Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 27

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 27
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 other business services to customers within the aviation industry to generate recurring subscription revenues. Digital Solutions has historically been reported as part of the central corporate function referred to as Corporate and Other.The information that follows shows data of Air T's reportable segments reconciled to amounts reflected in our Consolidated Financial Statements. Intersegment eliminations are included to reconcile segment totals to consolidated amounts.The cost and expense information presented below is based on the information regularly provided to the CODM. Further, asset information is not included in the information regularly provided to the CODM as it is not a key determining factor in the performance of the Company's reportable segments.The Company also has a "Corporate and Other" category which includes unallocated Air T holding company costs that are not directly attributable to the ongoing operating activities of our reportable segments in addition to revenues and expenses for non-reportable operating segments.Segment data is summarized in the following tables (in thousands):

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Three Months Ended June 30, 2025Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotalRevenue from external customers$30,589 $21,960 $15,070 $2,096 $69,715 Intersegment revenue862 468 — — 1,330 31,451 22,428 15,070 2,096 71,045 Reconciliation of revenueOther revenue11,199 Elimination of intersegment revenue2(1,374)Total consolidated revenue$70,870 Cost of sales:Cost of sales from external sources25,899 14,656 12,303 836 Intersegment operating expense862 436 — — 26,761 15,092 12,303 836 Less:3General and administrative3,086 6,123 1,393 1,302 11,904 Other segment items4138 757 36 208 1,139 Segment profit (loss)1,466 456 1,338 (250)3,010 Reconciliation of profit (loss)Other revenue11,199 Other cost of sales1(415)Other expenses1(1,118)Interest expense(2,314)Loss from equity method investments(19)Other non-operating income678 Earnout remeasurement402 Other corporate expenses5(2,375)Elimination of intersegment profits145 Loss before income taxes$(807)

1 Revenue, cost of sales, and expenses