Core Viewpoint - Air Industries Group reported solid financial results for the third quarter and nine months ended September 30, 2025, showing improvements in Adjusted EBITDA and gross margins compared to the previous year [1][5]. Third Quarter Results - Net sales for Q3 2025 were $10.3 million, a decrease from $12.6 million in Q3 2024 [2]. - Adjusted EBITDA for Q3 2025 was $1.3 million, up from $845,000 in Q3 2024 [2]. - Gross profit for Q3 2025 was $2.3 million, with a gross margin of 22.3%, compared to 15.5% in Q3 2024 [3]. - Operating expenses increased by 5.6% to $2.0 million compared to Q3 2024 [3]. - The net loss for Q3 2025 was $44,000, significantly improved from a net loss of $404,000 in Q3 2024 [3]. Nine Months Results - Net sales for the nine months ended September 30, 2025, were $35.1 million, down from $40.2 million in the same period of 2024 [4]. - Adjusted EBITDA for the nine months was $2.7 million, slightly up from $2.6 million in 2024 [4]. - Gross profit for the nine months was $6.4 million, with a gross margin of 18.1%, compared to 16.2% in 2024 [7]. - Operating expenses for the nine months increased to $6.8 million, leading to an operating loss of $422,000, compared to an operating income of $560,000 in 2024 [7]. - The net loss for the nine months was $1.5 million, compared to a loss of $812,000 in 2024 [7]. Management Commentary - The CEO of Air Industries Group highlighted the solid results for Q3 2025, emphasizing improvements in Adjusted EBITDA and gross margins due to expense reduction efforts [5]. - The company remains focused on driving profitability and operational efficiency as it approaches the end of the fiscal year [5]. Company Overview - Air Industries Group is a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, producing critical products such as landing gears and engine mounts [8].