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 nine months ended 31 December 2019, Air T, Inc. revenues increased 16% to $171.2M. Net loss before extraordinary items increased from $51K to $1M. Revenues reflect Commercial jet engines and parts increase of 23% to $72.7M, Ground equipment sales increase of 15% to $40.9M, Overnight air cargo increase of 8% to $56.8M. Higher net loss reflects General and administrative increase of 17% to $28.5M (expense).
Employees: 576 as of Mar 31, 2014
Reporting Currency: U.S. Dollars
Enterprise value: $111.79M as of Dec 31, 2019
Annual revenue (TTM): $247.18M as of Dec 31, 2019
EBITDA (TTM): $17.55M as of Dec 31, 2019
Net annual income (TTM): $1.55M as of Dec 31, 2019
Free cash flow (TTM): -$31.28M as of Dec 31, 2019
Net Debt Last Fiscal Year: $78.12M as of Dec 31, 2019
Shares outstanding: 2,912,599 as of Jan 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization