10-Q · May 13, 2026
Air Industries Group reported net sales of $11.6 million for Q1 of 2026, down 4.4% from $12.1 million in the same quarter last year. The company saw a substantial improvement in gross margin to 22.4%, up from 16.8%,…
Earnings analysis · 10-Q
AIRI earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
The provided 10-Q extract is limited primarily to risk-factor cross-references, merger-agreement exhibits, certifications, and signatures; it does not disclose current-quarter financial results or management operating…
Read full summary
The provided 10-Q extract is limited primarily to risk-factor cross-references, merger-agreement exhibits, certifications, and signatures; it does not disclose current-quarter financial results or management operating commentary. The filing references the July 22, 2026 Form S-4 and 2025 Form 10-K for additional risk information and includes Tenax merger agreement updates dated July 2 and July 31, 2026. No quantitative guidance or outlook is provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
-
Merger documentation updated
The filing includes the amended and restated Tenax merger agreement dated July 2, 2026, along with a further amendment dated July 31, 2026, indicating continued transaction documentation updates.
-
Credit agreement amendment included
The filing includes an Eleventh Amendment to the Loan and Security Agreement with Webster Bank, incorporated by reference to a February 27, 2026 Form 8-K.
What to watch
-
Operating results unavailable
The filing does not provide reported revenue, EPS, margins, cash flow, balance-sheet figures, or segment results in the supplied text, preventing a current-period operating assessment.
-
No substantive risk-factor update
Investors are directed to the Form S-4 filed July 22, 2026, the 2025 Form 10-K, and other SEC filings for risk disclosures rather than receiving materially updated risk factors in this 10-Q.
-
Merger execution dependency
The filing contains multiple Tenax merger documents, including the amended and restated agreement dated July 2, 2026 and an amendment dated July 31, 2026; transaction completion remains an important company-specific dependency.
Management's outlook
No quantitative revenue, EPS, margin, cash flow, or other operating guidance is disclosed in the provided 10-Q text. The filing refers investors to the Form S-4 filed July 22, 2026 and the 2025 Form 10-K for risk information.
Earlier filings 4
10-K · March 27, 2026
Air Industries finished fiscal 2025 with $47.9 million of net sales, a funded backlog of $136.8 million (up 16% vs. 2024) and a net loss of $1.3 million. Management highlights a 1.36x book-to-bill and total unfilled…
10-Q · August 14, 2025
Air Industries reported Q2 2025 net sales of $12,659,000 (down from $13,572,000 in Q2 2024) and a net loss of $422,000 (loss per share $0.11). Gross profit declined to $2,028,000 while operating income compressed to…
10-Q · May 15, 2025
Air Industries reported Q1 2025 net sales of $12,135,000 (down $1,926,000 or ~13.7% vs Q1 2024) and a net loss of $988,000 (loss per share $0.27). Gross margin improved to ~16.8% but operating loss widened to $746,000…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.