View Future GrowthAir T 過去の業績過去 基準チェック /06Air Tの収益は年間平均-25.9%の割合で減少していますが、 Logistics業界の収益は年間 減少しています。収益は年間1.5% 11.8%割合で 増加しています。主要情報-25.93%収益成長率-26.61%EPS成長率Logistics 業界の成長19.04%収益成長率11.83%株主資本利益率-81.41%ネット・マージン-2.48%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Feb 14Third quarter 2024 earnings released: US$1.06 loss per share (vs US$0.21 loss in 3Q 2023)Third quarter 2024 results: US$1.06 loss per share (further deteriorated from US$0.21 loss in 3Q 2023). Revenue: US$63.8m (up 3.8% from 3Q 2023). Net loss: US$2.98m (loss widened 405% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Second quarter 2024 earnings released: US$0.57 loss per share (vs US$0.43 loss in 2Q 2023)Second quarter 2024 results: US$0.57 loss per share (further deteriorated from US$0.43 loss in 2Q 2023). Revenue: US$79.0m (up 30% from 2Q 2023). Net loss: US$1.61m (loss widened 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Reported Earnings • Aug 13First quarter 2024 earnings released: US$0.19 loss per share (vs US$0.50 loss in 1Q 2023)First quarter 2024 results: US$0.19 loss per share (improved from US$0.50 loss in 1Q 2023). Revenue: US$71.4m (up 40% from 1Q 2023). Net loss: US$531.0k (loss narrowed 63% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Reported Earnings • Jun 29Full year 2023 earnings released: US$4.32 loss per share (vs US$3.79 profit in FY 2022)Full year 2023 results: US$4.32 loss per share (down from US$3.79 profit in FY 2022). Revenue: US$247.3m (up 40% from FY 2022). Net loss: US$12.3m (down 213% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 12Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.44 loss in 3Q 2022)Third quarter 2023 results: US$0.21 loss per share (improved from US$0.44 loss in 3Q 2022). Revenue: US$61.4m (up 35% from 3Q 2022). Net loss: US$590.0k (loss narrowed 53% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Second quarter 2023 earnings released: US$0.43 loss per share (vs US$2.62 profit in 2Q 2022)Second quarter 2023 results: US$0.43 loss per share (down from US$2.62 profit in 2Q 2022). Revenue: US$60.7m (up 40% from 2Q 2022). Net loss: US$1.23m (down 116% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesお知らせ • Dec 19Air T, Inc. (NasdaqCM:AIRT) completed the acquisition of Regional Express Holdings Limited for AUD 1.Air T, Inc. (NasdaqCM:AIRT) entered into a Sale and Implementation Deed to acquire Regional Express Holdings Limited on October 20, 2025. Air T and the Commonwealth of Australia have entered into an agreement pursuant to which Rex’s financing arrangements will be restructured in connection with the acquisition. The proposed acquisition contemplates a continuation and growth of Rex’s regional airline business and continuing employment for its workforce. The transaction remains subject to certain other approvals, including approval by Rex’s creditors and the Federal Court of Australia. The expected completion of the transaction is by calendar year end 2025. As of November 11, 2025 majority of Regional Express Holdings Limited creditors both in number and in value voted in favor of Air T, Inc. Houlihan Lokey, Inc. acted as financial advisor to Rex. EY acted as administrator to Rex. Air T, Inc. (NasdaqCM:AIRT) completed the acquisition of Regional Express Holdings Limited on December 17, 2025. A cash consideration of AUD 1 will be paid by Air T, Inc. for Regional Express Holdings Limited. As part of the consideration, Air T, Inc. is Regional Express Holdings Limited assuming liabilities valued at approximately AUD 108 million. As of December 11, 2025, the transaction has been approved by the Federal Court of Australia.お知らせ • Jun 25Air T, Inc., Annual General Meeting, Aug 14, 2025Air T, Inc., Annual General Meeting, Aug 14, 2025. Location: minnesota executive office, 5000 west 36th street, suite 200, minnesota 55416., minneapolis United Statesお知らせ • Oct 23Air T, Inc. Appoints Tracy Kennedy as Chief Financial OfficerOn August 7, 2024, Air T, Inc. appointed Tracy Kennedy (“ Kennedy ”), the Company’s Chief Accounting Officer, on an interim basis, to assume the duties of principal financial officer of the Company, effective September 3, 2024. On October 16, 2024, following an extensive search of potential internal and external candidates, the Board of Directors (the “ Board ”) of the Company approved Kennedy’s permanent appointment as the Company’s Chief Financial Officer, and the Company simultaneously entered into an Employment Agreement (the “ Employment Agreement ”) with Kennedy. Kennedy, age 34, was appointed as the Company’s Chief Accounting Officer around October, 2022. As Chief Accounting Officer, Kennedy has been tasked with regulatory compliance (including SEC reporting), corporate governance, risk management, cash-flow management, accounting policies establishment, and internal controls enhancement. Previously, Kennedy served as the Company’s Director of Accounting from May, 2018, to February, 2019, and then as the Company’s Corporate Controller from February, 2019, to October, 2022. In her role as Corporate Controller, Kennedy was responsible for maintaining accurate books and reports and for running the day-to-day accounting operations of the Company.