Last 7 days
3.2%
Last 30 days
6.3%
Last 90 days
-16.2%
Trailing 12 Months
-2.8%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-09-16 | McClung Peter B. | bought | 36,875 | 14.75 | 2,500 | - |
2022-09-16 | CABILLOT RAYMOND E | bought | 30,860 | 15.5 | 1,991 | - |
2022-09-15 | CABILLOT RAYMOND E | bought | 41,719 | 15.4118 | 2,707 | - |
2022-09-14 | CABILLOT RAYMOND E | bought | 4,620 | 15.3013 | 302 | - |
2022-09-13 | McClung Peter B. | bought | 40,200 | 16.75 | 2,400 | - |
2022-09-12 | McClung Peter B. | bought | 43,996 | 17.5984 | 2,500 | - |
2022-09-12 | CABILLOT RAYMOND E | bought | 87,681 | 17.5362 | 5,000 | - |
2022-08-26 | Swenson Nicholas John | acquired | 21,562 | 5.75 | 3,750 | ceo |
2022-08-18 | McClung Peter B. | bought | 1,700 | 17.00 | 100 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 14.29 | 13.00 | 192 | -% |
2023-08-14 | VANGUARD GROUP INC | unchanged | - | 2,669 | 1,339,810 | -% |
2023-08-14 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | unchanged | - | 15,525 | 432,975 | 0.01% |
2023-08-14 | Tower Research Capital LLC (TRC) | sold off | -100 | -1,000 | - | -% |
2023-08-14 | NewEdge Advisors, LLC | sold off | -100 | -1,026 | - | -% |
2023-08-14 | MORGAN STANLEY | unchanged | - | 1,122 | 563,495 | -% |
2023-08-11 | RENAISSANCE TECHNOLOGIES LLC | reduced | -1.3 | -34,000 | 3,040,000 | -% |
2023-08-11 | GEODE CAPITAL MANAGEMENT, LLC | reduced | -16.79 | -49,726 | 313,298 | -% |
2023-08-11 | BlackRock Inc. | added | 4.15 | 6,918 | 165,560 | -% |
2023-08-10 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | sold off | - | - | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | renaissance technologies llc | 4.36% | 124,011 | SC 13G/A | |
Sep 27, 2022 | farnam street partners lp /mn | 13.75% | 394,090 | SC 13D/A | |
Feb 11, 2022 | renaissance technologies llc | 5.54% | 159,711 | SC 13G/A | |
Feb 22, 2021 | ao partners i, lp | 32.6% | 940,750 | SC 13D/A | |
Feb 11, 2021 | renaissance technologies llc | 6.43% | 185,211 | SC 13G/A | |
Jan 12, 2021 | ao partners i, lp | 32.5% | 937,084 | SC 13D/A | |
Jan 08, 2021 | farnam street partners lp /mn | 13.55% | 390,424 | SC 13D/A | |
Apr 01, 2020 | swenson nicholas john | 30.3% | 883,557 | SC 13D/A | |
Mar 31, 2020 | farnam street partners lp /mn | 12.0% | 350,313 | SC 13D/A | |
Feb 13, 2020 | renaissance technologies llc | 6.99% | 211,311 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 11, 2023 | 8-K | Current Report | |
Sep 05, 2023 | 8-K | Current Report | |
Aug 31, 2023 | DEL AM | DEL AM | |
Aug 23, 2023 | S-1 | Initial Public Offering | |
Aug 21, 2023 | 8-K | Current Report | |
Aug 11, 2023 | 10-Q | Quarterly Report | |
Jul 27, 2023 | 8-K | Current Report | |
Jul 24, 2023 | DEF 14A | DEF 14A | |
Jul 24, 2023 | ARS | ARS | |
Jul 11, 2023 | PRE 14A | PRE 14A |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
