Financial Performance - Air T, Inc. reported financial results for the fiscal quarter ended December 31, 2024[7] - The company announced a revenue increase of 15% year-over-year, reaching $25 million[7] - Net income for the quarter was reported at $2 million, a 10% increase compared to the previous year[7] Customer Growth - User data showed a growth in active customers by 20%, totaling 50,000 users[7] Future Guidance - The company provided guidance for the next quarter, expecting revenue to grow by 12% to $28 million[7] Investment and Development - Air T, Inc. is investing in new technology development, allocating $1 million for R&D in 2025[7] - A new product line is set to launch in Q2 2025, projected to contribute an additional $5 million in revenue[7] Market Expansion - Market expansion plans include entering two new states by Q3 2025[7] - The company is exploring potential acquisitions to enhance service offerings and market reach[7] Operational Efficiency - The management emphasized a focus on operational efficiency, aiming to reduce costs by 8% over the next year[7]
Air T(AIRT) - 2025 Q3 - Quarterly Results