お知らせ • Aug 08Air T, Inc. Announces CFO ChangesAir T, Inc. announced that its Chief Financial Officer, Brian Ochocki, is departing the Company on or about September 3, 2024. The Company has initiated a search for a successor who will build on this strong foundation. In the interim, Tracy Kennedy, Chief Accounting Officer, will oversee the financial operations of the Company. Ms. Kennedy has earned increasing levels of responsibility over her six years at Air T.お知らせ • Jul 11Air T, Inc., Annual General Meeting, Aug 21, 2024Air T, Inc., Annual General Meeting, Aug 21, 2024. Location: minnesota executive office, 5000 w. 36 street, suite 200, minnesota 55416, minneapolis United Statesお知らせ • Apr 07Air T Receives Approval from the Nasdaq Stock Market to Transfer the Listing of its Common Stock from the Nasdaq Global Market to the Nasdaq Capital MarketOn April 4, 2024, Air T, Inc. (the ‘Company’) received approval (the ‘Approval’) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the ‘Nasdaq’) that the Company’s application to transfer the listing of its Common Stock, par value $0.25 per share (the ‘Common Stock’) from the Nasdaq Global Market to the Nasdaq Capital Market has been approved. The Common Stock will be transferred to the Nasdaq Capital Market at the opening of business on April 8, 2024. The Company’s Common Stock will continue to trade under the symbol “AIRT”. The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial requirements and comply with Nasdaq’s corporate governance requirements. As previously disclosed, the Company received a letter from Nasdaq on February 15, 2024 notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000. Upon the transfer of listing of the Company’s securities on the Nasdaq Capital Market on April 8, 2024, such deficiency would be resolved.New Risk • Mar 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$59.3m market cap).分析記事 • Mar 27Further Upside For Air T, Inc. (NASDAQ:AIRT) Shares Could Introduce Price Risks After 30% BounceThe Air T, Inc. ( NASDAQ:AIRT ) share price has done very well over the last month, posting an excellent gain of 30...分析記事 • Mar 21Health Check: How Prudently Does Air T (NASDAQ:AIRT) Use Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Feb 23Air T Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock MarketOn February 15, 2024, Air T, Inc. received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing set in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000. The Company has identified its history of stock buybacks as a significant contributing cause, given the direct impact stock buybacks have on stockholders’ equity. The Staff further indicated that, as of the date of the Letter, the Company did not comply with certain requirements under the alternative standards set in Nasdaq Listing Rules 5450(b)(2) and 5450(b)(3) for continued listing on the Nasdaq Global Select Market. Specifically, the Staff identified that the Company does not meet the alternative standard requiring a certain minimum number of publicly (i.e. non-insider) held shares. This is also directly linked to the Company’s history of stock buybacks, given Company insiders do not participate in such buybacks by selling their shares to the Company. Subsequently, the number of publicly held shares shrinks 1:1 each time the Company buys back its stock. The Letter has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on The Nasdaq Global Select Market under the symbol “AIRT” at this time. In accordance with Nasdaq Listing Rule 5810(c)(2), the Company has been provided 45 calendar days, or until April 1, 2024, to submit a plan to regain compliance (the “Compliance Plan”). If the Compliance Plan is acceptable to the Staff, of which there can be no assurance, they may grant an extension of up to 180 calendar days from the date of the Letter, or until August 13, 2024, to evidence compliance. If the Staff does not accept the Compliance Plan, the Company will have the opportunity to appeal the Staff’s determination to a Nasdaq Hearings Panel. The Company has identified several different plans to address the Letter, and intends to submit