FDX | 59.7B | 88.6B | 0.25% | 68.95% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -10.73% | 25.73% | 298.7 | 0.53 | 33.38% | 398.83% |
EXPD | 16.8B | 12.6B | -0.69% | 29.16% | 15.88 | 1.33 | -33.44% | -31.22% |
LUV | 16.7B | 25.1B | -11.15% | -14.10% | 38.46 | 0.66 | 18.83% | -71.05% |
CHRW | 10.0B | 20.1B | -7.79% | -13.30% | 18.71 | 0.5 | -23.75% | -51.25% |
MID-CAP | ||||||||
XPO | 8.0B | 7.6B | -2.39% | 55.58% | 94.75 | 1.05 | 0.77% | -87.90% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
FWRD | 1.7B | 1.8B | 1.47% | -27.11% | 11.19 | 0.93 | -2.22% | -6.61% |
JBLU | 1.5B | 9.9B | -28.14% | -36.34% | 55.75 | 0.15 | 24.14% | 106.11% |
SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | -2.64% | -26.60% | -4.4 | 0.37 | 29.98% | -29.36% |
ATSG | 1.5B | 2.1B | -4.56% | -16.44% | 9.66 | 0.71 | 7.02% | -29.07% |
RLGT | 276.7M | 1.1B | -14.85% | 0.17% | 13.43 | 0.25 | 49.19% | -53.68% |
AIRT | 62.8M | 267.9M | 6.29% | -2.83% | -5.52 | 0.23 | 40.28% | -223.76% |
HUBG | 2.5M | 4.8B | -0.14% | 11.85% | 0.01 | 5e-4 | -3.92% | -13.56% |
16.5%
13.4%
8.1%
30.0%
100%
80%
73.1%
Y-axis is the maximum loss one would have experienced if Air T was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 8.3% | 267,892 | 247,323 | 224,384 | 208,421 | 190,971 | 177,077 | 172,367 | 182,753 | 175,119 | 175,121 | 193,997 | 211,478 | 226,567 | 236,785 | 238,510 | 220,696 | 210,870 | 215,502 | 201,633 | 190,648 | 198,642 |
Operating Expenses | 8.2% | 272,474 | 251,730 | 215,204 | 199,351 | 181,376 | 168,322 | 177,935 | 187,278 | 184,032 | 184,296 | 194,773 | 209,602 | 220,541 | 229,494 | 227,672 | 211,713 | 203,232 | 206,171 | 206,084 | 196,413 | 203,053 |
S&GA Expenses | 2.2% | 46,405 | 45,384 | 37,987 | 35,479 | 33,430 | 29,817 | 35,153 | 34,461 | 34,934 | 34,264 | 36,052 | 37,299 | 37,620 | 39,781 | 37,811 | 37,309 | 35,897 | 33,607 | 33,654 | 31,858 | 31,138 |
EBITDA | - | - | - | 15,265 | 12,219 | 20,636 | 20,204 | 5,987 | 9,283 | -2,922 | -4,050 | 3,034 | 2,930 | 6,928 | 12,997 | 18,588 | - | - | - | - | - | - |
EBITDA Margin | - | - | - | 0.07* | 0.06* | 0.11* | 0.11* | 0.03* | 0.05* | -0.02* | -0.02* | 0.02* | 0.01* | 0.03* | 0.05* | 0.08* | - | - | - | - | - | - |
Interest Expenses | -0.2% | 7,922 | 7,935 | 7,629 | 6,661 | 5,832 | 4,948 | 4,553 | 4,489 | 4,403 | 4,624 | 3,808 | 3,863 | 4,829 | 4,692 | 5,117 | 5,076 | 3,743 | 3,427 | 3,322 | 2,674 | 2,282 |
Earnings Before Taxes | 7.0% | -10,560 | -11,353 | 3,938 | 2,515 | 12,464 | 13,396 | -174 | 2,742 | -10,203 | -11,781 | -4,489 | -4,737 | -2,251 | 2,624 | 7,430 | 4,490 | 5,829 | 5,968 | 1,910 | 2,878 | 4,717 |
EBT Margin | - | - | - | 0.02* | 0.01* | 0.07* | 0.08* | 0.00* | 0.02* | -0.06* | -0.07* | -0.02* | -0.02* | -0.01* | 0.01* | 0.03* | - | - | - | - | - | - |
