Air Industries (US:AIRI)2025-11-14 22:17Financial Performance - Net sales for Q3 2025 were $10.3 million, a decrease of 17.9% compared to $12.6 million in Q3 2024[3] - For the nine months ended September 30, 2025, net sales were $35.1 million, down from $40.2 million in the same period of 2024[5] Profitability - Gross profit for Q3 2025 was $2.3 million, with a gross margin of 22.3%, up from 15.5% in Q3 2024[4] - Adjusted EBITDA for the nine months ended September 30, 2025, was $2.7 million, compared to $2.6 million in 2024[5] - Gross profit for the nine months ended September 30, 2025, was $6.4 million, with a gross margin of 18.1%[9] - Net loss for Q3 2025 was $44,000, significantly improved from a net loss of $404,000 in Q3 2024[4] - Operating loss for the nine months ended September 30, 2025, was $422,000, compared to an operating income of $560,000 in 2024[9] Operating Expenses - Operating expenses for Q3 2025 were $2.0 million, an increase of 5.6% from $1.9 million in Q3 2024[4] Future Outlook - The company aims to drive profitability and operational efficiency as it enters Q4 2025[8] - Air Industries Group will host a conference call on November 17, 2025, to discuss these financial results[11]