AIRI · NYSE
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
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Air Industries Group (“Air Industries” or the “Company”), is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”). The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense for the reasons set forth below. Reasons for Delay The Company determined that it is unable to file the Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review process
NT 10-K, filed 2025-04-01 · accounts not ready
2025-04-21auditor changed or resigned SEC →
Air Industries Group (“Air Industries” or the “Company”), is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”). The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense for the reasons set forth below. Reasons for Delay The Company determined that it is unable to file the Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review process
Air Industries Group (“Air Industries” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense due to the need for additional time to complete Item 9A - Evaluation of Disclosures Controls and Procedures, Management’s Report on Internal Control over Financial Reporting and conclude its assessment of Financial Accounting Standards Board ASC 205-40 – Presentation of Financial Statements- Going Concern. The Company is currently finalizing these items and expects to detail its conclusions in the Form 10-K, which it expects to file on or before April 16, 2024. The Company does not expect that the finalization of these items and the fiscal 2023 audit will have any impact on the preliminary earnings for the fourth quarter and full year of 2023 results announced in this press release. Preliminary Financial Results for the Fiscal Year ended December 31, 2023 We currently anticipate that our results of operations for our fiscal year ended December 31, 2023, will contain certain significant changes from our results of operations for our fiscal year ended December 31, 2022, as was set forth in our press release of April 1, 2024, included as an exhibit to our Report on Form 8-K filed April 1, 2024. Forward-Looking Statements Certain matters discussed in this Notification are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995
Om November 15, 2023, Air Industries Group (“Air Industries” or the “Company”) filed a Notification of Late Filing on Form 12b-25 reporting that it required time to complete certain procedures necessary for the presentation of its financial statements to be included in its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”). The Company has now completed all procedures necessary for the preparation of its financial statements, is in the process of coordinating with its auditors to enable them to complete their review processes and is finalizing the preparation of the Form 10-Q. The Company is continuing in its efforts to file the Form 10-Q as soon as reasonably practicable and anticipates that the Form 10-Q will be filed in the foreseeable future. Nothing has come to the attention of the Company during the ongoing preparation of its Form 10-Q that would cause it to change the financial information presented in the Form 12B-25 filed November 15, 2023. Forward-Looking Statements Certain matters discussed in this Notification are ‘forward-looking statements’ intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company’s statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA , the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company’s control
Air Industries Group (“Air Industries” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”). The Company is in the process of completing certain procedures necessary for the presentation of its financial statements and anticipates that it will file the Form 10-Q no later than Monday, November 20, 2023. The Company anticipates that its net sales for the quarter ended September 30, 2023, will be approximately $12.3 million, approximately $1 million less than net sales for the comparable period of 2022. In addition, it will report a loss from operations during the third quarter of 2023 of approximately $800,000, compared to income from operations in the third quarter of 2022 of $169,000. The Company’s net loss for the 2023 third quarter will be approximately $1.3 million, as compared to a net loss for the 2022 third quarter of $142,000. Forward-Looking Statements Certain matters discussed in this Notification are ‘forward-looking statements’ intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company’s statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA , the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company’s control
Air Industries Group (“Air Industries” or the “Company”), is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Form 10-Q”). The Company is actively working with its professionals to file its Form 10-Q as soon as possible. Nevertheless, because the Company filed its Quarterly Report on Form 10-Q for the period ended March 31. 2023, on Friday, August 11, 2023, the Company is unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review processes. The Company announced its financial results for the second quarter of 2023 on August 8, 2023. In the announcement the Company stated that its net loss for the second quarter of 2023 was $395,000 as compared to a net loss of $7,000 for the second quarter of 2022. Forward-Looking Statements Certain matters discussed in this Notification are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA , the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control
Air Industries Group (“Air Industries” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the “Form 10-Q”). The Company today filed its Annual Report on Form 10-K for the year ended December 31, 2022, and has determined that it is unable to file the Form 10-Q within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review process. The Company does not anticipate filing the Form 10-Q on or before Monday, May 22, , 2023, the 5-calendar day extension provided by Rule 12b-25. The Company plans to file the Form 10-Q as soon as possible and, in all events, within the period required to regain compliance with the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide. The Company intends to announce preliminary financial results for the quarter ended March 31, 2023, as soon as reasonably practical, in advance of the filing of the Form 10-Q. Forward-Looking Statements Certain matters discussed in this Notification are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA , the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements
On April 3, 2023, the Registrant filed a Notification of Late Filing on Form 12b-25 (the "Original Form 12b-25") reporting that it required additional time to complete its Annual Report on Form 10-K for the period ended December 31, 2022 (the "Form 10-K") principally because the Registrant required additional time to complete its financial statement preparation and review process,. This amendment to the Original Form 12b-25 is being filed to report that the Registrant did not file such Form 10-K within the 15-day extension period provided by the Original Form 12b-25. To date, the Registrant has still been unable, without unreasonable effort or expense, to complete its financial statement preparation and review process. As a result, its independent auditors have been unable to complete the audit thereof. The Registrant is continuing in its efforts to file the Form 10-K as soon as reasonably practicable
Air Industries Group (“Air Industries” or the “Company”), is filing this Notification of Late Filing on Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense for the reasons set forth below. Reasons for Delay The Company determined that it is unable to file the Form 10-K within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its financial statement preparation and review process. The Company expects to file its Annual Report on Form 10-K on or before Monday, April 17, 2023, which is within the 15-calendar day extension provided by Rule 12b-25. Preliminary Financial Results for the Fiscal Year ended December 31, 2022 The Company currently anticipates that its results of operations for its fiscal year ended December 31, 2022 (“Fiscal 2022”) will contain certain significant changes from its results of operations for its fiscal year ended December 31, 2021 (“Fiscal 2021”). More specifically, the Company believes that its Fiscal 2022 revenues will decrease in comparison to Fiscal 2021 revenues while in Fiscal 2022 it will have a net loss, as compared to net income in Fiscal 2021. The Company is currently finalizing such financial information, and expects to include such final financial information in the Form 10-K that it expects to file on or before Monday, April 17, 2023. Forward-Looking Statements Certain matters discussed in this Notification are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995
Air Industries Group (the “Company”) is unable to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022 due to a delay in completing the financial statements required to be included therein, and the review procedures related thereto, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file its Form 10-Q no later than the fifth calendar day following the prescribed due date
2022-03-28auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
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Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
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