the Compliance Plan or resolve the deficiency on or before April 1, 2024. However, there can be no assurance that the Company will be able to regain compliance with the Stockholders’ Equity Requirement or will otherwise be in compliance with the Nasdaq Listing Rules.Reported Earnings • Feb 14Third quarter 2024 earnings released: US$1.06 loss per share (vs US$0.21 loss in 3Q 2023)Third quarter 2024 results: US$1.06 loss per share (further deteriorated from US$0.21 loss in 3Q 2023). Revenue: US$63.8m (up 3.8% from 3Q 2023). Net loss: US$2.98m (loss widened 405% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Second quarter 2024 earnings released: US$0.57 loss per share (vs US$0.43 loss in 2Q 2023)Second quarter 2024 results: US$0.57 loss per share (further deteriorated from US$0.43 loss in 2Q 2023). Revenue: US$79.0m (up 30% from 2Q 2023). Net loss: US$1.61m (loss widened 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.分析記事 • Nov 16Is Air T (NASDAQ:AIRT) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 13First quarter 2024 earnings released: US$0.19 loss per share (vs US$0.50 loss in 1Q 2023)First quarter 2024 results: US$0.19 loss per share (improved from US$0.50 loss in 1Q 2023). Revenue: US$71.4m (up 40% from 1Q 2023). Net loss: US$531.0k (loss narrowed 63% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jul 25Air T, Inc., Annual General Meeting, Aug 16, 2023Air T, Inc., Annual General Meeting, Aug 16, 2023, at 08:30 Central Daylight. Location: Company’s Minnesota executive office 5000 W. 36th Street, Suite 200 Minneapolis Minnesota United States Agenda: To Elect as directors the seven (7) nominees named in the accompanying proxy statement to hold office until the next annual meeting of stockholders and until their respective successors are elected and qualified; To approve, on an advisory basis, the compensation paid to the Company’s named executive officers as disclosed in the accompanying proxy statement; To approve an amendment to the Company’s Certificate of Incorporation to allow for the exculpation of officers; and to discuss other matters.New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$75.0m market cap).Reported Earnings • Jun 29Full year 2023 earnings released: US$4.32 loss per share (vs US$3.79 profit in FY 2022)Full year 2023 results: US$4.32 loss per share (down from US$3.79 profit in FY 2022). Revenue: US$247.3m (up 40% from FY 2022). Net loss: US$12.3m (down 213% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 09Returns At Air T (NASDAQ:AIRT) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Reported Earnings • Feb 12Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.44 loss in 3Q 2022)Third quarter 2023 results: US$0.21 loss per share (improved from US$0.44 loss in 3Q 2022). Revenue: US$61.4m (up 35% from 3Q 2022). Net loss: US$590.0k (loss narrowed 53% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 07Air T, Inc. (NasdaqGM:AIRT) acquired Worldwide Aircraft Services, Inc. for $3.1 million.Air T, Inc. (NasdaqGM:AIRT) acquired Worldwide Aircraft Services, Inc. for $3.1 million on January 31, 2023. Approximately $1,628,000 of the purchase price was paid at closing. The remaining amount bears interest at the rate of six percent (6%) per annum and is payable via periodic payments up to the January 1, 2026 maturity date. Air T about to secure $1 million of term loan to partially fund the acquisition. Air T, Inc. (NasdaqGM:AIRT) completed the acquisition of Worldwide Aircraft Services, Inc. on January 31, 2023.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Second quarter 2023 earnings released: US$0.43 loss per share (vs US$2.62 profit in 2Q 2022)Second quarter 2023 results: US$0.43 loss per share (down from US$2.62 profit in 2Q 2022). Revenue: US$60.7m (up 40% from 2Q 2022). Net loss: US$1.23m (down 116% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$15.35, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Logistics industry in the US. Total returns to shareholders of 13% over the past three years.Reported Earnings • Aug 13First quarter 2023 earnings released: US$0.50 loss per share (vs US$0.10 profit in 1Q 2022)First quarter 2023 results: US$0.50 loss per share (down from US$0.10 profit in 1Q 2022). Revenue: US$50.9m (up 38% from 1Q 2022). Net loss: US$1.43m (down US$1.72m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Seeking Alpha • Aug 12Air T GAAP EPS of -$0.50, revenue of $50.9MAir T press release (NASDAQ:AIRT): Q1 GAAP EPS of -$0.50. Revenue of $50.9M (+37.9% Y/Y). Adjusted EBITDA profit of $1.5 million for the quarter ended June 30, 2022, compared to an Adjusted EBITDA profit of $0.3 million in the prior year's comparable quarter.Reported Earnings • Jun 29Full year 2022 earnings released: EPS: US$3.79 (vs US$2.53 loss in FY 2021)Full year 2022 results: EPS: US$3.79 (up from US$2.53 loss in FY 2021). Revenue: US$177.1m (up 1.1% from FY 2021). Net income: US$10.9m (up US$18.2m from FY 2021). Profit margin: 6.2% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 23% share price gain to US$19.64, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 12x in the Logistics industry in the US. Negligible returns to shareholders over past three years.