Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 57

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 57
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 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.

33

Six Months Ended September 30, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotalRevenue from external customers$61,570 $59,176 $21,809 $3,515 $146,070 Intersegment revenue14 848 — — 862 61,584 60,024 21,809 3,515 146,932 Reconciliation of revenueOther revenue11,671 Elimination of intersegment revenue2(949)Total consolidated revenue$147,654 Cost of sales:Cost of sales from external sources52,036 41,493 18,929 1,238 Intersegment operating expense28 829 — — 52,064 42,322 18,929 1,238 Less:3General and administrative5,680 12,413 3,047 2,551 23,691 Other segment items4210 819 190 400 1,619 Segment profit (loss)3,630 4,470 (357)(674)7,069 Reconciliation of profit (loss)Other revenue11,671 Other cost of sales1(491)Other expenses1(2,016)Interest expense(4,108)Income from equity method investments4,269 Other non-operating income179 Other corporate expenses5(3,507)Elimination of intersegment profits336 Income before income taxes$3,402 

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 $87.0 thousand for the six months ended September 30, 2024. After eliminations, Other revenue from third parties is $1.6 million for the six months ended September 30, 2024.

3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the