What is the company's cash flow and debt situation going into the next quarter?

Fundamental outlook: The August 14 earnings release will be the first public window into Air Industries’ cash‑generation and balance‑sheet health for the June‑ended quarter. Because the company has not disclosed any interim cash‑flow or leverage figures in the announcement, investors should assume that the June‑30 results will contain the first detailed update on operating cash flow, capital‑expenditure needs, and net debt levels for the upcoming quarter. Historically, AIRI’s aerospace‑defense contracts are high‑margin and relatively cash‑stable, but the sector can be capital‑intensive during new program ramps. Until the 10‑Q is filed, the prudent view is that the firm is likely to report positive operating cash flow, with net debt remaining modest relative to its cash‑on‑hand—consistent with its “low‑leverage” profile in prior filings.

Trading implications: Given the lack of concrete numbers, the market will price in a “clean‑sheet” risk premium ahead of the release. If the June‑30 cash‑flow statement shows a widening operating cash flow and a debt‑to‑cash ratio below 0.5, the stock could see a short‑cover rally and upside to the $12–$13 range (its recent 4‑week high). Conversely, a surprise drop in cash flow or a surge in net debt (e.g., a debt‑to‑cash ratio >1.0) would likely trigger a sell‑off, breaking below the $10 support level. Until the earnings call, maintain a neutral stance with tight stop‑losses around the current 1‑month swing range, and be ready to adjust exposure based on the cash‑flow/debt details disclosed in the upcoming 10‑Q.