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$19.43, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 12x in the Logistics industry in the US. Total returns to shareholders of 2.7% over the past three years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$23.61, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 14x in the Logistics industry in the US. Total returns to shareholders of 14% over the past three years.Reported Earnings • Feb 15Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: US$0.44 loss per share (down from US$0.73 profit in 3Q 2021). Revenue: US$45.4m (down 19% from 3Q 2021). Net loss: US$1.26m (down 160% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to US$28.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 16x in the Logistics industry in the US. Total returns to shareholders of 46% over the past three years.Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Nov 19There Are Some Holes In Air T's (NASDAQ:AIRT) Solid Earnings ReleaseSolid profit numbers didn't seem to be enough to please Air T, Inc.'s ( NASDAQ:AIRT ) shareholders. We think that they...Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS US$2.62 (vs US$1.02 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$43.2m (up 21% from 2Q 2021). Net income: US$7.56m (up US$10.5m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Aug 25Lead Independent Director recently bought US$88k worth of stockOn the 17th of August, Raymond Cabillot bought around 3k shares on-market at roughly US$33.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Recent Insider Transactions • Aug 21Lead Independent Director recently bought US$88k worth of stockOn the 17th of August, Raymond Cabillot bought around 3k shares on-market at roughly US$33.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Aug 14First quarter 2022 earnings released: EPS US$0.10 (vs US$0.29 loss in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: US$37.0m (flat on 1Q 2021). Net income: US$289.0k (up US$1.13m from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance.分析記事 • Jul 22Is Air T (NASDAQ:AIRT) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Jun 28Full year 2021 earnings released: US$2.53 loss per share (vs US$0.15 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: US$175.1m (down 26% from FY 2020). Net loss: US$7.28m (loss widened US$6.87m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.分析記事 • Mar 01Is Air T (NASDAQ:AIRT) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS US$0.73 (vs US$0.07 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$55.8m (down 24% from 3Q 2020). Net income: US$2.10m (up US$2.31m from 3Q 2020). Profit margin: 3.8% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.分析記事 • Jan 08The Air T (NASDAQ:AIRT) Share Price Is Up 78% And Shareholders Are Holding OnThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...Is New 90 Day High Low • Dec 25New 90-day high: US$38.38The company is up 284% from its price of US$10.00 on 25 September 2020. The American market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 7.0% over the same period.分析記事 • Dec 13How Many Air T, Inc. (NASDAQ:AIRT) Shares Did Insiders Buy, In The Last Year?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...Is New 90 Day High Low • Dec 08New 90-day high: US$11.93The company is up 10.0% from its price of US$10.80 on 08 September 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 8.0% over the same period.Reported Earnings • Nov 18Second quarter 2021 earnings released: US$1.02 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: US$35.6m (down 30% from 2Q 2020). Net loss: US$2.92m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 14Second quarter 2021 earnings released: US$1.02 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: US$35.6m (down 30% from 2Q 2020). Net loss: US$2.92m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Sep 29New 90-day low: US$9.92The company is down 16% from its price of US$11.75 on 30 June 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 41% over the same period.