Financial Statements — AIRI
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.62 | 4.22 | 4.06 | 0.51 | 0.28 | 0.19 | 0.23 | 0.74 | 0.84 | 1.13 | 0.19 | 0.93 | 0.36 | 0.69 | 0.52 | 1.73 |
| Accounts Receivable | -- | -- | -- | 6.98 | 6.78 | 7.26 | 8.04 | 5.22 | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 36.70 | 35.28 | 34.43 | 30.19 | 28.94 | 30.51 | 29.36 | 31.35 | 32.77 | 32.44 | 33.41 | 32.99 | 32.00 | 29.36 | 30.21 | 32.20 |
| Total Current Assets | 49.04 | 48.20 | 45.81 | 38.13 | 36.43 | 38.62 | 38.30 | 37.87 | 42.29 | 41.46 | 42.53 | 43.25 | 40.20 | 40.94 | 43.17 | 43.88 |
| Property, Plant & Equipment | 8.56 | 9.22 | 9.88 | 9.74 | 9.45 | 8.52 | 8.03 | 9.29 | 9.42 | 8.95 | 8.48 | 8.42 | 8.17 | 8.46 | 8.80 | 9.14 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Total Non-current Assets* | 10.18 | 11.02 | 12.14 | 12.24 | 11.96 | 11.75 | 11.97 | 11.85 | 12.09 | 11.90 | 12.25 | 12.36 | 12.25 | 12.58 | 13.08 | 13.48 |
| Total Assets | 59.22 | 59.22 | 57.95 | 50.38 | 48.39 | 50.37 | 50.26 | 49.72 | 54.38 | 53.36 | 54.78 | 55.61 | 52.45 | 53.52 | 56.25 | 57.36 |
| Accounts Payable | 6.89 | 7.18 | 9.06 | 8.26 | 6.46 | 7.10 | 6.28 | 7.29 | 8.27 | 7.69 | 6.98 | 7.78 | 7.04 | 7.02 | 7.39 | 8.25 |
| Short-term Debt | 24.22 | 25.10 | 22.23 | 18.73 | 18.10 | 17.07 | -- | 13.90 | 14.95 | 14.45 | 14.82 | 14.07 | 13.28 | 14.29 | 16.27 | 15.61 |
| Total Current Liabilities | 39.69 | 38.61 | 37.56 | 28.37 | 26.05 | 26.81 | 26.69 | 25.56 | 24.55 | 23.49 | 24.20 | 24.35 | 22.80 | 23.94 | 26.42 | 26.90 |
| Long-term Debt | 1.42 | 5.59 | 1.55 | 6.38 | 6.64 | 5.43 | 4.85 | 1.16 | -- | -- | -- | -- | 8.98 | 3.63 | 3.83 | 4.59 |
| Total Non-current Liabilities* | 1.42 | 1.46 | 1.55 | 6.74 | 7.05 | 8.87 | 9.03 | 9.21 | 13.67 | 13.55 | 12.95 | 13.59 | 12.17 | 13.93 | 14.31 | 15.30 |
| Total Liabilities | 41.11 | 40.07 | 39.11 | 35.11 | 33.10 | 35.69 | 35.72 | 34.77 | 38.22 | 37.04 | 37.14 | 37.94 | 34.97 | 37.87 | 40.74 | 42.19 |
| Retained Earnings | (72.28) | (71.43) | (70.56) | (70.52) | (70.09) | (68.55) | (68.45) | (67.92) | (66.62) | (66.23) | (64.71) | (64.57) | (64.56) | (66.14) | (66.07) | (66.31) |
| Total Stockholder Equity | 18.10 | 19.15 | 18.84 | 15.27 | 15.29 | 14.68 | 14.55 | 14.95 | 16.17 | 16.32 | 17.64 | 17.67 | 17.48 | 15.65 | 15.51 | 15.17 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 12.00 | 11.61 | 12.82 | 10.31 | 12.66 | 12.14 | 14.92 | 12.56 | 14.06 | 13.47 | 12.29 | 13.21 | 12.55 | 13.89 | 13.28 | 14.01 | 12.06 | 15.42 | 14.35 | 15.45 |
| Cost of Revenue | 9.51 | 9.00 | 10.99 | 8.01 | 10.63 | 10.10 | 12.48 | 10.61 | 12.16 | 11.32 | 11.07 | 11.04 | 10.67 | 13.18 | 11.04 | 11.59 | 9.98 | 11.58 | 12.34 | 12.85 |