Net Income | 7.3% | -11,393 | -12,295 | 1,091 | 419 | 9,206 | 10,928 | 6,352 | 7,279 | -709 | -1,113 | -755 | 369 | 1,089 | 3,577 | 4,565 | 4,174 | 3,781 | 1,861 | 2,304 | 1,234 | 1,762 |
Net Income Margin | - | - | - | -0.01* | -0.02* | 0.03* | 0.04* | 0.04* | 0.05* | 0.00* | -0.01* | -0.01* | -0.02* | 0.02* | 0.03* | 0.04* | - | - | - | - | - | - |
Free Cashflow | - | - | - | -18,542 | -25,728 | -28,539 | -34,614 | -16,541 | -21,983 | -10,754 | -5,718 | -26,877 | -34,871 | -36,572 | -27,513 | 8,531 | - | - | - | - | - | - |
Balance Sheet | (In Thousands) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -1.2% | 187,196 | 189,562 | 212,361 | 225,932 | 213,205 | 207,599 | 163,796 | 155,635 | 145,120 | 140,750 | 185,238 | 148,401 | 153,150 | 151,427 | 158,375 | 142,657 | 133,651 | 115,143 | 116,903 | 117,714 | 97,115 |
Current Assets | -3.2% | 112,846 | 116,557 | 131,096 | 146,531 | 137,140 | 128,243 | 106,796 | 119,015 | 109,430 | 105,774 | 147,709 | 105,300 | 103,620 | 98,486 | 117,208 | 99,073 | 88,916 | 71,348 | 71,616 | 64,543 | 60,059 |
Cash Equivalents | -2.5% | 5,659 | 5,806 | 4,753 | 7,071 | 9,523 | 8,368 | 5,839 | 6,274 | 11,427 | 15,927 | 48,825 | 12,869 | 16,656 | 15,571 | 11,536 | 27,434 | 16,197 | 12,417 | 2,729 | 5,612 | 5,747 |
Inventory | -9.4% | 64,406 | 71,125 | 86,218 | 87,604 | 86,132 | 75,167 | 76,446 | 82,589 | 75,770 | 71,971 | 67,671 | 70,965 | 63,879 | 60,623 | 68,116 | 40,370 | 36,529 | 27,455 | 39,586 | 29,450 | 27,620 |
Net PPE | 0.2% | 21,488 | 21,439 | 21,252 | 21,338 | 21,262 | 21,212 | 21,328 | 8,912 | 8,457 | 8,519 | 7,588 | 6,095 | 5,190 | 5,272 | 4,172 | 4,310 | 4,752 | 4,264 | 4,905 | 37,071 | 19,418 |
Goodwill | 0.4% | 10,600 | 10,563 | 10,414 | 10,093 | 10,317 | 10,126 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,227 | 4,418 | 4,227 | 4,418 | 4,418 | 4,418 |
Liabilities | -1.2% | 161,952 | 163,870 | 177,846 | 191,740 | 177,617 | 171,121 | 134,616 | 125,366 | 123,237 | 119,438 | 157,756 | 122,731 | 123,109 | 120,336 | 126,784 | 109,310 | 105,978 | 86,309 | 91,588 | 89,365 | 67,596 |
Current Liabilities | -22.6% | 49,776 | 64,286 | 67,945 | 73,172 | 29,410 | 30,907 | 21,210 | 22,224 | 30,253 | 28,179 | 63,663 | 69,116 | 60,158 | 67,746 | 76,367 | 56,118 | 60,391 | 52,794 | 56,573 | 43,777 | 34,874 |
Short Term Borrowings | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,545 |
Shareholder's Equity | -4.8% | 11,338 | 11,904 | 21,365 | 23,939 | 25,246 | 25,717 | 21,295 | 22,988 | 14,879 | 14,714 | 21,928 | 20,670 | 24,501 | 25,011 | 23,401 | 27,347 | 20,988 | 23,358 | 22,318 | 25,767 | 27,074 |
Retained Earnings | -2.9% | 13,289 | 13,686 | 23,153 | 24,802 | 26,222 | 26,729 | 22,283 | 24,059 | 16,321 | 16,270 | 22,105 | 20,007 | 22,927 | 23,768 | 23,180 | 23,610 | 17,970 | 21,191 | 18,694 | 22,076 | 23,418 |