収支内訳Air T の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqCM:AIRT 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Dec 25272-765030 Sep 25279-663030 Jun 25296-758031 Mar 25292-658031 Dec 24298-156030 Sep 24284-255030 Jun 24282-754031 Mar 24287-751031 Dec 23289-1447030 Sep 23286-1245030 Jun 23268-1143031 Mar 23247-1243031 Dec 22224138030 Sep 22208035030 Jun 22191933031 Mar 221771130031 Dec 21172135030 Sep 21183434030 Jun 21175-635031 Mar 21175-734031 Dec 20194-136030 Sep 20211-337030 Jun 20227-338031 Mar 20237040031 Dec 19239138030 Sep 19221-137030 Jun 19211136031 Mar 19216234031 Dec 18202232030 Sep 18191331030 Jun 18199430031 Mar 18195229031 Dec 17185127030 Sep 17176325030 Jun 17166423131 Mar 17148-322131 Dec 16139-522130 Sep 16150-322230 Jun 16156-120131 Mar 16148418131 Dec 15139516030 Sep 15123415030 Jun 151132150質の高い収益: AIRTは現在利益が出ていません。利益率の向上: AIRTは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: AIRTは利益が出ておらず、過去 5 年間で損失は年間25.9%の割合で増加しています。成長の加速: AIRTの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: AIRTは利益が出ていないため、過去 1 年間の収益成長をLogistics業界 ( -1% ) と比較することは困難です。株主資本利益率高いROE: AIRTは現在利益が出ていないため、自己資本利益率 ( -81.41% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTransportation 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 13:48終値2026/05/11 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Air T, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Feb 14Third quarter 2024 earnings released: US$1.06 loss per share (vs US$0.21 loss in 3Q 2023)Third quarter 2024 results: US$1.06 loss per share (further deteriorated from US$0.21 loss in 3Q 2023). Revenue: US$63.8m (up 3.8% from 3Q 2023). Net loss: US$2.98m (loss widened 405% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Second quarter 2024 earnings released: US$0.57 loss per share (vs US$0.43 loss in 2Q 2023)Second quarter 2024 results: US$0.57 loss per share (further deteriorated from US$0.43 loss in 2Q 2023). Revenue: US$79.0m (up 30% from 2Q 2023). Net loss: US$1.61m (loss widened 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 13First quarter 2024 earnings released: US$0.19 loss per share (vs US$0.50 loss in 1Q 2023)First quarter 2024 results: US$0.19 loss per share (improved from US$0.50 loss in 1Q 2023). Revenue: US$71.4m (up 40% from 1Q 2023). Net loss: US$531.0k (loss narrowed 63% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Reported Earnings • Jun 29Full year 2023 earnings released: US$4.32 loss per share (vs US$3.79 profit in FY 2022)Full year 2023 results: US$4.32 loss per share (down from US$3.79 profit in FY 2022). Revenue: US$247.3m (up 40% from FY 2022). Net loss: US$12.3m (down 213% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 12Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.44 loss in 3Q 2022)Third quarter 2023 results: US$0.21 loss per share (improved from US$0.44 loss in 3Q 2022). Revenue: US$61.4m (up 35% from 3Q 2022). Net loss: US$590.0k (loss narrowed 53% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Second quarter 2023 earnings released: US$0.43 loss per share (vs US$2.62 profit in 2Q 2022)Second quarter 2023 results: US$0.43 loss per share (down from US$2.62 profit in 2Q 2022). Revenue: US$60.7m (up 40% from 2Q 2022). Net loss: US$1.23m (down 116% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 19Air T, Inc. (NasdaqCM:AIRT) completed the acquisition of Regional Express Holdings Limited for AUD 1.Air T, Inc. (NasdaqCM:AIRT) entered into a Sale and Implementation Deed to acquire Regional Express Holdings Limited on October 20, 2025. Air T and the Commonwealth of Australia have entered into an agreement pursuant to which Rex’s financing arrangements will be restructured in connection with the acquisition. The proposed acquisition contemplates a continuation and growth of Rex’s regional airline business and continuing employment for its workforce. The transaction remains subject to certain other approvals, including approval by Rex’s creditors and the Federal Court of Australia. The expected completion of the transaction is by calendar year end 2025. As of November 11, 2025 majority of Regional Express Holdings Limited creditors both in number and in value voted in favor of Air T, Inc. Houlihan Lokey, Inc. acted as financial advisor to Rex. EY acted as administrator to Rex. Air T, Inc. (NasdaqCM:AIRT) completed the acquisition of Regional Express Holdings Limited on December 17, 2025. A cash consideration of AUD 1 will be paid by Air T, Inc. for Regional Express Holdings Limited. As part of the consideration, Air T, Inc. is Regional Express Holdings Limited assuming liabilities valued at approximately AUD 108 million. As of December 11, 2025, the transaction has been approved by the Federal Court of Australia.
