AIRT Air T

Air T, Inc. is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other. The Overnight Air Cargo segment operates in the air express delivery services industry. The Ground Equipment Sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers. The Ground Support Services segment offers ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. The Commercial Aircrafts, Engines & Parts segment manages and leases aviation assets, supplies surplus and aftermarket commercial jet engine components, provides commercial aircraft disassembly, part-out services, commercial aircraft parts sales. The Printing Equipment & Maintenance segment designs, manufactures and sells advanced digital print production equipment and provides maintenance services to commercial customers. The Corporate & Other segment acts as the capital allocator and resource for other segments. Air T was founded in 1980 and is headquartered in Denver, NC.
Company profile
Ticker
AIRT, AIRTP
Exchange
Website
CEO
Nicholas Swenson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Fedex • Air Transport Services ...
Former names
AIR TRANSPORTATION HOLDING CO INC
SEC CIK
Corporate docs
IRS number
521206400
AIRT stock data
()
Calendar
12 Feb 21
18 Apr 21
31 Mar 22
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Financial data from Air T earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 43.35M | 43.35M | 43.35M | 43.35M | 43.35M | 43.35M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 217.42K | 345K | 1.84M |
Cash used (since last report) | n/a | n/a | n/a | 786.57K | 1.25M | 6.64M |
Cash remaining | n/a | n/a | n/a | 42.57M | 42.1M | 36.71M |
Runway (months of cash) | n/a | n/a | n/a | 195.8 | 122.0 | 20.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Jan 21 | Swenson Nicholas John | Common Stock | Buy | Aquire P | Yes | Yes | 20.25 | 1,292 | 26.16K | 940,750 |
29 Jan 21 | Cabillot Raymond E | Common Stock | Buy | Aquire P | Yes | Yes | 20.25 | 1,291 | 26.14K | 395,848 |
28 Jan 21 | Swenson Nicholas John | Common Stock | Buy | Aquire P | Yes | Yes | 20.2497 | 1,874 | 37.95K | 939,458 |
28 Jan 21 | Cabillot Raymond E | Common Stock | Buy | Aquire P | Yes | Yes | 20.2497 | 1,875 | 37.97K | 394,557 |
27 Jan 21 | Swenson Nicholas John | Common Stock | Buy | Aquire P | Yes | Yes | 20.25 | 500 | 10.13K | 937,584 |
27 Jan 21 | Cabillot Raymond E | Common Stock | Buy | Aquire P | Yes | Yes | 20.25 | 500 | 10.13K | 392,682 |
19 Jan 21 | Swenson Nicholas John | Common Stock | Gift | Dispose G | No | No | 0 | 1,291 | 0 | 59,170 |
19 Jan 21 | Swenson Nicholas John | Common Stock | Gift | Dispose G | No | No | 0 | 1,291 | 0 | 59,170 |
31 Dec 20 | Cabillot Raymond E | Common Stock | Buy | Aquire P | Yes | No | 20.1116 | 5,586 | 112.34K | 54,035 |
31 Dec 20 | Cabillot Raymond E | Common Stock | Buy | Aquire P | Yes | No | 20.1118 | 13,034 | 262.14K | 392,182 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
58.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 15 |
Opened positions | 4 |
Closed positions | 0 |
Increased positions | 3 |
Reduced positions | 5 |
13F shares |
Current |
---|---|
Total value | 35.14M |
Total shares | 1.68M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
AO Partners I | 937.08K | $19.09M |
Farnam Street Partners | 446.22K | $8.62M |
Renaissance Technologies | 185.21K | $4.61M |
Vanguard | 48.93K | $1.22M |
California Public Employees Retirement System | 19.33K | $481K |
BLK Blackrock | 14.59K | $363K |
Dimensional Fund Advisors | 13.98K | $348K |
Bridgeway Capital Management | 8.25K | $205K |
MS Morgan Stanley | 3.33K | $83K |
Tower Research Capital | 1.68K | $42K |
Financial report summary
?Management Discussion
- Consolidated revenue decreased by $17.5 million or 24% to $55.8 million for the three-month period ended December 31, 2020 compared to the same quarter in the prior fiscal year.
- Revenues from the air cargo segment for the three-month period ended December 31, 2020 decreased by $2.4 million (13%) compared to the third quarter of the prior fiscal year. The decrease was principally attributable to lower maintenance revenue as a result of fewer operating aircraft due to COVID-19.
- The ground equipment sales segment contributed approximately $20.8 million and $15.9 million to the Company’s revenues for the three-month periods ended December 31, 2020 and 2019 respectively, representing a $4.8 million (30%) increase in the current quarter. The increase was primarily driven by a higher volume of truck sales to the U.S. Air Force. At December 31, 2020, the ground equipment sales segment’s order backlog was $17.3 million compared to $29.1 million at December 31, 2019.
