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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)
Former names
AIR TRANSPORTATION HOLDING CO INC
SEC CIK
IRS number
521206400

AIRT stock data

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Calendar

12 Feb 21
18 Apr 21
31 Mar 22
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

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 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%

Financial report summary

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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
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