39,187,000Source | 38,719,000Source | 42,216,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 766,000Source | 371,000Source | 297,000Source | 307,000Source |
| Operating Lease, Right-of-Use AssetUSD | 514,000Source | 1,190,000Source | 1,866,000Source | 2,473,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 39,128,000Source | 36,063,000Source | 35,525,000Source | 36,975,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 3,000Source | 3,000Source | 3,000Source |
| Additional Paid in CapitalUSD | 89,608,000Source | 84,052,000Source | 82,928,000Source | 82,446,000Source |
| Retained Earnings (Accumulated Deficit)USD | -70,412,000Source | -69,107,000Source | -67,741,000Source | -65,610,000Source |
| Stockholders' Equity Attributable to ParentUSD | 19,201,000Source | 14,948,000Source | 15,190,000Source | 16,839,000Source |
| Liabilities and EquityUSD | 58,329,000Source | 51,011,000Source | 50,715,000Source | 53,814,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 37,616,000Source | 27,411,000Source | 26,602,000Source | 23,616,000Source |
| Operating Lease, Liability, CurrentUSD | 702,000Source | 881,000Source | 880,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | — | 702,000Source | 1,582,000Source | 2,463,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 969,000Source | 1,125,000Source | 1,528,000Source | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 23,721,000Source | 18,362,000Source | 16,036,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,512,000Source | 1,759,000Source | 1,112,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | 2,072,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,047,000Source | 797,000Source | 482,000Source | 310,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,761,000Source | 1,060,000Source | -1,528,000Source | -1,303,000Source |
| Increase (Decrease) in InventoriesUSD | 5,450,000Source | -1,040,000Source | -1,970,000Source | 2,289,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,352,000Source | 324,000Source | 4,862,000Source | 448,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,122,000Source | -2,285,000Source | -2,112,000Source | -2,361,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,322,000Source | 2,301,000Source | 2,119,000Source | 2,361,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 127,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 8,331,000Source | 2,368,000Source | -2,685,000Source | 1,567,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | -346,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,610,000Source | 753,000Source | 346,000Source | 281,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 1,913,000Source | — |
| Income Taxes Paid, NetUSD | 1,829,000Source | 1,849,000Source | 6,100Source | 6,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 183,000Source |
| Amortization of Debt Issuance CostsUSD | 69,000Source | 68,000Source | 68,000Source | 65,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | 359,000Source |
| DepreciationUSD | 2,499,000Source | — | 2,268,000Source | 2,522,000Source |
| Financing Interest ExpenseUSD | — | — | — | 851,000Source |
| Gain (Loss) on Sale of PropertiesUSD | — | — | 38,000Source | 38,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 68,000Source | 15,000Source | -14,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | 163,000Source |
| Income Tax Expense (Benefit)USD | -131,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,305,000Source | -1,366,000Source | -2,131,000Source | -1,076,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -1,076,000Source |
| Nonoperating Income (Expense)USD | 743,000Source | 68,000Source | — | 139,000Source |
| Operating ExpensesUSD | 8,525,000Source | 8,473,000Source | 7,723,000Source | 7,646,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 84,000Source | — |
| Other Operating Income (Expense), NetUSD | 52,000Source | 67,000Source | — | — |
| Payments of Financing CostsUSD | — | — | 25,000Source | 20,000Source |
| Proceeds from Issuance of Common StockUSD | 4,638,000Source | 327,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 47,921,000Source | 55,108,000Source | — | — |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | — | 482,000Source | 310,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 47,921,000Source | 55,108,000Source | 51,516,000Source | 53,238,000Source |
| Cost of RevenueUSD | — | — | 44,088,000Source | 45,786,000Source |
| Operating Income (Loss)USD | -338,000Source | 459,000Source | -295,000Source | -194,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 84,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,436,000Source | -1,366,000Source | -2,131,000Source | -1,076,000Source |
