Air Industries net loss more than doubles to $846,000 in Q2 FY26; net sales fall 5.25% to $12 million

Air Industries posted a GAAP net loss of $846,000, more than doubled year-over-year.

Net sales fell 5.25% to $12 million, reflecting changes in the mix of products delivered.

Gross profit margin expanded 4.7 percentage points to 20.7%, helped by product mix shifts and operating efficiencies.

Operating expenses climbed 41.04% to $2.85 million, driven by about $1.2 million in merger-related professional fees.

Management flagged going-concern uncertainty as $24.01 million of credit-facility debt matures Sept. 30, 2026 and the lender does not want to renew.