Air Industries Group

Air Industries Group reported net sales of $47.9 million for fiscal year 2025, a decrease of 13.0% compared to $55.1 million in 2024. The company experienced a net loss of $1.3 million, a slight improvement from the $1.4 million net loss in the prior year. Gross profit decreased to $8.2 million, though the gross margin improved to 17.1% from 16.2%, attributed to product mix shifts and cost reductions. Operating expenses increased slightly to $8.5 million. The company's backlog grew 16.0% to $136.8 million, providing revenue visibility. However, significant liquidity concerns persist with total debt of approximately $30.1 million maturing in late 2026, and the auditor raised substantial doubt about the company's ability to continue as a going concern. A pending merger with Tenax Aerospace is a critical strategic initiative to address capital structure and liquidity challenges.

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