Air Industries (US:AIRI)2025-11-17 14:00Financial Data and Key Metrics Changes - Net sales for Q3 2025 were $10.3 million, showing improvement compared to both the first two quarters of 2025 and Q3 2024 [6] - Gross profit was $2.3 million, representing 22.3% of sales, reflecting benefits from cost reduction initiatives [6] - Operating income was $316,000, with a net loss of $44,000 or $0.01 per share, compared to a loss of $404,000 in Q3 2024 [6] - Adjusted EBITDA for the nine months ended September 30th was $2.7 million, up nearly 5% from the prior year [6] - Total debt increased by approximately $2.4 million [7] Business Line Data and Key Metrics Changes - Inventory increased by $5.6 million due to investments in work in process inventory and materials for future deliveries [7] - Accounts receivable decreased by $2.1 million, while accounts payable increased by approximately $2 million [7] Market Data and Key Metrics Changes - The company reported strong backlog levels and healthy demand from both existing and new customers, indicating positive market conditions [8] Company Strategy and Development Direction - The company is focused on execution, cost control, and driving shareholder value, with confidence in the strength of its core business [8] - Ongoing discussions with lenders regarding potential refinancing or extension of obligations are a priority [4][8] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong finish to fiscal 2025 and continued momentum into 2026 [8] Other Important Information - The company is actively engaged in discussions with lenders regarding its credit facility and subordinated debt [4] Q&A Session Summary - No questions were posed during the Q&A session, and the call concluded without further inquiries [10][11]