Air Historical Income Statement

AIRT Stock

USD 19.74 0.46 2.39%

Historical analysis of Air T income statement accounts such as Interest Expense of 7.4 M, Selling General Administrative of 53.7 M or Total Revenue of 301.2 M can show how well Air T Inc performed in making a profits. Evaluating Air T income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Air T's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Air T Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Air T Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Air Income Statement Analysis

Air T Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Air T shareholders. The income statement also shows Air investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Air T Income Statement Chart

At this time, Air T's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 241.9 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (5 M).

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Air T Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Air T Inc minus its cost of goods sold. It is profit before Air T operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Air T Inc. It is also known as Air T overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Air T's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Air T Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

	2021	2022	2023	2024 (projected)
Gross Profit	39.4M	48.8M	56.5M	59.3M
Total Revenue	177.1M	247.3M	286.8M	301.2M

Gross Profit Total Revenue

Air T income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Discontinued Operations	Reconciled Depreciation	Extraordinary Items	Non Recurring
Depreciation And Amortization		0.5	0.66	0.69	0.65	0.68	0.21	0.02	0.35	0.69	0.69	-0.2	-0.33	-0.25	-0.17	-0.18	0.03	0.37	-0.2	0.07	-0.51	0.31	0.88	0.28	0.08
Interest Expense	0.5		0.93	0.86	0.92	0.86	0.25	0.11	0.25	0.84	0.88	-0.37	-0.66	-0.49	-0.27	-0.42	0.69	-0.04	-0.28	-0.28	-1.0	0.92	0.28	0.91	0.28
Selling General Administrative	0.66	0.93		0.98	0.98	0.98	0.15	0.05	0.26	0.98	0.95	-0.37	-0.66	-0.49	-0.2	-0.42	0.52	-0.04	-0.24	-0.13	-0.93	0.8	0.42	0.81	0.23
Total Revenue	0.69	0.86	0.98		0.98	1.0	0.22	0.12	0.33	1.0	0.93	-0.27	-0.6	-0.4	-0.06	-0.33	0.42	-0.08	-0.12	-0.11	-0.86	0.71	0.47	0.71	0.12
Gross Profit	0.65	0.92	0.98	0.98		0.97	0.33	0.23	0.42	0.96	0.93	-0.2	-0.57	-0.34	-0.08	-0.28	0.54	-0.08	-0.11	-0.23	-0.92	0.79	0.45	0.8	0.12
Other Operating Expenses	0.68	0.86	0.98	1.0	0.97		0.17	0.08	0.29	1.0	0.93	-0.3	-0.62	-0.44	-0.08	-0.37	0.42	-0.08	-0.14	-0.08	-0.86	0.71	0.46	0.71	0.13
Operating Income	0.21	0.25	0.15	0.22	0.33	0.17		0.82	0.83	0.19	0.16	0.66	0.27	0.55	0.4	0.5	0.33	0.05	0.44	-0.62	-0.21	0.17	0.39	0.13	-0.26
Ebit	0.02	0.11	0.05	0.12	0.23	0.08	0.82		0.94	0.09	0.03	0.88	0.55	0.77	0.52	0.79	0.13	-0.26	0.55	-0.38	-0.08	0.1	0.09	0.09	-0.4
Ebitda	0.35	0.25	0.26	0.33	0.42	0.29	0.83	0.94		0.3	0.26	0.76	0.42	0.65	0.45	0.68	0.11	-0.14	0.46	-0.3	-0.23	0.19	0.36	0.17	-0.36
Cost Of Revenue	0.69	0.84	0.98	1.0	0.96	1.0	0.19	0.09	0.3		0.93	-0.28	-0.61	-0.42	-0.05	-0.35	0.39	-0.08	-0.12	-0.07	-0.84	0.68	0.47	0.69	0.11
Total Operating Expenses	0.69	0.88	0.95	0.93	0.93	0.93	0.16	0.03	0.26	0.93		-0.36	-0.62	-0.47	-0.22	-0.4	0.47	0.03	-0.27	-0.09	-0.88	0.77	0.44	0.76	0.24
Income Before Tax	-0.2	-0.37	-0.37	-0.27	-0.2	-0.3	0.66	0.88	0.76	-0.28	-0.36		0.81	0.97	0.6	0.94	-0.21	-0.21	0.62	-0.25	0.39	-0.32	-0.02	-0.32	-0.52
Total Other Income Expense Net	-0.33	-0.66	-0.66	-0.6	-0.57	-0.62	0.27	0.55	0.42	-0.61	-0.62	0.81		0.89	0.3	0.87	-0.37	0.02	0.3	0.07	0.67	-0.52	-0.23	-0.54	-0.2
Net Income	-0.25	-0.49	-0.49	-0.4	-0.34	-0.44	0.55	0.77	0.65	-0.42	-0.47	0.97	0.89		0.46	0.95	-0.28	-0.09	0.48	-0.17	0.51	-0.37	-0.08	-0.38	-0.41
Income Tax Expense	-0.17	-0.27	-0.2	-0.06	-0.08	-0.08	0.4	0.52	0.45	-0.05	-0.22	0.6	0.3	0.46		0.47	-0.45	-0.67	0.98	0.11	0.29	-0.47	-0.04	-0.45	-0.86
Net Income From Continuing Ops	-0.18	-0.42	-0.42	-0.33	-0.28	-0.37	0.5	0.79	0.68	-0.35	-0.4	0.94	0.87	0.95	0.47		-0.33	-0.11	0.47	-0.15	0.43	-0.34	-0.06	-0.34	-0.43
Non Operating Income Net Other	0.03	0.69	0.52	0.42	0.54	0.42	0.33	0.13	0.11	0.39	0.47	-0.21	-0.37	-0.28	-0.45	-0.33		0.24	-0.4	-0.67	-0.67	0.76	0.01	0.74	0.62
Minority Interest	0.37	-0.04	-0.04	-0.08	-0.08	-0.08	0.05	-0.26	-0.14	-0.08	0.03	-0.21	0.02	-0.09	-0.67	-0.11	0.24		-0.67	-0.36	0.04	0.02	0.51	-0.03	0.63
Tax Provision	-0.2	-0.28	-0.24	-0.12	-0.11	-0.14	0.44	0.55	0.46	-0.12	-0.27	0.62	0.3	0.48	0.98	0.47	-0.4	-0.67		0.05	0.3	-0.47	-0.04	-0.45	-0.86
Interest Income	0.07	-0.28	-0.13	-0.11	-0.23	-0.08	-0.62	-0.38	-0.3	-0.07	-0.09	-0.25	0.07	-0.17	0.11	-0.15	-0.67	-0.36	0.05		0.25	-0.29	-0.22	-0.29	-0.18
Net Interest Income	-0.51	-1.0	-0.93	-0.86	-0.92	-0.86	-0.21	-0.08	-0.23	-0.84	-0.88	0.39	0.67	0.51	0.29	0.43	-0.67	0.04	0.3	0.25		-0.92	-0.27	-0.91	-0.28
Discontinued Operations	0.31	0.92	0.8	0.71	0.79	0.71	0.17	0.1	0.19	0.68	0.77	-0.32	-0.52	-0.37	-0.47	-0.34	0.76	0.02	-0.47	-0.29	-0.92		0.06	0.99	0.45
Reconciled Depreciation	0.88	0.28	0.42	0.47	0.45	0.46	0.39	0.09	0.36	0.47	0.44	-0.02	-0.23	-0.08	-0.04	-0.06	0.01	0.51	-0.04	-0.22	-0.27	0.06		0.03	-0.06
Extraordinary Items	0.28	0.91	0.81	0.71	0.8	0.71	0.13	0.09	0.17	0.69	0.76	-0.32	-0.54	-0.38	-0.45	-0.34	0.74	-0.03	-0.45	-0.29	-0.91	0.99	0.03		0.41
Non Recurring	0.08	0.28	0.23	0.12	0.12	0.13	-0.26	-0.4	-0.36	0.11	0.24	-0.52	-0.2	-0.41	-0.86	-0.43	0.62	0.63	-0.86	-0.18	-0.28	0.45	-0.06	0.41

