Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 86

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 86
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 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 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 $44.0 thousand for the three months ended June 30, 2025. After eliminations, Other revenue from third parties is $1.2 million for the three months ended June 30, 2025.

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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Three Months Ended June 30, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support Equipment