Fri, Jun 27, 9:04 PM (22 days ago)
The abstract/summary of the provided text is as follows: **Financial Performance:** - **Revenue:** The company reported total revenue of $291.9 million for the fiscal year ended March 31, 2025, a 2% increase from the previous year. - **Net Income:** The company reported a net loss of $5.4 million for the fiscal year ended March 31, 2025, compared to a net loss of $4.7 million in the previous year. - **Operating Income:** The company reported operating income of $1.9 million for the fiscal year ended March 31, 2025, compared to operating income of $1.3 million in the previous year. - **Earnings per Share:** The company reported a loss per share of $2.23 for the fiscal year ended March 31, 2025, compared to a loss per share of $2.42 in the previous year. **Strategic Overview:** - The company operates in four core industry segments: Overnight air cargo, Ground support equipment, Commercial aircraft, engines and parts, and Digital solutions. - The company has a central corporate function that acts as the capital allocator and resource for other consolidated businesses, referred to as Corporate and other. - The company has renamed its ground equipment sales segment to ground support equipment and renamed its commercial jet engines and parts segment to commercial aircraft, engines and parts to better align the descriptions of the segments with their activities. - The company has elected to separately disclose the digital solutions segment to better align its financial statement presentation with a key long-term growth area for the company. **Future Outlook:** - The company expects that issues caused by economic and business issues will continue to some extent. - The company expects that the fluidity of this situation precludes any prediction as to the ultimate adverse impact of these issues on economic and market conditions and its businesses in particular. **Risk Factors:** - The company faces various risks, including market fluctuations, rising inflation, competition for skilled management and staff employees, security threats and other sophisticated computer intrusions, legal liability, loss of key employees, and compliance with regulatory requirements. - The company also faces risks related to its structure and financing/liquidity, including the ranking of its obligations under the Junior Subordinated Debentures and the guarantee, the ability to maintain sufficient liquidity, and the ability to meet debt service obligations. **Financial Condition:** - The company held approximately $6.5 million in total cash, cash equivalents and restricted cash as of March 31, 2025. - The company's working capital amounted to $30.8 million as of March 31, 2025, a decrease of $25.2 million compared to March 31, 2024. **Market Position Changes:** - The company's stock is publicly traded on the NASDAQ Capital Market under the symbol “AIRT.” - The company has not paid any cash dividends since 2014. - The company has authorized a program to repurchase up to 1,125,000 shares of its common stock from time to time on the open market or in privately negotiated transactions, in compliance with SEC Rule 10b-18, over an indefinite period. **Amendment (if applicable):** - Not applicable. **Note:** The amounts are usually in thousands, 000s.