Air T Inc (AIRTP)

Industrials | Integrated Freight Logistics
Income Statement (Quarterly) 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenue 70,870,000 66,315,000 77,880,000 17,129,000
Cost of Revenue 55,393,000 56,602,000 60,890,000 38,721,000
Gross Profit 15,477,000 9,713,000 16,990,000 -21,592,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 15,031,000 15,231,000 14,181,000 14,202,000
Operating Expenses 15,031,000 12,942,000 15,174,000 14,202,000
Operating Income 446,000 -3,229,000 1,816,000 3,899,000
Interest Expense 2,314,000 1,884,000 2,561,000 2,162,000
Income Before Tax -807,000 -7,493,000 -896,000 3,299,000
Income Tax Expense -136,000 -331,000 347,000 336,000
Net Income -1,636,000 -7,028,000 -1,297,000 2,520,000
Per Share
EPS -0.61 -2.60 -0.47 0.91
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenue 291,850,000 286,834,000 247,323,000 177,077,000
Cost of Revenue 231,659,000 230,349,000 198,498,000 137,695,000
Gross Profit 60,191,000 56,485,000 48,825,000 39,382,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 57,848,000 51,096,000 45,384,000 29,817,000
Operating Expenses 58,283,000 55,221,000 45,384,000 29,817,000
Operating Income 1,908,000 1,264,000 4,427,000 8,755,000
Interest Expense 8,929,000 7,008,000 7,932,000 4,808,000
Income Before Tax -4,988,000 -3,955,000 -11,353,000 13,396,000
Income Tax Expense 423,000 729,000 432,000 1,169,000
Net Income -6,140,000 -6,819,000 -11,785,000 10,928,000
Per Share
EPS -2.23 -2.42 -4.14 3.79
EPS Diluted 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets
Cash and Cash Equivalents 5,932,000 7,100,000 5,806,000 5,616,000
Short Term Investments 422,000 531,000 2,161,000 859,000
Net Receivables 24,778,000 26,004,000 28,694,000 32,052,000
Inventory 38,516,000 60,720,000 71,125,000 75,167,000
Total Current Assets 78,507,000 102,877,000 116,557,000 128,243,000
Property Plant Equipment 48,221,000 32,489,000 33,188,000 43,075,000
Goodwill and Intangibles 20,562,000 21,518,000 22,666,000 23,386,000
Total Assets 173,778,000 177,167,000 189,562,000 207,599,000
Liabilities
Account Payables 17,782,000 15,072,000 10,449,000 9,397,000
Short Term Debt 12,758,000 16,119,000 40,400,000 7,925,000
Total Current Liabilities 47,661,000 46,841,000 64,286,000 30,907,000
Long Term Debt 116,357,000 109,083,000 97,120,000 136,060,000
Total Liabilities 168,242,000 158,371,000 163,870,000 171,121,000
Shareholders Equity
Retained Earnings 2,130,000 8,192,000 13,686,000 26,729,000
Total Shareholders Equity -3,216,000 4,770,000 11,904,000 24,613,000
Balance Sheet (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Assets
Cash and Cash Equivalents 5,932,000 7,100,000 5,806,000 5,616,000
Short Term Investments 422,000 531,000 2,161,000 859,000
Net Receivables 24,778,000 26,004,000 28,694,000 32,052,000
Inventory 38,516,000 60,720,000 71,125,000 75,167,000
Total Current Assets 78,507,000 102,877,000 116,557,000 128,243,000
Property Plant Equipment 48,221,000 32,489,000 33,188,000 43,075,000
Goodwill and Intangibles 20,562,000 21,518,000 22,666,000 23,386,000
Total Assets 173,778,000 177,167,000 189,562,000 207,599,000
Liabilities
Account Payables 17,782,000 15,072,000 10,449,000 9,397,000
Short Term Debt 12,758,000 16,119,000 40,400,000 7,925,000
Total Current Liabilities 47,661,000 46,841,000 64,286,000 30,907,000
Long Term Debt 116,357,000 109,083,000 97,120,000 136,060,000
Total Liabilities 168,242,000 158,371,000 163,870,000 171,121,000
Shareholders Equity
Retained Earnings 2,130,000 8,192,000 13,686,000 26,729,000
Total Shareholders Equity -3,216,000 4,770,000 11,904,000 24,613,000
Cash Flow Statement (Quarterly) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Activities
Net Income -5,411,000 -4,684,000 -11,785,000 12,227,000
Depreciation & Amortization 4,356,000 2,798,000 4,162,000 1,860,000
Stock Based Compensation 0 0 300,000 400,000
Change in Working Capital 22,419,000 18,264,000 17,383,000 -40,484,000
Operating Cash Flow 23,496,000 17,178,000 16,909,000 -33,084,000
Investing Activities
Capital Expenditure -15,679,000 -1,076,000 -1,178,000 -1,558,000
Investments -15,679,000 -1,076,000 -1,178,000 -1,558,000
Investing Cash Flow -20,189,000 -2,499,000 -6,168,000 -33,388,000
Financing Activities
Debt Repayment -5,024,000 -21,198,000 -160,808,000 -88,364,000
Common Stock Issued/Repurchased -1,445,000 8,780,000 0 11,278,000
Dividends Paid 0 0 0 0
Financing Cash Flow -4,801,000 -13,910,000 -12,380,000 59,254,000
Summary
Free Cash Flow 7,817,000 16,102,000 15,731,000 -34,642,000
Net Change in Cash -1,086,000 753,000 -1,278,000 -7,559,000
Cash Flow Statement (Annual) 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Activities
Net Income -5,411,000 -4,684,000 -11,785,000 12,227,000
Depreciation & Amortization 4,356,000 2,798,000 4,162,000 1,860,000
Stock Based Compensation 0 0 300,000 400,000
Change in Working Capital 22,419,000 18,264,000 17,383,000 -40,484,000
Operating Cash Flow 23,496,000 17,178,000 16,909,000 -33,084,000
Investing Activities
Capital Expenditure -15,679,000 -1,076,000 -1,178,000 -1,558,000
Investments -15,679,000 -1,076,000 -1,178,000 -1,558,000
Investing Cash Flow -20,189,000 -2,499,000 -6,168,000 -33,388,000
Financing Activities
Debt Repayment -5,024,000 -21,198,000 -160,808,000 -88,364,000
Common Stock Issued/Repurchased -1,445,000 8,780,000 0 11,278,000
Dividends Paid 0 0 0 0
Financing Cash Flow -4,801,000 -13,910,000 -12,380,000 59,254,000
Summary
Free Cash Flow 7,817,000 16,102,000 15,731,000 -34,642,000
Net Change in Cash -1,086,000 753,000 -1,278,000 -7,559,000