Click cells to compare fundamentals

Air T Account Relationship Matchups

Air T income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.7M	3.1M	1.9M	4.2M	2.8M	2.9M
Interest Expense	4.5M	4.4M	4.8M	7.9M	7.0M	7.4M
Selling General Administrative	39.6M	34.3M	29.8M	45.4M	51.1M	53.7M
Total Revenue	236.8M	175.1M	177.1M	247.3M	286.8M	301.2M
Gross Profit	46.9M	31.7M	39.4M	48.8M	56.5M	59.3M
Other Operating Expenses	229.5M	177.7M	167.5M	243.9M	285.6M	299.8M
Operating Income	4.8M	(847K)	8.8M	4.4M	1.3M	2.3M
Ebit	4.8M	(7.1M)	18.6M	(3.1M)	3.1M	3.2M
Ebitda	10.5M	(4.0M)	20.4M	1.1M	5.9M	6.1M
Cost Of Revenue	189.9M	143.5M	137.7M	198.5M	230.3M	241.9M
Total Operating Expenses	39.6M	34.3M	29.8M	45.4M	55.2M	34.9M
Income Before Tax	2.6M	(11.8M)	13.4M	(11.4M)	(4.0M)	(3.8M)
Total Other Income Expense Net	(2.2M)	(2.6M)	4.6M	(7.5M)	(5.2M)	(5.0M)
Net Income	3.2M	(8.4M)	10.9M	(11.8M)	(6.8M)	(6.5M)
Income Tax Expense	(544K)	(3.4M)	1.2M	432K	729K	736.9K
Net Income Applicable To Common Shares	7.7M	(7.3M)	10.9M	(12.3M)	(11.1M)	(10.5M)
Net Income From Continuing Ops	3.2M	(8.4M)	12.2M	(11.8M)	(4.7M)	(4.4M)
Non Operating Income Net Other	64.5K	25K	2.0M	989K	1.1M	1.2M
Minority Interest	3.6M	7.6M	(1.3M)	510K	(2.1M)	(2.0M)
Tax Provision	(544K)	(3.4M)	1.2M	432K	729K	765.5K
Interest Income	3K	16K	227K	328K	92K	87.4K
Net Interest Income	(4.7M)	(4.6M)	(4.9M)	(7.9M)	(6.9M)	(7.3M)
Reconciled Depreciation	5.7M	3.1M	1.9M	4.2M	2.8M	3.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Air Stock Analysis

When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Air Historical Income Statement

About Air Income Statement Analysis

Air T Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Air T income statement Correlations

Air T Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air T income statement Accounts

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Air Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Extraordinary Items	+ 0.99	Discontinued Operations
Total Revenue	+ 0.98	Selling General Administrative
Gross Profit	+ 0.98	Selling General Administrative

Net Interest Income	- 1.0	Interest Expense
Net Interest Income	- 0.93	Selling General Administrative
Discontinued Operations	- 0.92	Net Interest Income
Net Interest Income	- 0.92	Gross Profit
Extraordinary Items	- 0.91	Net Interest Income
Net Interest Income	- 0.88	Total Operating Expenses