| Income Tax Expense (Benefit)USD | -131,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -1,305,000Source | -1,366,000Source | -2,131,000Source | -1,076,000Source |
| Earnings Per Share, BasicUSD per share | -0.31Source | -0.41Source | -0.65Source | -0.33Source |
| Earnings Per Share, DilutedUSD per share | -0.31Source | -0.41Source | -0.65Source | -0.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,216,918Source | 3,336,464Source | 3,278,513Source | 3,227,116Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,216,918Source | 3,336,464Source | 3,278,513Source | 3,227,116Source |
| Additional Financial Items | ||||
| Cost of Property Repairs and MaintenanceUSD | 10,000Source | 10,000Source | 10,000Source | 10,000Source |
| Costs and ExpensesUSD | — | — | — | 162,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 2,072,000Source | — | — |
| Financing Interest ExpenseUSD | — | — | — | 851,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 163,000Source |
| Gross ProfitUSD | 8,187,000Source | 8,932,000Source | 7,428,000Source | 7,452,000Source |
| Interest ExpenseUSD | 1,485,000Source | 1,421,000Source | 1,448,000Source | 487,000Source |
| Interest Expense, DebtUSD | — | 472,000Source | 1,391,000Source | 780,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -1,076,000Source |
| Nonoperating Income (Expense)USD | 743,000Source | 68,000Source | — | 139,000Source |
| Operating ExpensesUSD | 8,525,000Source | 8,473,000Source | 7,723,000Source | 7,646,000Source |
| Other Operating Income (Expense), NetUSD | 52,000Source | 67,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 47,921,000Source | 55,108,000Source | — | — |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | — | 482,000Source | 310,000Source |
Offerings
Registration 333-297628
Filing attachments
ea030019601ex99-1.htm · 8-K · 2026-08-03
EX-99.1 3 ea030019601ex99-1.htm PRESS RELEASE OF AIR INDUSTRIES GROUP DATED AUGUST 3, 2026 Exhibit 99.1 August 3, 2026 7:00 AM Eastern Daylight Time Air Industries Group Announces Amendment, Extending the Amended and Restated Merger Agreement with Tenax Aerospace. BAY SHORE, N.Y.-- (BUSINESS WIRE) - Air Industries Group (“Air Industries” or the “Company”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for aerospace and Department of War prime contract…
Read attachment ↗ea029819201ex99-1.htm · S-4 · 2026-07-22
EX-99.1 10 ea029819201ex99-1.htm FORM OF PROXY CARD Exhibit 99.1 Signature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. V86073-S41426 For Against Abstain!!! 1. To approve a proposal to authorize the issuance of AIR common stock as merger consideration pursuant to the terms of the merger agreemen…
Read attachment ↗ea029746201ex99-1.htm · 8-K · 2026-07-09
EX-99.1 3 ea029746201ex99-1.htm PRESS RELEASE OF AIR INDUSTRIES GROUP DATED JULY 9, 2026 Exhibit 99.1 July 9, 2026 4:30PM Eastern Daylight Time Air Industries Group Announces Amended and Restated Merger Agreement with Tenax Aerospace BAY SHORE, N.Y.-- (BUSINESS WIRE) - Air Industries Group (“Air Industries” or the “Company”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for aerospace and Department of War prime contractors, today announced that it an…
Read attachment ↗ea027726901ex99-1_airindus.htm · 8-K · 2026-02-17
EX-99.1 3 ea027726901ex99-1_airindus.htm JOINT PRESS RELEASE OF AIR INDUSTRIES GROUP AND TENAX AEROSPACE ACQUISITION, LLC, DATED FEBRUARY 17, 2026 Exhibit 99.1 February 17, 2026 7:01 AM Eastern Standard Time PRESS RELEASE Tenax Aerospace and Air Industries Group Announce Strategic Combination to Form Scaled Aerospace and Defense Platform Combination brings together special mission aviation and precision aerospace manufacturing to create a diversified mid-cap company expected to remain li…
Read attachment ↗ea027726301ex99-1_airindus.htm · 8-K · 2026-02-17
EX-99.1 2 ea027726301ex99-1_airindus.htm TEXT OF PRESS RELEASE ISSUED FEBRUARY 17, 2026, BY AIR INDUSTRIES GROUP Exhibit 99.1 February 17, 2026 7:00 AM Eastern Standard Time Air Industries Group Announces Preliminary Unaudited Results for 2025 BAY SHORE, N.Y.-- (BUSINESS WIRE) -- Air Industries Group (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced preliminary unaudited results for the y…
Read attachment ↗ea026556701ex99-1_airindus.htm · 8-K · 2025-11-14
EX-99.1 2 ea026556701ex99-1_airindus.htm TEXT OF PRESS RELEASE ISSUED NOVEMBER 14, 2025, BY AIR INDUSTRIES GROUP Exhibit 99.1 Air Industries Group Announces Solid Financial Results for the Three and Nine Months Ended September 30, 2025 BAY SHORE, N.Y.--(BUSINESS WIRE)-- Air Industries Group (“Air Industries”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, today announced Financial Results for the Three…
Read attachment ↗