Business
Air T, Inc. Reports Fiscal 2025 Results
CHARLOTTE, NC / ACCESS Newswire / June 27, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies ...
About this update from Air T, Inc.
[{"type":"text","content":"CHARLOTTE, NC / ACCESS Newswire / June 27, 2025 / Air T, Inc. (NASDAQ:AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase stakeholder value over time. We believe we can apply corporate resources to help activate growth and overcome challenges.","length":400,"tagName":"p"},{"type":"text","content":"Our core segments are overnight air cargo; ground support equipment; commercial aircraft, engines and parts; and digital solutions.","length":131,"tagName":"p"},{"type":"text","content":"Today the Company is announcing results for the Fiscal year ended March 31, 2025:","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues totaled $291.9 million for the fiscal year ended March 31, 2025, an increase of $5.0 million, or 2% from the prior fiscal year.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income was $1.9 million for the fiscal year ended March 31, 2025, compared to operating income in the prior fiscal year of $1.3 million.","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA* of $7.4 million for the fiscal year ended March 31, 2025, compared to Adjusted EBITDA* of $6.2 million in the prior fiscal year.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"The investment balance for the Company's equity method investees was $19.0 million at March 31, 2025; as compared to $16.7 million at March 31, 2024.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Loss per share of $2.23 for the fiscal year ended March 31, 2025, compared to loss per share of $2.42 for the prior fiscal year.","length":128,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":708,"olType":false},{"type":"text","content":"*Adjusted EBITDA is a non-GAAP financial measure; see below for further explanation and reconciliation to GAAP measure.","length":119,"tagName":"p"},{"type":"text","content":"Company Chairman and CEO Nick Swenson commented:","length":48,"tagName":"p"},{"type":"text","content":""Air T is working to build shareholder value each and every day. We have a number of important initiatives in the works, and we are gaining traction with several new products and ma...