| Gross Profit | 2.48 | 2.60 | 1.83 | 2.30 | 2.03 | 2.03 | 2.44 | 1.94 | 1.91 | 2.15 | 1.23 | 2.17 | 1.88 | 0.71 | 2.24 | 2.42 | 2.08 | 3.84 | 2.01 | 2.60 |
| Total Operating Expenses | 2.85 | 3.17 | 1.75 | 1.98 | 2.02 | 2.78 | 2.54 | 1.87 | 2.17 | 1.56 | 2.02 | 2.10 | 2.04 | 1.53 | 2.07 | 2.17 | 1.87 | 2.00 | 1.84 | 2.16 |
| Operating Income | (0.37) | (0.56) | 0.08 | 0.32 | 0.01 | (0.75) | (0.10) | 0.07 | (0.26) | 0.59 | (0.80) | 0.07 | (0.16) | (0.82) | 0.17 | 0.25 | 0.21 | 1.84 | 0.18 | 0.44 |
| Interest Expense | 0.41 | 0.41 | 0.40 | 0.38 | 0.36 | 0.35 | 0.36 | 0.36 | 0.34 | 1.09 | 0.12 | 0.12 | -- | 0.12 | 0.12 | 0.13 | -- | -- | -- | -- |
| Pretax Income | (0.83) | (1.02) | 0.02 | (0.04) | (0.42) | (0.99) | (0.55) | (0.40) | (0.71) | 0.18 | (1.30) | (0.39) | (0.62) | (0.90) | (0.14) | (0.01) | (0.03) | 1.61 | (0.07) | 0.24 |
| Tax Provision | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (0.85) | (1.02) | 0.15 | (0.04) | (0.42) | (0.99) | (0.55) | (0.40) | (0.71) | 0.18 | (1.30) | (0.39) | (0.62) | (0.90) | (0.14) | (0.01) | (0.03) | 1.61 | (0.07) | 0.24 |
| Basic EPS | (0.18) | (0.21) | 0.08 | (0.01) | (0.11) | (0.27) | (0.17) | (0.12) | (0.21) | 0.06 | (0.40) | (0.12) | (0.19) | (0.28) | (0.04) | -- | -- | 0.04 | 0.00 | 0.01 |
| Diluted EPS | (0.18) | (0.21) | 0.08 | (0.01) | (0.11) | (0.27) | (0.17) | (0.12) | (0.21) | 0.06 | (0.40) | (0.12) | (0.19) | (0.28) | (0.04) | -- | -- | 0.04 | 0.00 | 0.01 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 1.52 | (1.30) | (0.60) | (2.62) | 0.35 | 1.53 | (0.18) | 0.51 | (0.23) | (2.23) | 5.69 | (0.03) | 1.44 | 0.52 | (0.39) | (0.97) | 1.29 | 1.55 | 2.70 | (0.75) |
| Capital Expenditures | 0.06 | 0.43 | 0.30 | 0.91 | 0.90 | 1.22 | 0.80 | 1.50 | 0.11 | 0.25 | 0.48 | 0.41 | 0.97 | 0.38 | 0.65 | 0.90 | 0.43 | 0.38 | 0.35 | 0.36 |
| Free Cash Flow* | 1.46 | (1.72) | (0.90) | (3.53) | (0.55) | 0.31 | (0.98) | (0.99) | (0.34) | (2.48) | 5.20 | (0.44) | 0.47 | 0.14 | (1.04) | (1.87) | 0.86 | 1.17 | 2.34 | (1.11) |
| Investing Cash Flow | (0.06) | (0.42) | (0.30) | (0.70) | (0.90) | (1.22) | (0.79) | (1.49) | (0.11) | (0.24) | (0.48) | (0.41) | (0.97) | (0.38) | (0.65) | (0.90) | (0.43) | (0.38) | (0.35) | (0.36) |
| Financing Cash Flow | (1.05) | 1.33 | 1.46 | 6.88 | 0.77 | (0.78) | 1.54 | 0.83 | 0.22 | 2.08 | (5.30) | 0.15 | 0.38 | (0.05) | 0.30 | 2.43 | (1.12) | (1.23) | (2.17) | (0.11) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q3
2023 | Q2
2023 | Q1
2023 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 9.30 |
