Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Taglich RobertOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,064Price:$3.10
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Taglich Michael NOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,064Price:$3.10
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Porcelain MichaelOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,195Price:$3.10
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
Filings by filing date
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Taglich RobertOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,064Price:$3.10
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Taglich Michael NOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,064Price:$3.10
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Jan 08, 2024 (filed on Jan 10, 2024)Insider Name:Porcelain MichaelOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:J - Other transaction# or value acquired/disposed of:4,195Price:$3.10
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Oct 24, 2023 (filed on Oct 24, 2023)Insider Name:Glassman ScottOwnership Type:Direct OwnershipSecurities:Stock OptionsNature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
News
Biz Brief
Sector: Industrials | Industry: Aerospace & Defense |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1460 Fifth Avenue BAY SHORE NY 11706 |
Tel: | N/A |
Website: | https://airindustriesgroup.com |
IR: | See website |
Key People | ||
Luciano Melluzzo President, Chief Executive Officer | Scott A. Glassman Chief Financial Officer, Principal Accounting Officer, Company Secretary |
Business Overview |
Air Industries Group is a holding company with three subsidiaries, Air Industries Machining Corp. (AIM), Nassau Tool Works, Inc. (NTW) and the Sterling Engineering Company (SEC). The Company manufactures aerospace components primarily for the aerospace and defense industry. Its AIM and NTW manufacture structural parts and assemblies focusing on flight safety, including aircraft landing gear, arresting gear, engine mounts, flight controls, throttle quadrants and other components. SEC makes components and provides services for aircraft jet engines and ground-power turbines. AIM and NTW offers its products to a range of military and commercial aircraft, including the Sikorsky UH-60 Blackhawk, Lockheed Martin F-35 Joint Strike Fighter and Northrop Grumman E2D Hawkeye, and others. They also make a critical component for the Pratt & Whitney Geared TurboFan aircraft engine used on commercial airliners. SEC makes products used in jet engines that are used on military and commercial aircraft. |
Financial Overview |
For the nine months ended 30 September 2023, Air Industries Group revenues decreased 3% to $38M. Net loss increased from $177K to $2.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest and Financing Costs increase of 98% to $1.1M (expense), Other income (expense) , net decrease of 68% to $42K (income). |
Employees: | 185 as of May 1, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $36.63M as of Sep 30, 2023 |
Annual revenue (TTM): | $51.94M as of Sep 30, 2023 |
EBITDA (TTM): | $1.01M as of Sep 30, 2023 |
Net annual income (TTM): | -$3.21M as of Sep 30, 2023 |
Free cash flow (TTM): | $5.37M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $20.48M as of Sep 30, 2023 |
Shares outstanding: | 3,303,045 as of Dec 1, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |