Air Industries Group Files Q2 2024 10-Q

TL;DR

AIR files 10-Q for Q2 2024. Financials and operations update.

AI Summary

Air Industries Group filed its 10-Q for the quarterly period ended June 30, 2024. The company, incorporated in Nevada, operates in the aircraft parts and auxiliary equipment sector. Its principal executive offices are located at 1460 Fifth Avenue, Bay Shore, New York.

Why It Matters

This filing provides investors with an update on Air Industries Group's financial performance and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial information, not indicating immediate high risk.

Key Numbers

• 20240630 — Quarter End Date (The report covers the period ending on this date.)
• 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)

Key Players & Entities

• AIR INDUSTRIES GROUP (company) — Registrant
• June 30, 2024 (date) — Quarterly period end date
• 1460 Fifth Avenue, Bay Shore, New York (location) — Principal executive offices
• 001-35927 (dollar_amount) — Commission File Number

FAQ

Filing Documents

• ea0210641-10q_airindustries.htm (10-Q) — 636KB
• ea021064101ex31-1_airindus.htm (EX-31.1) — 10KB
• ea021064101ex31-2_airindus.htm (EX-31.2) — 10KB
• ea021064101ex32-1_airindus.htm (EX-32.1) — 4KB
• ea021064101ex32-2_airindus.htm (EX-32.2) — 4KB
• 0001213900-24-068972.txt ( ) — 4710KB
• airi-20240630.xsd (EX-101.SCH) — 46KB
• airi-20240630_cal.xml (EX-101.CAL) — 48KB
• airi-20240630_def.xml (EX-101.DEF) — 237KB
• airi-20240630_lab.xml (EX-101.LAB) — 443KB
• airi-20240630_pre.xml (EX-101.PRE) — 245KB
• ea0210641-10q_airindustries_htm.xml (XML) — 606KB

Financial Statements

Financial Statements Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 4.

Controls and Procedures

Controls and Procedures 26 PART II. OTHER INFORMATION 27 Item 1A.

Risk Factors

Risk Factors 27 Item 6. Exhibits 27

SIGNATURES

SIGNATURES 28 i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q filed by Air Industries Group (herein referred to as "Air Industries", the "company", "we", "us", or "our") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, or Exchange Act. Certain of the matters discussed herein concerning, among other items, our operations, cash flows, financial position and economic performance including, in particular, future sales, product demand, competition and the effect of economic conditions, include forward-looking statements.

Forward-looking statements

Forward-looking statements are predictive in nature and can be identified by the fact that they do not relate strictly to historical or current facts and generally include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions. Although we believe that these statements are based upon reasonable assumptions, including projections of orders, sales, operating margins, earnings, cash flow, research and development costs, working capital, capital expenditures, distribution channels, profitability, new products, adequacy of funds from operations, and general economic conditions, these statements and other projections contained herein expressing opinions about future outcomes and non-historical information, are subject to uncertainties and, therefore, there is no assurance that the outcomes expressed in these statements will be achieved. Investors are cautioned that forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the expectations expressed in forward-looking statements contained herein. Given these uncertainties, you should not place any reliance on these forward-looking statements which speak only as of the date hereof. Factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, and elsewhere in this report and the risks discussed in our other filings with the Security and Exchange Commission ("SEC"). We do not intend to update or revise publicly and undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. You are advised, however, to review any additional disclosures we make in our report

View Full Filing

View this 10-Q filing on SEC EDGAR