Air T, Inc. (AIRT)

Air T Income Statement

Financials in millions USD. Fiscal year is April - March.

Year Ending	TTM	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	286.83	286.83	247.32	177.08	175.12	236.79
Revenue Growth (YoY)	15.98%	15.98%	39.67%	1.12%	-26.04%	9.88%
Cost of Revenue	230.46	230.46	196.88	135.84	140.34	184.05
Gross Profit	56.37	56.37	50.45	41.24	34.78	52.73
Selling, General & Admin	51.1	51.1	42.84	29.82	34.26	39.78
Other Operating Expenses	4.01	4.01	12.01	2.67	9.69	5.66
Operating Expenses	55.11	55.11	54.85	32.49	43.95	45.44
Operating Income	1.26	1.26	-4.41	8.76	-9.18	7.29
Interest Expense / Income	6.92	6.92	7.94	4.95	4.62	4.69
Other Expense / Income	0.44	0.44	-0.48	-8.29	-3.14	-4.51
Pretax Income	-6.09	-6.09	-11.86	12.1	-10.66	7.11
Income Tax	0.73	0.73	0.43	1.17	-3.39	-0.54
Net Income	-6.82	-6.82	-12.3	10.93	-7.28	7.66
Net Income Growth	-	-	-	-	-	471.34%
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change	-1.09%	-1.09%	-1.42%	0.21%	3.00%	-8.56%
EPS (Basic)	-2.42	-2.42	-4.32	3.79	-2.53	2.74
EPS (Diluted)	-2.42	-2.42	-4.32	3.78	-2.53	2.73
EPS Growth	-	-	-	-	-	520.45%
Free Cash Flow	16.1	16.1	15.73	-34.64	0.36	-33.08
Free Cash Flow Per Share	5.72	5.72	5.53	-12.03	0.13	-11.85
Gross Margin	19.65%	19.65%	20.40%	23.29%	19.86%	22.27%
Operating Margin	0.44%	0.44%	-1.78%	4.94%	-5.24%	3.08%
Profit Margin	-2.38%	-2.38%	-4.97%	6.17%	-4.16%	3.23%
Free Cash Flow Margin	5.61%	5.61%	6.36%	-19.56%	0.21%	-13.97%
Effective Tax Rate	-	-	-	9.66%	-	-7.65%
EBITDA	3.62	3.62	0.23	18.91	-2.93	17.52
EBITDA Margin	1.26%	1.26%	0.09%	10.68%	-1.67%	7.40%
Depreciation & Amortization	2.8	2.8	4.16	1.86	3.11	5.71
EBIT	0.83	0.83	-3.93	17.05	-6.04	11.8
EBIT Margin	0.29%	0.29%	-1.59%	9.63%	-3.45%	4.99%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).