お知らせ • Jun 25Air T, Inc., Annual General Meeting, Aug 14, 2025Air T, Inc., Annual General Meeting, Aug 14, 2025. Location: minnesota executive office, 5000 west 36th street, suite 200, minnesota 55416., minneapolis United States
お知らせ • Oct 23Air T, Inc. Appoints Tracy Kennedy as Chief Financial OfficerOn August 7, 2024, Air T, Inc. appointed Tracy Kennedy (“ Kennedy ”), the Company’s Chief Accounting Officer, on an interim basis, to assume the duties of principal financial officer of the Company, effective September 3, 2024. On October 16, 2024, following an extensive search of potential internal and external candidates, the Board of Directors (the “ Board ”) of the Company approved Kennedy’s permanent appointment as the Company’s Chief Financial Officer, and the Company simultaneously entered into an Employment Agreement (the “ Employment Agreement ”) with Kennedy. Kennedy, age 34, was appointed as the Company’s Chief Accounting Officer around October, 2022. As Chief Accounting Officer, Kennedy has been tasked with regulatory compliance (including SEC reporting), corporate governance, risk management, cash-flow management, accounting policies establishment, and internal controls enhancement. Previously, Kennedy served as the Company’s Director of Accounting from May, 2018, to February, 2019, and then as the Company’s Corporate Controller from February, 2019, to October, 2022. In her role as Corporate Controller, Kennedy was responsible for maintaining accurate books and reports and for running the day-to-day accounting operations of the Company.
お知らせ • Aug 08Air T, Inc. Announces CFO ChangesAir T, Inc. announced that its Chief Financial Officer, Brian Ochocki, is departing the Company on or about September 3, 2024. The Company has initiated a search for a successor who will build on this strong foundation. In the interim, Tracy Kennedy, Chief Accounting Officer, will oversee the financial operations of the Company. Ms. Kennedy has earned increasing levels of responsibility over her six years at Air T.
お知らせ • Jul 11Air T, Inc., Annual General Meeting, Aug 21, 2024Air T, Inc., Annual General Meeting, Aug 21, 2024. Location: minnesota executive office, 5000 w. 36 street, suite 200, minnesota 55416, minneapolis United States
お知らせ • Apr 07Air T Receives Approval from the Nasdaq Stock Market to Transfer the Listing of its Common Stock from the Nasdaq Global Market to the Nasdaq Capital MarketOn April 4, 2024, Air T, Inc. (the ‘Company’) received approval (the ‘Approval’) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the ‘Nasdaq’) that the Company’s application to transfer the listing of its Common Stock, par value $0.25 per share (the ‘Common Stock’) from the Nasdaq Global Market to the Nasdaq Capital Market has been approved. The Common Stock will be transferred to the Nasdaq Capital Market at the opening of business on April 8, 2024. The Company’s Common Stock will continue to trade under the symbol “AIRT”. The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial requirements and comply with Nasdaq’s corporate governance requirements. As previously disclosed, the Company received a letter from Nasdaq on February 15, 2024 notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000. Upon the transfer of listing of the Company’s securities on the Nasdaq Capital Market on April 8, 2024, such deficiency would be resolved.
New Risk • Mar 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$59.3m market cap).
分析記事 • Mar 27Further Upside For Air T, Inc. (NASDAQ:AIRT) Shares Could Introduce Price Risks After 30% BounceThe Air T, Inc. ( NASDAQ:AIRT ) share price has done very well over the last month, posting an excellent gain of 30...
分析記事 • Mar 21Health Check: How Prudently Does Air T (NASDAQ:AIRT) Use Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Feb 23Air T Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock MarketOn February 15, 2024, Air T, Inc. received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing set in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000. The Company has identified its history of stock buybacks as a significant contributing cause, given the direct impact stock buybacks have on stockholders’ equity. The Staff further indicated that, as of the date of the Letter, the Company did not comply with certain requirements under the alternative standards set in Nasdaq Listing Rules 5450(b)(2) and 5450(b)(3) for continued listing on the Nasdaq Global Select Market. Specifically, the Staff identified that the Company does not meet the alternative standard requiring a certain minimum number of publicly (i.e. non-insider) held shares. This is also directly linked to the Company’s history of stock buybacks, given Company insiders do not participate in such buybacks by selling their shares to the Company. Subsequently, the number of publicly held shares shrinks 1:1 each time the Company buys back its stock. The Letter has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on The Nasdaq Global Select Market under the symbol “AIRT” at this time. In accordance with Nasdaq Listing Rule 5810(c)(2), the Company has been provided 45 calendar days, or until April 1, 2024, to submit a plan to regain compliance (the “Compliance Plan”). If the Compliance Plan is acceptable to the Staff, of which there can be no assurance, they may grant an extension of up to 180 calendar days from the date of the Letter, or until August 13, 2024, to evidence compliance. If the Staff does not accept the Compliance Plan, the Company will have the opportunity to appeal the Staff’s determination to a Nasdaq Hearings Panel. The Company has identified several different plans to address the Letter, and intends to submit the Compliance Plan or resolve the deficiency on or before April 1, 2024. However, there can be no assurance that the Company will be able to regain compliance with the Stockholders’ Equity Requirement or will otherwise be in compliance with the Nasdaq Listing Rules.
