For the quarter ending 2026-03-31, AIRI had -$3,697K decrease in cash & cash equivalents over the period. $2,049K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net loss | 434 | -44 | -1,410 |
| Depreciation of property and equipment | -1,103 | 627 | 1,187 |
| Gain on sale of equipment | - | 68 | 0 |
| Stock-based compensation | 128 | 166 | 670 |
| Changes in allowance for credit losses | - | -8 | 28 |
| Amortization of finance lease right-of-use assets | -98 | 49 | 98 |
| Amortization of operating lease right-of-use assets | -346 | 157 | 357 |
| Deferred gain on sale | -20 | 10 | 19 |
| Amortization of deferred financing costs | - | 17 | 34 |
| Allowance for credit losses | 165 | - | - |
| Accounts receivable | 2,714 | -238 | -1,897 |
| Inventory | -4,595 | 4,240 | 1,376 |
| Prepaid expenses and other current assets | 236 | 121 | 17 |
| Contract costs receivable | - | 0 | -296 |
| Prepaid taxes | -19 | 0 | 20 |
| Deposits and other assets | 20 | -29 | -17 |
| Accounts payable and accrued expenses | -2,768 | 794 | 1,249 |
| Operating lease liabilities | 429 | -210 | -448 |
| Customer deposits | 1,250 | 0 | -673 |
| Net cash (used in) provided by operating activities | -544 | -2,624 | 1,870 |
| Proceeds from sale of equipment | - | 200 | 0 |
| Proceeds from term loan - current credit facility | - | 0 | 1,640 |
| Purchase of property and equipment | -2,593 | 905 | 2,113 |
| Net proceeds from common stock issued for cash | - | 3,455 | 1,185 |
| Net cash used in investing activities | 2,393 | -705 | -2,113 |
| Payments for taxes related to net share settlement of equity awards | - | 0 | 127 |
| Payments of subordinated notes - related party | - | 0 | 1,291 |
| Note payable - revolver - net - current credit facility | -1,268 | 3,744 | -811 |
| Payments of term loan - current credit facility | -485 | 262 | 485 |
| Payments of solar credit facility | 14 | - | - |
| Payments of finance lease obligations | -108 | 57 | 109 |
| Payments of loan payable - financed asset | -5 | 2 | 5 |
| Net cash provided by (used in) financing activities | -5,546 | 6,878 | -3 |
| Net decrease in cash | -3,697 | 3,549 | -246 |
| Cash at beginning of period | 4,056 | 753 | - |
| Cash at end of period | 4,216 | 4,056 | - |
AIR INDUSTRIES GROUP (AIRI)
AIR INDUSTRIES GROUP (AIRI)