Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 87

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 87
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Digital SolutionsTotalRevenue from external customers$30,383 $26,250 $7,354 $1,678 $65,665 Intersegment revenue— 364 — — 364 30,383 26,614 7,354 1,678 66,029 Reconciliation of revenueOther revenue1789 Elimination of intersegment revenue2(407)Total consolidated revenue$66,411 Cost of sales:Cost of sales from external sources25,709 18,533 6,533 556 Intersegment operating expense8 289 — — 25,717 18,822 6,533 556 Less:3General and administrative2,738 6,519 1,501 1,388 12,146 Other segment items497 191 95 198 581 Segment profit (loss)1,831 1,082 (775)(464)1,674 Reconciliation of profit (loss)Other revenue1789 Other cost of sales1(285)Other expenses1(907)Interest expense(1,946)Income from equity method investments1,923 Other non-operating income683 Earnout remeasurement20 Other corporate expenses5(1,943)Elimination of intersegment profits95 Loss before income taxes$103 

1 Revenue, cost of sales, and expenses from segments below the quantitative thresholds or that do not constitute a business segment are attributable to an investment advisory business, a laser printer manufacturer, and a commercial property owned by the Company.

2 Elimination of intersegment revenue includes eliminations related to Other revenue in the tables above totaling $43.0 thousand for the three months ended June 30, 2024. After eliminations, Other revenue from third parties is $0.7 million for the three months ended June 30, 2024.

3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.

4 Other segment items consist of depreciation and amortization and remeasurement of the earnout liability.

5 Other corporate expenses consist of unallocated expenses that are related to the activities of Corporate and other in support of the overall business. Unallocated expenses include, but are not limited to: shared services that are not allocated, costs associated with the corporate headquarters and, expenses related to identifying and pursuing new corporate business initiatives.

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