Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 55

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 55
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 Engines and PartsGround Support EquipmentDigital SolutionsTotalRevenue from external customers$31,187 $32,926 $14,454 $1,836 $80,403 Intersegment revenue14 484 — — 498 31,201 33,410 14,454 1,836 80,901 Reconciliation of revenueOther revenue1882 Elimination of intersegment revenue2(541)Total consolidated revenue$81,242 Cost of sales:Cost of sales from external sources26,326 22,582 12,395 682 Intersegment operating expense20 540 — — 26,346 23,122 12,395 682 Less:3General and administrative2,942 6,446 1,546 1,163 12,097 Other segment items4112 648 95 202 1,057 Segment profit (loss)1,801 3,194 418 (211)5,202 Reconciliation of profit (loss)Other revenue1882 Other cost of sales1(207)Other expenses1(1,110)Interest expense(2,162)Income from equity method investments2,346 Other non-operating expense(505)Other corporate expenses5(1,391)Elimination of intersegment profits244 Income before income taxes$3,299 

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 September 30, 2024. After eliminations, Other revenue from third parties is $0.8 million for the three months ended September 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