Additional Paid-In Capital | 10.9% | 807 | 728 | 650 | 571 | 472 | 393 | 315 | 236 | - | - | 1,287 | 2,175 | 3,065 | 2,636 | 1,029 | 2,410 | 1,629 | 2,867 | 4,195 | 4,188 | 4,172 |
Accumulated Depreciation | 4.9% | 6,946 | 6,624 | 6,345 | 6,015 | 5,675 | 5,405 | 5,111 | 4,866 | 4,622 | 4,510 | 4,785 | 4,631 | 4,454 | 4,319 | 4,104 | 3,935 | 5,978 | 3,470 | 5,356 | 8,749 | - |
Shares Outstanding | 0.0% | 2,818 | 2,818 | 2,822 | 2,851 | 2,866 | 2,866 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,882 | 2,973 | 3,025 | 2,253 | 2,023 | 3,042 | 3,066 | 3,065 |
Minority Interest | -0.8% | 1,069 | 1,078 | 1,087 | 1,094 | 1,098 | 1,104 | 1,113 | 1,130 | 1,142 | 989 | 991 | 992 | 1,000 | 1,005 | 1,013 | 1,032 | 1,046 | -1,001 | -958 | -938 | -903 |
Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 35.6% | 22,924 | 16,909 | -17,209 | -24,277 | -26,794 | -33,084 | -14,852 | -18,950 | -7,305 | -1,819 | -22,040 | -31,299 | -33,797 | -25,074 | 10,043 | 6,668 | 11,607 | 20,936 | -7,376 | 7,557 | 16,584 |
Cashflow From Investing | 16.8% | -5,129 | -6,168 | -16,932 | -32,788 | -32,999 | -33,388 | -16,722 | 755 | 1,615 | 2,516 | 15,695 | 6,057 | 11,837 | 8,605 | -7,656 | 6,505 | -20,067 | -23,004 | -31,167 | -42,720 | -30,334 |
Cashflow From Financing | -69.9% | -21,029 | -12,380 | 35,041 | 60,586 | 58,008 | 59,254 | -11,233 | 11,834 | 850 | 71.00 | 33,459 | 10,575 | 22,272 | 19,240 | 15,788 | 8,615 | 18,864 | 9,546 | 33,126 | 38,561 | 16,744 |
Buy Backs | 24.3% | 1,344 | 1,081 | 1,986 | 1,404 | - | 385 | - | - | - | - | - | - | - | 2,817 | 2,408 | 922 | 872 | 745 | 925 | 46.00 | - |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
Operating Revenues: | ||
Total revenue | $ 71,431 | $ 50,862 |
Operating Expenses: | ||
General and administrative | 12,754 | 11,779 |
Depreciation and amortization | 690 | 861 |
Operating expenses | 70,773 | 50,028 |
Operating Income | 658 | 834 |
Non-operating (Expense) Income: | ||
Interest expense | (1,808) | (1,822) |
Income from equity method investments | 691 | 532 |
Other | 643 | (154) |
Nonoperating income (expense) | (474) | (1,444) |
Income (Loss) before income taxes | 184 | (610) |
Income Tax Expense | 211 | 192 |
Net Loss | (27) | (802) |
Net Income Attributable to Non-controlling Interests | (504) | (631) |
Net Loss Attributable to Air T, Inc. Stockholders | $ (531) | $ (1,433) |
Loss per share (Note 6) | ||
Basic (in dollars per share) | $ (0.19) | $ (0.50) |
Diluted (in dollars per share) | $ (0.19) | $ (0.50) |
Weighted Average Shares Outstanding: | ||
Basic (in shares) | 2,818 | 2,866 |
Diluted (in shares) | 2,818 | 2,866 |
Overnight air cargo | ||
Operating Revenues: | ||
Total revenue | $ 27,728 | $ 20,564 |
Operating Expenses: | ||
Cost of Revenue | 23,712 | 18,071 |
Depreciation and amortization | 85 | 20 |
Operating Income | 1,935 | 1,077 |
Ground equipment sales | ||
Operating Revenues: | ||
