Edition:
United States

Air Industries Group (AIRI.A)

AIRI.A on American Stock Exchange

3.35USD
27 Apr 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$3.35
Open
$3.38
Day's High
$3.38
Day's Low
$3.24
Volume
1,821
Avg. Vol
3,980
52-wk High
$5.92
52-wk Low
$2.24

Latest Key Developments (Source: Significant Developments)

Air Industries Group sees total FY17 revenue of about $73.5 mln
Tuesday, 18 Apr 2017 04:30pm EDT 

April 18 (Reuters) - Air Industries Group :Air Industries Group announces financial operating results for 2016, revenue for the first quarter of 2017 and full year 2017 revenue guidance.Funded 18-month backlog increased by $18 million to a total of $90 million at december 31, 2016.Air Industries Group - anticipate revenues of $18, $19 and $20 million for second, third and fourth quarters of 2017 respectively.Air Industries Group - excluding amk subsidiary which was sold in january 2017, q1 revenue from continuing operations was $16.4 million, more than 17% over prior year.Air Industries Group sees total annual 2017 revenue of approximately $73.5 million.Air Industries Group- "encouraged by year-over-year increase in revenue during q1, and expect this trend to continue".  Full Article

Air Industries says entered into a placement agency agreement with Taglich Brothers Inc - SEC filing
Wednesday, 22 Mar 2017 04:14pm EDT 

Air Industries Group : Air Industries Group - on March 8, 2017 Air Industries Group entered into a placement agency agreement with Taglich Brothers Inc - SEC filing .Air Industries Group - placement agent agreed to offer, on best efforts basis, up to $1.3 million of co's 8 pct subordinated convertible notes to accredited investors.  Full Article

Air Industries says Daniel Godin resigns as CEO
Friday, 3 Mar 2017 09:42am EST 

Air Industries Group : Air Industries Group (the "company" or "Air Industries") announces resignation of Daniel R. Godin as chief executive officer. Peter Rettaliata and Michael brand will act as interim CEO and COO respectively. . Air Industries Group - Godin will remain with company until March 24th to assist in transition . Air Industries Group - Michael Brand will assume responsibility as chief operating officer .Air Industries Group - Effective immediately, Peter Rettaliata will assume responsibility as acting CEO.  Full Article

Michael Recca has agreed to serve as chief financial officer of Air Industries Group
Wednesday, 5 Oct 2016 04:58pm EDT 

Air Industries Group :Michael Recca has agreed to serve as chief financial officer of Air Industries Group effective October 1, 2016.  Full Article

Air Industries Group enters Placement Agency Agreement with Taglich Brothers
Monday, 22 Aug 2016 01:28pm EDT 

Air Industries Group : Placement Agency Agreement with Taglich Brothers, Inc . Taglich Brothers to offer on best efforts basis, up to $4.3 million shares of company's 12 percent subordinated convertible notes due December 31, 2017 . Notes are convertible, at option of holders, into shares of company's common stock at an initial conversion price of $4.92 per share .Notes are automatically convertible into shares of comapny's Series A preferred stock at price of $10.00 per share- SEC Filing.  Full Article

Air Industries Group files for non-timely 10-Q with U.S. SEC
Tuesday, 16 Aug 2016 02:12pm EDT 

Air Industries Group : Files for non-timely 10-Q with U.S. SEC - SEC Filing Source - http://bit.ly/2ba84LG Further company coverage: [AIRI.A] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Air Industries Group says it has sold $6.3 million in equity financing - SEC Filing
Thursday, 26 May 2016 05:30pm EDT 

Air Industries Group : Says it has sold $6.3 million in equity financing - SEC Filing . Discloses in Form D with U.S. SEC that the total offering amount was for $7 million Source - http://1.usa.gov/1XVuP7w Further company coverage: [AIRI.A] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Air Industries to acquire Compac Development Corp
Wednesday, 12 Aug 2015 09:00am EDT 

Air Industries Group:Announces agreement in principle to acquire compac development corporation of Bay Shore, ny.Says deal "is more than a financially accretive acquisition".  Full Article

Air Industries Group announces quarterly dividend
Thursday, 23 Jul 2015 09:00am EDT 

Air Industries Group:Announced quarterly dividend of 0.15 per common share.Will be paid on August 12.Record date August 3.  Full Article

More From Around the Web

BRIEF-Air Industries Group sees total FY17 revenue of about $73.5 mln

* Air Industries Group announces financial operating results for 2016, revenue for the first quarter of 2017 and full year 2017 revenue guidance