Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 29

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 29
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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.

34

Three Months Ended June 30, 2025Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotal Reportable segmentsCorporate and OtherTotalDepreciation and amortization$138 $757 $36 $207 $1,138 $146 $1,284 Capital Expenditures65 166 — — 231 — 231 Three Months Ended June 30, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotal Reportable segmentsCorporate and OtherTotalDepreciation and amortization$97 $190 $95 $198 $580 $180 $760 Capital Expenditures191 62 54 — 307 32 339 Reconciliation of operating income (loss) and elimination of intersegment loss was as follows:Three Months Ended June 30, 2025(in thousands)Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsReportable Segment TotalCorporate and OtherEliminationsTotalOperating income (loss) from external sources$1,466 $551 $1,338 $(250)$3,105 $(2,659)$— $446 Intersegment operating (loss) income— (95