air industries group, inc. is an aerospace and defense company that has been supplying flight critical and other sophisticated parts and assemblies to prime defense and commercial aerospace manufacturers for over 40 years. air industries group stock is publicly traded, and is listed on the nyse mkt under the symbol airi. we design and manufacture structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls and throttle quadrants. the company also provides sheet metal fabrication for aerostructures, tube bending and welding services. our products and services support premier aircraft in the armed forces; sikorsky blackhawk helicopter (all variants), the northrop grumman e-2 hawkeye (all variants), c-2a greyhound carrier based naval aircraft, the boeing c-17 globemaster, the f-16 fighting falcon and the f-18 hornet and the newest fighter the lockheed f-35 joint strike fighter (all variants). in 2005 air industries was
Company profile
Ticker
AIRI
Exchange
Website
CEO
Luciano Melluzzo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AIR INDUSTRIES GROUP, INC., Ashlin Development Corp, Gales Industries Inc, HEALTH & NUTRITION SYSTEMS INTERNATIONAL INC
SEC CIK
Corporate docs
IRS number
204458244
AIRI stock data
Latest filings (excl ownership)
10-K/A
2023 FY
Annual report (amended)
29 Apr 24
10-K
2023 FY
Annual report
15 Apr 24
NT 10-K
Notice of late annual filing
2 Apr 24
8-K
Air Industries Group Reports Preliminary Fourth Quarter and Full-Year 2023 Financial Results and Initial 2024 Business Outlook
1 Apr 24
8-K
Regulation FD Disclosure
27 Mar 24
8-K
Air Industries Group Receives Two Strategically Important New Contracts from New Customers
23 Jan 24
8-K
Air Industries Group Subsidiary Sterling Engineering Corporation Receives $3.2M in New Contracts
3 Jan 24
S-8
Registration of securities for employees
13 Dec 23
8-K
Results of Operations and Financial Condition
6 Dec 23
10-Q
2023 Q3
Quarterly report
6 Dec 23
Transcripts
AIRI
Earnings call transcript
2023 Q4
1 Apr 24
AIRI
Earnings call transcript
2023 Q3
7 Dec 23
AIRI
Earnings call transcript
2023 Q2
9 Aug 23
AIRI
Earnings call transcript
2023 Q1
12 Jul 23
AIRI
Earnings call transcript
2022 Q4
4 Apr 23
AIRI
Earnings call transcript
2022 Q3
15 Nov 22
AIRI
Earnings call transcript
2022 Q2
8 Aug 22
AIRI
Earnings call transcript
2022 Q1
3 May 22
AIRI
Earnings call transcript
2021 Q4
8 Mar 22
AIRI
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 740.00 k | 740.00 k | 740.00 k | 740.00 k | 740.00 k | 740.00 k |
Cash burn (monthly) | 32.33 k | (no burn) | 433.00 k | 267.58 k | (no burn) | (no burn) |
Cash used (since last report) | 237.44 k | n/a | 3.18 mm | 1.97 mm | n/a | n/a |
Cash remaining | 502.56 k | n/a | -2.44 mm | -1.23 mm | n/a | n/a |
Runway (months of cash) | 15.5 | n/a | -5.6 | -4.6 | n/a | n/a |
Institutional ownership, Q2 2023
9.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 11 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 2 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 1.10 bn |
Total shares | 310.60 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Richmond Brothers | 127.89 k | $454.01 mm |
Vanguard | 111.99 k | $397.55 mm |
Raymond James Financial Services Advisors | 30.28 k | $107.51 mm |
Geode Capital Management | 16.53 k | $58.69 mm |
Susquehanna International | 11.09 k | $39.38 mm |
Advisor | 5.00 k | $17.75 mm |
Beacon Capital Management | 4.64 k | $16.47 mm |
Tower Research Capital | 2.66 k | $9.45 mm |
BAC Bank Of America | 319.00 | $1.13 mm |
UBS UBS Group AG - Registered Shares | 183.00 | $650.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Apr 24 | Taglich Michael N | Common Stock | Grant | Acquire A | No | No | 4.81 | 2,619 | 12.60 k | 430,666 |
25 Apr 24 | Porcelain Michael | Common Stock | Grant | Acquire A | No | No | 4.81 | 2,704 | 13.01 k | 42,803 |
25 Apr 24 | Taglich Robert | Common Stock | Grant | Acquire A | No | No | 4.81 | 2,619 | 12.60 k | 262,560 |
8 Jan 24 | Porcelain Michael | Common Stock | Other | Acquire J | No | No | 3.1 | 4,195 | 13.00 k | 40,099 |
8 Jan 24 | Taglich Michael N | Common Stock | Other | Acquire J | No | No | 3.1 | 4,064 | 12.60 k | 428,580 |