Content analysis
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H.S. junior Avg
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New words:
carryback, differential, failure, fee, Flexibility, floating, Force, larger, lender, modification, original, origination, Park, Paycheck, PSB, recent, rollout, SBA, served, thereon, unconsolidated, usage, venture
Removed:
Certification, driver, duly, enhancing, Extensible, formatted, iii, incorporated, installed, iv, Language, pending, performed, President, registrant, thereunto, undersigned, work, XBRL
Financial reports
10-Q/A
2020 Q3
Quarterly report (amended)
12 Feb 21
10-Q
2021 Q3
Quarterly report
12 Feb 21
10-Q
2020 Q2
Quarterly report
12 Nov 20
10-Q
2020 Q1
Quarterly report
14 Aug 20
10-K
2019 FY
Annual report
26 Jun 20
10-Q
2020 Q3
Quarterly report
13 Feb 20
10-Q
2020 Q2
Quarterly report
12 Nov 19
10-Q
2020 Q1
Quarterly report
13 Aug 19
10-K
2019 FY
Annual report
28 Jun 19
10-Q
2019 Q3
Quarterly report
13 Feb 19
Current reports
8-K
Entry into a Material Definitive Agreement
31 Mar 21
8-K
Entry into a Material Definitive Agreement
5 Mar 21
8-K
Regulation FD Disclosure
11 Jan 21
8-K
Air T, Inc. Announces Intent to Form New Aircraft Equity Vehicle
23 Dec 20
8-K
Entry into a Material Definitive Agreement
11 Dec 20
8-K
Entry into a Material Definitive Agreement
30 Sep 20
8-K
Regulation FD Disclosure
2 Sep 20
8-K
Submission of Matters to a Vote of Security Holders
17 Aug 20
8-K
Regulation FD Disclosure
11 Aug 20
8-K
Regulation FD Disclosure
9 Jun 20
Registration and prospectus
424B3
Prospectus supplement
22 Mar 21
S-3
Shelf registration
10 Mar 21
424B3
Prospectus supplement
11 Jan 21
424B3
Prospectus supplement
2 Sep 20
424B3
Prospectus supplement
9 Jun 20
424B1
Prospectus with pricing info
10 Jun 19
S-1/A
IPO registration (amended)
4 Jun 19
8-A12B
Registration of securities on exchange
4 Jun 19
S-1/A
IPO registration (amended)
28 May 19
S-1/A
IPO registration (amended)
22 Jan 19
Proxies
DEFA14A
Additional proxy soliciting materials
29 Jul 20
DEF 14A
Definitive proxy
20 Jul 20
DEF 14A
Definitive proxy
19 Jul 19
DEF 14A
Definitive proxy
18 Jul 18
DFAN14A
Additional proxy materials by non-management
4 Jul 18
DFAN14A
Additional proxy materials by non-management
2 Jul 18
DFAN14A
Additional proxy materials by non-management
27 Jun 18
DFAN14A
Additional proxy materials by non-management
5 Jun 18
DEF 14A
Definitive proxy
20 Nov 17
DEF 14A
Definitive proxy
17 Jul 16
Other
EFFECT
Notice of effectiveness
22 Mar 21
CORRESP
Correspondence with SEC
16 Mar 21
UPLOAD
Letter from SEC
16 Mar 21
SD
Conflict minerals disclosure
29 May 20
EFFECT
Notice of effectiveness
10 Jun 19
CORRESP
Correspondence with SEC
4 Jun 19
CORRESP
Correspondence with SEC
3 Jun 19
SD
Conflict minerals disclosure
30 May 19
CORRESP
Correspondence with SEC
27 May 19
CT ORDER
Confidential treatment order
13 Feb 19
Ownership
SC 13D/A
AIR T / AO Partners I ownership change
22 Feb 21
SC 13G/A
AIR T / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21
SC 13G/A
OXBRIDGE RE / AIR T ownership change
2 Feb 21
4
AIR T / RAYMOND E CABILLOT ownership change
29 Jan 21
4
AIR T / Nicholas John Swenson ownership change
29 Jan 21
4
AIR T / Nicholas John Swenson ownership change
25 Jan 21
4
AIR T / Nicholas John Swenson ownership change
21 Jan 21
SC 13D/A
AIR T / AO Partners I ownership change
12 Jan 21
SC 13D/A
AIR T / FARNAM STREET PARTNERS ownership change
8 Jan 21
4/A
AIR T / RAYMOND E CABILLOT ownership change
7 Jan 21
Reddit threads
Daily Discussion Thread - February 17th, 2021
17 Feb 21
Daily Discussion Thread - February 11th, 2021
11 Feb 21
Daily Discussion Thread - February 10th, 2021
10 Feb 21
Daily Discussion Thread - February 9th, 2021
9 Feb 21
Daily Discussion Thread - February 8th, 2021
8 Feb 21
THE LOUNGE: thoughts, noob stuff, low effort, brokers, zero DD, non pennies - January 31, 2021
30 Jan 21
Daily Discussion Thread - November 11th, 2020
11 Nov 20
Daily Discussion Thread - November 10th, 2020
10 Nov 20
Daily Discussion Thread - November 9th, 2020
9 Nov 20