AIRT Air T Dashboard

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

NASDAQ

Website

www.airt.net/

CEO

Nicholas Swenson

Incorporated

Delaware

Location

North Carolina

Fiscal year end

Mar 31

Sector

Transportation and Warehousing > Couriers and Express Delivery Services

Industry (SIC)

Air Courier Services

Fedex • Air Transport Services ...

Former names

AIR TRANSPORTATION HOLDING CO INC

SEC CIK

0000353184

Corporate docs

Articles of Incorporation & Bylaws

IRS number

521206400

AIRT stock data

S&P 500

1M 1Y 2Y 5Y

News

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Air T Files For $15M Mixed Shelf Offering

11 Mar 21

https://www.sec.gov/Archives/edgar/data/0000353184/000143774921005588/airt20210309_s3.htm

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16 Feb 21

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10 Feb 21

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8 Feb 21

Press releases

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Air T, Inc. Reports Third Quarter Fiscal 2021 Results

12 Feb 21

DENVER, NC / ACCESSWIRE / February 12, 2021 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and

Calendar

12 Feb 21

18 Apr 21

31 Mar 22

Financial summary

Financial statements Chart AIRT financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 20	Mar 19	Mar 18	Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

Recent insider trades

AIRT insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

AIRT institutional ownership history Ownership history

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	Prev Q	Change
Total holders	15	11	+36.4%
Opened positions	4	0	NEW
Closed positions	0	3	EXIT
Increased positions	3	1	+200.0%
Reduced positions	5	4	+25.0%

13F shares	Current	Prev Q	Change
Total value	35.14M	4.76M	+638.1%
Total shares	1.68M	490.6K	+242.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
AO Partners I	937.08K	$19.09M	NEW
Farnam Street Partners	446.22K	$8.62M	NEW
Renaissance Technologies	185.21K	$4.61M	-3.1%
Vanguard	48.93K	$1.22M	-6.0%
California Public Employees Retirement System	19.33K	$481K	-79.7%
BLK Blackrock	14.59K	$363K	0.0%
Dimensional Fund Advisors	13.98K	$348K	0.0%
Bridgeway Capital Management	8.25K	$205K	NEW
MS Morgan Stanley	3.33K	$83K	+202.3%
Tower Research Capital	1.68K	$42K	+321.9%

Largest transactions	Shares	Bought/sold	Change
AO Partners I	937.08K	+937.08K	NEW
Farnam Street Partners	446.22K	+446.22K	NEW
California Public Employees Retirement System	19.33K	-75.95K	-79.7%
FMR	54	-70.17K	-99.9%
WFC Wells Fargo & Co.	1.51K	-48.82K	-97.0%
Bridgeway Capital Management	8.25K	+8.25K	NEW
Renaissance Technologies	185.21K	-5.9K	-3.1%
Vanguard	48.93K	-3.14K	-6.0%
MS Morgan Stanley	3.33K	+2.23K	+202.3%
Tower Research Capital	1.68K	+1.28K	+321.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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

From filing 10-Q 2021 Q3