|
Revenue
|
|
$148.2m
|
($2)
|
$194.5m
|
$215.5m
|
$236.8m
|
$175.1m
|
$177.1m
|
$247.3m
|
$286.8m
|
$291.9m
|
|
Cost of revenue
|
|
$2
|
($2)
|
$1
|
$0
|
$184.1m
|
$140.3m
|
$135.8m
|
$196.9m
|
$230.5m
|
$227.3m
|
|
Operating expenses
|
|
$2
|
$151.6m
|
$1
|
$206.2m
|
$229.5m
|
$184.3m
|
$168.3m
|
$251.7m
|
$285.6m
|
$289.9m
|
|
Operating Income
|
|
$6.0m
|
($3.1m)
|
$4.2m
|
$8.1m
|
$7.3m
|
($9.2m)
|
$8.8m
|
($4.4m)
|
$1.3m
|
$1.9m
|
|
General and administrative
|
|
$18.1m
|
$22.2m
|
$29.2m
|
$38.4m
|
$39.6m
|
$34.3m
|
$29.8m
|
$45.4m
|
$51.1m
|
$57.8m
|
|
Depreciation and amortization
|
|
$1.3m
|
—
|
$2.4m
|
$7.7m
|
$5.7m
|
$3.1m
|
$1.9m
|
$4.2m
|
$2.8m
|
$4.4m
|
|
Earnout remeasurement
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$435k
|
|
Income from equity method investments
|
|
—
|
—
|
($15k)
|
$341k
|
($910k)
|
($723k)
|
$37k
|
$1.5m
|
$1.7m
|
$1.7m
|
|
Other
|
|
$73k
|
($572k)
|
($1.7m)
|
($261k)
|
($1.3m)
|
$2.7m
|
$1.2m
|
($471k)
|
$8k
|
($209k)
|
|
Loss before income taxes
|
|
$6.2m
|
($4.2m)
|
$2.7m
|
$4.7m
|
$2.6m
|
($11.8m)
|
$13.4m
|
($11.4m)
|
($4.0m)
|
($5.0m)
|
|
Net Loss
|
|
$3.8m
|
($4.9m)
|
$2.5m
|
$3.2m
|
$11.2m
|
($8.4m)
|
$12.2m
|
($11.8m)
|
($4.7m)
|
($5.4m)
|
|
Net Loss Attributable to Air T, Inc. Stockholders
|
|
$4.9m
|
($3.2m)
|
$2.3m
|
$1.3m
|
$7.7m
|
($7.3m)
|
$10.9m
|
($12.3m)
|
($6.8m)
|
($6.1m)
|
|
Net Income Attributable to Non-controlling Interests
|
|
$1.2m
|
$1.7m
|
($179k)
|
($1.9m)
|
($3.6m)
|
$1.1m
|
($1.3m)
|
($510k)
|
($2.1m)
|
($729k)
|
|
Basic (in dollars per share)
|
|
$1.58
|
($2.33)
|
$1.20
|
$1.57
|
$4.02
|
($2.91)
|
$4.25
|
($4.14)
|
($1.66)
|
($1.97)
|
|
Diluted (in dollars per share)
|
|
$1.57
|
($2.33)
|
$1.20
|
$1.57
|
$4.01
|
($2.91)
|
$4.23
|
($4.14)
|
($1.66)
|
($1.97)
|
|
Interest expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($6.9m)
|
($8.4m)
|
|
Non-operating income (expense)
|
|
$122k
|
($1.1m)
|
($1.6m)
|
($3.4m)
|
($4.7m)
|
($2.6m)
|
$4.6m
|
($6.9m)
|
($5.2m)
|
($6.9m)
|
|
Income Tax Expense
|
|
$2.4m
|
$725k
|
$195k
|
$1.5m
|
($544k)
|
($3.4m)
|
$1.2m
|
$432k
|
$729k
|
$423k
|