Total revenue | 11,787 | 5,815 |
Operating Expenses: | ||
Cost of Revenue | 10,338 | 4,432 |
Depreciation and amortization | 34 | 49 |
Operating Income | (85) | 142 |
Commercial jet engines and parts | ||
Operating Revenues: | ||
Total revenue | 29,846 | 22,855 |
Operating Expenses: | ||
Cost of Revenue | 23,279 | 14,885 |
Depreciation and amortization | 190 | 434 |
Operating Income | 1,478 | 3,074 |
Corporate and other | ||
Operating Revenues: | ||
Total revenue | 2,070 | 1,628 |
Operating Expenses: | ||
Depreciation and amortization | 381 | 358 |
Operating Income | $ (2,670) | $ (3,459) |
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 5,659 | $ 5,806 |
Marketable securities | 365 | 0 |
Restricted cash | 762 | 1,284 |
Restricted investments | 1,634 | 2,161 |
Accounts receivable, net of allowance for doubtful accounts of $1,295 and $1,160 | 32,004 | 27,218 |
Income tax receivable | 223 | 536 |
Inventories, net | 64,406 | 71,125 |
Employee retention credit receivable | 0 | 940 |
Other current assets | 7,793 | 7,487 |
Total Current Assets | 112,846 | 116,557 |
Assets on lease or held for lease, net of accumulated depreciation of $38 and $223 | 16 | 83 |
Property and equipment, net of accumulated depreciation of $6,946 and $6,624 | 21,488 | 21,439 |
Intangible assets, net of accumulated amortization of $4,493 and $4,191 | 11,834 | 12,103 |
Right-of-use ("ROU") assets | 12,133 | 11,666 |
Equity method investments | 13,954 | 13,230 |
Goodwill | 10,560 | 10,563 |
Other assets | 4,365 | 3,921 |
Total Assets | 187,196 | 189,562 |
Current Liabilities: | ||
Accounts payable | 10,580 | 10,449 |
Income tax payable | 0 | 304 |
Accrued expenses and other (Note 4) | 14,643 | 13,133 |
Current portion of long-term debt | 22,721 | 38,736 |
Short-term lease liability | 1,832 | 1,664 |
Total Current Liabilities | 49,776 | 64,286 |
Long-term debt | 98,537 | 86,349 |
Deferred income tax liabilities, net | 2,581 | 2,417 |
Long-term lease liability | 11,011 | 10,771 |
Other non-current liabilities | 47 | 47 |
Total Liabilities | 161,952 | 163,870 |
Redeemable non-controlling interest | 12,837 | 12,710 |
Commitments and contingencies (Note 16) | ||
Equity: | ||
Preferred stock, $1.00 par value, 2,000,000 shares authorized | 0 | 0 |
Common stock, $.25 par value; 4,000,000 shares authorized, 3,026,495 and 3,026,495 shares issued, 2,817,754 and 2,818,374 shares outstanding | 757 | 757 |
Treasury stock, 208,741 shares at $19.63 and 208,121 shares at $19.62 | (4,098) | (4,083) |
Additional paid-in capital | 807 | 728 |
Retained earnings | 13,289 | 13,686 |
Accumulated other comprehensive income | 583 | 816 |
Total Air T, Inc. Stockholders' Equity | 11,338 | 11,904 |
Non-controlling Interests | 1,069 | 1,078 |
Total Equity | 12,407 | 12,982 |
Total Liabilities and Equity | $ 187,196 | $ 189,562 |