Air Industries Group
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Air Industries Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 3% to $51,516,000. Profit margin reached -4%. Total operating expenses were $7,723,000.
Profit Margin
| 2014 | 64.33M | 667K | 1.04% |
|---|---|---|---|
| 2015 | 80.44M | -832K | -1.03% |
| 2016 | 66.91M | -15.62M | -23.35% |
| 2017 | 49.86M | -15.87M | -31.83% |
| 2018 | 46.30M | -9.60M | -20.75% |
| 2019 | 54.57M | -2.59M | -4.76% |
| 2020 | 50.09M | 1.09M | 2.19% |
| 2021 | 58.93M | -43K | -0.07% |
| 2022 | 53.23M | -759K | -1.43% |
| 2023 | 51.51M | -2.13M | -4.14% |
AIRI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 51.51M | 53.23M | 58.93M | 50.09M | 54.57M | 46.30M | 49.86M | 66.91M | 80.44M | 64.33M |
Cost of revenue | 44.08M | 45.78M | 48.68M | 43.58M | 45.43M | 40.89M | 45.00M | 60.19M | 63.16M | 50.23M |
Gross profit | 7.42M | 7.45M | 10.25M | 6.51M | 9.14M | 5.41M | 4.86M | 6.72M | 17.28M | 14.09M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 668K | 423K | 362K | 341K | 375K |
Selling and marketing | 87K | 162K | 135K | 91K | 134K | 151K | 196K | 180K | 197K | 98K |
Total operating expenses | 7.72M | 7.64M | 7.76M | 7.95M | 8.53M | 8.83M | 11.45M | 17.50M | 16.55M | 11.96M |
Operating income | -295K | -55K | 2.48M | -1.00M | 1.27M | -3.42M | -6.58M | -10.78M | 626K | 1.73M |
Other income (expenses), net | -1.83M | -1.02M | -860K | 1.35M | -3.83M | -6.18M | -3.51M | -126K | -1.74M | -1.43M |
Income before tax | -2.13M | -1.07M | 1.62M | -86K | -2.56M | -9.60M | -16.07M | -13.51M | -1.11M | 299K |
Income tax expense | 0 | -317K | 1.67M | -1.41M | 37K | 3K | -197K | 2.11M | -286K | -368K |
Net income | -2.13M | -759K | -43K | 1.09M | -2.59M | -9.60M | -15.87M | -15.62M | -832K | 667K |
Earnings per share | ||||||||||
Basic EPS | -0.65 | -0.24 | -0.01 | 0.36 | -0.9 | -3.6 | -12 | -20.61 | -1.11 | 1 |
Diluted EPS | -0.65 | -0.24 | -0.01 | 0.3 | -0.9 | -3.57 | -12 | -20.61 | -1.11 | 1 |
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