Air T, Inc. (OQ:AIRT)

Sector:  Industrials Industry:  Air Freight & Logistics
See Regulatory Filings on SEC
Company Contact
Address: 5930 Balsom Ridge Rd
DENVER NC 28037-9217
Tel: N/A
IR: See website
Key People
Nicholas John Swenson
Chairman of the Board, President, Chief Executive Officer, Director
Brian Ochocki
Chief Financial Officer
Mark Randall Jundt
General Counsel
Business Overview
Air T, Inc. is a holding company. The Company operates through five segments: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company's overnight air cargo segment operates in the air express delivery services industry. The ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers. The ground support services segment provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. The printing equipment and maintenance segment designs, manufactures and sells advanced digital print production equipment, maintenance contracts, spare parts, supplies and consumable items for these systems. The Company's leasing segment provides funding for equipment leasing transactions.
Financial Overview
For the six months ended 30 September 2019, Air T, Inc. revenues increased 6% to $97.9M. Net loss before extraordinary items totaled $792K vs. income of $2.2M. Revenues reflect Ground equipment sales increase of 30% to $25M, Overnight air cargo increase of 10% to $38.1M, Corporate and other increase of 8% to $385K. Net loss reflects General and administrative increase of 23% to $19M (expense).
Employees: 576 as of Mar 31, 2014
Reporting Currency: U.S. Dollars
Enterprise value: $102.97M as of Sep 30, 2019
Annual revenue (TTM): $237.51M as of Sep 30, 2019
EBITDA (TTM): $16.59M as of Sep 30, 2019
Net annual income (TTM): -$0.96M as of Sep 30, 2019
Free cash flow (TTM): -$12.08M as of Sep 30, 2019
Net Debt Last Fiscal Year: $46.52M as of Sep 30, 2019
Shares outstanding: 2,912,599 as of Jan 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization