Air Industries Group (AIRI)

[I-Man]

Fiscal 2018 Guidance



The Company entered fiscal 2018 with over $100 million of backlog from continuing operations. As such, the Company believes its revenue results in fiscal 2018 will exceed the $49,452,000 revenues it achieved in fiscal 2017 (excluding its AMK unit that was sold at the end of January 2017).



The Company continues to take steps to improve its liquidity and operations and targeted to achieve breakeven Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) for the first quarter of 2018 with a goal to achieve quarterly Adjusted EBITDA thereafter in the range of $2,500,000 to $3,000,000 within the next 12 months.



The Company’s revenue and Adjusted EBITDA guidance for fiscal 2018 excludes the operations of WMI.