Reported Earnings • Feb 14Third quarter 2024 earnings released: US$1.06 loss per share (vs US$0.21 loss in 3Q 2023)Third quarter 2024 results: US$1.06 loss per share (further deteriorated from US$0.21 loss in 3Q 2023). Revenue: US$63.8m (up 3.8% from 3Q 2023). Net loss: US$2.98m (loss widened 405% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Second quarter 2024 earnings released: US$0.57 loss per share (vs US$0.43 loss in 2Q 2023)Second quarter 2024 results: US$0.57 loss per share (further deteriorated from US$0.43 loss in 2Q 2023). Revenue: US$79.0m (up 30% from 2Q 2023). Net loss: US$1.61m (loss widened 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
分析記事 • Nov 16Is Air T (NASDAQ:AIRT) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 13First quarter 2024 earnings released: US$0.19 loss per share (vs US$0.50 loss in 1Q 2023)First quarter 2024 results: US$0.19 loss per share (improved from US$0.50 loss in 1Q 2023). Revenue: US$71.4m (up 40% from 1Q 2023). Net loss: US$531.0k (loss narrowed 63% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jul 25Air T, Inc., Annual General Meeting, Aug 16, 2023Air T, Inc., Annual General Meeting, Aug 16, 2023, at 08:30 Central Daylight. Location: Company’s Minnesota executive office 5000 W. 36th Street, Suite 200 Minneapolis Minnesota United States Agenda: To Elect as directors the seven (7) nominees named in the accompanying proxy statement to hold office until the next annual meeting of stockholders and until their respective successors are elected and qualified; To approve, on an advisory basis, the compensation paid to the Company’s named executive officers as disclosed in the accompanying proxy statement; To approve an amendment to the Company’s Certificate of Incorporation to allow for the exculpation of officers; and to discuss other matters.
New Risk • Jun 29New major risk - Revenue and earnings growthEarnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$75.0m market cap).
Reported Earnings • Jun 29Full year 2023 earnings released: US$4.32 loss per share (vs US$3.79 profit in FY 2022)Full year 2023 results: US$4.32 loss per share (down from US$3.79 profit in FY 2022). Revenue: US$247.3m (up 40% from FY 2022). Net loss: US$12.3m (down 213% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 09Returns At Air T (NASDAQ:AIRT) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Reported Earnings • Feb 12Third quarter 2023 earnings released: US$0.21 loss per share (vs US$0.44 loss in 3Q 2022)Third quarter 2023 results: US$0.21 loss per share (improved from US$0.44 loss in 3Q 2022). Revenue: US$61.4m (up 35% from 3Q 2022). Net loss: US$590.0k (loss narrowed 53% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 07Air T, Inc. (NasdaqGM:AIRT) acquired Worldwide Aircraft Services, Inc. for $3.1 million.Air T, Inc. (NasdaqGM:AIRT) acquired Worldwide Aircraft Services, Inc. for $3.1 million on January 31, 2023. Approximately $1,628,000 of the purchase price was paid at closing. The remaining amount bears interest at the rate of six percent (6%) per annum and is payable via periodic payments up to the January 1, 2026 maturity date. Air T about to secure $1 million of term loan to partially fund the acquisition. Air T, Inc. (NasdaqGM:AIRT) completed the acquisition of Worldwide Aircraft Services, Inc. on January 31, 2023.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Second quarter 2023 earnings released: US$0.43 loss per share (vs US$2.62 profit in 2Q 2022)Second quarter 2023 results: US$0.43 loss per share (down from US$2.62 profit in 2Q 2022). Revenue: US$60.7m (up 40% from 2Q 2022). Net loss: US$1.23m (down 116% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$15.35, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 12x in the Logistics industry in the US. Total returns to shareholders of 13% over the past three years.
Reported Earnings • Aug 13First quarter 2023 earnings released: US$0.50 loss per share (vs US$0.10 profit in 1Q 2022)First quarter 2023 results: US$0.50 loss per share (down from US$0.10 profit in 1Q 2022). Revenue: US$50.9m (up 38% from 1Q 2022). Net loss: US$1.43m (down US$1.72m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Seeking Alpha • Aug 12Air T GAAP EPS of -$0.50, revenue of $50.9MAir T press release (NASDAQ:AIRT): Q1 GAAP EPS of -$0.50. Revenue of $50.9M (+37.9% Y/Y). Adjusted EBITDA profit of $1.5 million for the quarter ended June 30, 2022, compared to an Adjusted EBITDA profit of $0.3 million in the prior year's comparable quarter.
Reported Earnings • Jun 29Full year 2022 earnings released: EPS: US$3.79 (vs US$2.53 loss in FY 2021)Full year 2022 results: EPS: US$3.79 (up from US$2.53 loss in FY 2021). Revenue: US$177.1m (up 1.1% from FY 2021). Net income: US$10.9m (up US$18.2m from FY 2021). Profit margin: 6.2% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 23% share price gain to US$19.64, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 12x in the Logistics industry in the US. Negligible returns to shareholders over past three years.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$19.43, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 12x in the Logistics industry in the US. Total returns to shareholders of 2.7% over the past three years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$23.61, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 14x in the Logistics industry in the US. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Feb 15Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: US$0.44 loss per share (down from US$0.73 profit in 3Q 2021). Revenue: US$45.4m (down 19% from 3Q 2021). Net loss: US$1.26m (down 160% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to US$28.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 16x in the Logistics industry in the US. Total returns to shareholders of 46% over the past three years.
Board Change • Dec 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Travis Swenson was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Nov 19There Are Some Holes In Air T's (NASDAQ:AIRT) Solid Earnings ReleaseSolid profit numbers didn't seem to be enough to please Air T, Inc.'s ( NASDAQ:AIRT ) shareholders. We think that they...
Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS US$2.62 (vs US$1.02 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$43.2m (up 21% from 2Q 2021). Net income: US$7.56m (up US$10.5m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Aug 25Lead Independent Director recently bought US$88k worth of stockOn the 17th of August, Raymond Cabillot bought around 3k shares on-market at roughly US$33.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Recent Insider Transactions • Aug 21Lead Independent Director recently bought US$88k worth of stockOn the 17th of August, Raymond Cabillot bought around 3k shares on-market at roughly US$33.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Aug 14First quarter 2022 earnings released: EPS US$0.10 (vs US$0.29 loss in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: US$37.0m (flat on 1Q 2021). Net income: US$289.0k (up US$1.13m from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 22Is Air T (NASDAQ:AIRT) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Jun 28Full year 2021 earnings released: US$2.53 loss per share (vs US$0.15 loss in FY 2020)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: US$175.1m (down 26% from FY 2020). Net loss: US$7.28m (loss widened US$6.87m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 01Is Air T (NASDAQ:AIRT) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS US$0.73 (vs US$0.07 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$55.8m (down 24% from 3Q 2020). Net income: US$2.10m (up US$2.31m from 3Q 2020). Profit margin: 3.8% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
分析記事 • Jan 08The Air T (NASDAQ:AIRT) Share Price Is Up 78% And Shareholders Are Holding OnThe main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share...
Is New 90 Day High Low • Dec 25New 90-day high: US$38.38The company is up 284% from its price of US$10.00 on 25 September 2020. The American market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 7.0% over the same period.
分析記事 • Dec 13How Many Air T, Inc. (NASDAQ:AIRT) Shares Did Insiders Buy, In The Last Year?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Is New 90 Day High Low • Dec 08New 90-day high: US$11.93The company is up 10.0% from its price of US$10.80 on 08 September 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 8.0% over the same period.
Reported Earnings • Nov 18Second quarter 2021 earnings released: US$1.02 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: US$35.6m (down 30% from 2Q 2020). Net loss: US$2.92m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 14Second quarter 2021 earnings released: US$1.02 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: US$35.6m (down 30% from 2Q 2020). Net loss: US$2.92m (loss widened 21% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Sep 29New 90-day low: US$9.92The company is down 16% from its price of US$11.75 on 30 June 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 41% over the same period.