AIR INDUSTRIES GROUP (AIRI) Form 10-Q — May 13, 2026

$AIRIForm 10-QFiled May 13, 2026, 4:01 PM ET0001213900-26-055772Original filing

Air Industries Group reported a net loss of $1,020,000 for the three months ended March 31, 2026, compared to a net loss of $988,000 for the same period in 2025. The company's revenue decreased from $12,135,000 in 2025 to $11,606,000 in 2026, a decline of 4.4%. The company is in default of its minimum Fixed Charge Coverage Ratio (FCCR) of 1.10x, having only achieved a ratio of 0.93x as of March 31, 2026. This default, combined with the expiration of the Current Credit Facility on September 30, 2026, raises substantial doubt about the company's ability to continue as a going concern.

Key figures

Revenue: 11606000
Total Debt: 29747000
Cash Position: 286000
FCCR: 0.93
Backlog: 134700000
Total unfilled contract values: 269200000

Price after filing

1 day: -3.1%7 days: +4.2%30 days: +7.9%

Close on the filing date to close N calendar days later (from $2.86). Historical, not a forecast.

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