Welcome to our dedicated page for Air Industries SEC filings (Ticker: AIRI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Air Industries Group filings document material-event reporting for a Nevada aerospace and defense manufacturer with common stock listed on NYSE American under AIRI. The company’s Form 8-K disclosures cover financial results, preliminary results, executive departures and appointments, and amendments to its Loan and Security Agreement, including covenant waivers, maturity extensions and collateral arrangements.
Its regulatory record also addresses capital-structure matters such as common stock registration, debt obligations and at-the-market offering proceeds, along with governance, risk and shareholder-voting matters associated with corporate transactions and public-company reporting.
Air Industries Group director David Buonanno reported a new stock option grant on Form 4. On 12/08/2025, he received options to buy 10,000 shares of common stock at an exercise price of $3 per share. According to the vesting schedule, 5,000 shares vest on December 31, 2025, 2,500 shares vest on February 28, 2026, and 2,500 shares vest on May 31, 2026.
After this transaction, he beneficially owns 4,803 shares of common stock and multiple stock option awards with different exercise prices and expiration dates, including options expiring between July 31, 2026 and November 30, 2030. All of the previously listed option grants are exercisable in full.
Air Industries Group director reported a new stock option award on a Form 4. On December 8, 2025, the director acquired 10,000 stock options with an exercise price of $3 per share, each option relating to one share of common stock and expiring on November 30, 2030. The award vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026, and 2,500 shares on May 31, 2026. The filing also lists several previously granted stock options with exercise prices ranging from $3.43 to $23.8 and expirations between 2025 and 2029, all shown as held directly.
Air Industries Group reported an amended insider stock grant for one of its directors. The Form 4/A corrects a prior filing for an equity award originally reported on 10/22/2025. The director received a grant of 4,443 shares of common stock at a price of $3.22 per share under the company’s equity plan, and now beneficially owns 66,667 shares directly after this transaction. The explanation notes that this amendment adjusts the number of shares granted from 3,823 to 4,443 to accurately reflect the equity plan award.
Air Industries Group reported financial results for the three and nine months ended September 30, 2025 and announced a conference call to discuss the results. The call is scheduled for Monday, November 17, 2025 at 8:00 AM Eastern Time, accessible at 877-524-8416, with a replay available at www.airindustriesgroup.com. The press release is furnished as Exhibit 99.1. The company states this information is furnished, not filed, under the Exchange Act.
Air Industries Group filed its quarterly report, highlighting softer sales but improved margins and a going concern warning tied to near-term debt maturities and covenant issues.
For Q3 2025, net sales were $10.309 million versus $12.555 million a year ago, while gross margin rose to 22.3% from 15.5%. Net loss narrowed to $44,000 from $404,000 as cost reductions and mix improved profitability. Year to date, sales were $35.111 million versus $40.188 million, with a net loss of $1.454 million.
Liquidity remains tight: cash was $126,000 with $3.93 million in restricted cash. Total debt was $28.645 million, including a revolver of $15.838 million and term loan of $6.118 million. The credit facility expires on December 30, 2025, and related party notes mature on July 1, 2026. Management disclosed “substantial doubt” about continuing as a going concern given expirations and covenant defaults, despite ongoing refinancing discussions. Backlog was $131.8 million, with total unfilled contract values of $269.0 million. A prior IT controls material weakness remains unremediated.
Air Industries Group (AIRI) reported an insider transaction by a director. On 10/22/2025, the director acquired 3,823 shares of common stock at $3.22 pursuant to an equity plan, increasing direct beneficial ownership to 66,047 shares.
The filing also lists vested stock options, including 10,000 options at $3.75 expiring 08/31/2029, along with several smaller grants at exercise prices from $3.43 to $23.8 with expirations between 2025 and 2028.
Air Industries Group entered into a Ninth Amendment to its Loan and Security Agreement with Webster Bank on September 10, 2025. Under this amendment, the company agreed that $3,930,000 of proceeds from its at-the-market equity offering will be kept in an interest-bearing account at Webster Bank.
The cash in this account will serve as security for Air Industries Group’s obligations under the existing loan and security agreement, effectively pledging part of its ATM proceeds as collateral to support its credit facility.
Air Industries Group entered into a Ninth Amendment to its Loan and Security Agreement with Webster Bank on September 10, 2025. Under this amendment, the company agreed that $3,930,000 of proceeds from its at-the-market equity offering will be kept in an interest-bearing account at Webster Bank.
The cash in this account will serve as security for Air Industries Group’s obligations under the existing loan and security agreement, effectively pledging part of its ATM proceeds as collateral to support its credit facility.
Air Industries Group reported that it has received two new defense contracts worth approximately $6.9 million for Fixed Wing Landing Gear Components and Rotorcraft Components for combat helicopters. These aftermarket orders support maintenance, repair, and overhaul work for aircraft already in service, adding recurring-style business rather than one-time production only. With these awards, the company’s total aftermarket bookings rise to more than $13 million and account for nearly half of its new business since the end of the first quarter of this year. Management highlights increased penetration of the aftermarket as a primary goal for 2025 and beyond, and describes these contracts as significant evidence that this strategy is gaining traction.
Air Industries Group is registering an additional 250,000 shares of common stock for issuance under its 2022 Equity Incentive Plan. Shareholders approved an amendment to the plan that increased the share pool from 650,000 to 900,000 shares, expanding the company’s capacity to grant stock-based awards to employees, officers and directors.
Air Industries Group (AIRI) reported lower sales and widening losses for the six months ended June 30, 2025, with revenue of $24.8 million, down 10.2% year-over-year, and a net loss of $1.41 million. Gross margin held near 16.4% but operating expenses rose, driven in part by higher stock-based compensation and IT investments.
The company faces a material financing risk: it failed its Fixed Charge Coverage Ratio, attaining 0.76x versus the required 1.05x (and future 1.25x), the Webster Bank credit facility matures December 30, 2025, and the term loan is classified as current. Management cites a funded backlog of $128.5 million and recent ATM equity proceeds (gross $1.243 million in the first half of 2025 and $3.623 million subsequently) as liquidity supports, and operating cash flow improved to $1.87 million for the six months. Management discloses substantial doubt about continuing as a going concern pending refinancing or capital raises.