Filing Flows › Air Industries (AIRI) › Q4 2024
Air Industries (AIRI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Air Industries (AIRI) reported revenue of $14.9M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and +19% from the quarter before. Operating margin was -0.7%, net loss $554K (3.7% of revenue).
Air Industries, Q4 2024: revenue $14.9M (+11% year over year), operating margin -0.7%, net loss $554K, operating cash flow −$184K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | +19% | +11% |
| Operating profit | −$101K | — | — |
| Net earnings | −$554K | — | — |
| Operating cash flow | −$184K | — | — |
What changed
Revenue was $14.9M in Q4 2024, up 11% year over year and up 19% from the previous quarter. Military was the largest line at 69% of revenue.
Gross margin was 16.4%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $101K, an operating margin of -0.7%. Operating expenses grew 63% against revenue growth of 11%. The quarter ended with a net loss of $554K, wider than the previous quarter's $404K loss. Net interest and other expense of $453K was the main reason.
Operating cash flow was −$184K. Non-cash charges added back $539K of depreciation and $495K of share-based compensation. Working capital and other items used $664K. Capital expenditures of $801K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Air Industries' revenue in the fourth quarter 2024?
Air Industries (AIRI) reported revenue of $14.9M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and +19% from the quarter before.
Was Air Industries profitable in the fourth quarter 2024?
Operating loss was $101K (-0.7% of revenue) and net loss $554K.
Source: Air Industries 10-K on SEC EDGAR.