AIRI earnings analysis
What we found in AIRI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they said about what is next.
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.
The filing reads about the same as the one before it.
What came before.
- 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%,…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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