Air Industries Group provided preliminary consolidated earnings guidance for the year ended December 31, 2022. Consolidated net sales revenues in 2022 are expected to approximate $53.2 million, a decrease of 9.7% as compared to the $58.9 million achieved in 2021. This represents no change to the preliminary net sales amounts discussed on the Company's year-end conference call held on April 4, 2023.

Net loss in 2022 is expected to be approximately $1.1 million as compared to a profit of $1.6 million in 2021.