share_log

8-K: Volato Reports Third Quarter 2024 Results

8-K: Volato Reports Third Quarter 2024 Results

8-K:沃拉托公布2024年第三季度业绩
美股SEC公告 ·  2024/11/18 23:13

Moomoo AI 已提取核心信息

Volato Group reported positive momentum in Q3 2024 with total revenue of $40.3M, primarily driven by aircraft sales of $38.2M. The company achieved positive Adjusted EBITDA of $3.2M despite a net loss from continuing operations of $1.3M, marking significant improvement from the previous year's performance.The company initiated a strategic turnaround plan, highlighted by a partnership with flyExclusive to take over fleet operations. Key achievements include delivering two HondaJets and first Gulfstream G280, reducing SG&A by 75% sequentially to a $0.7M quarterly run rate, and growing Vaunt subscription platform to $1.5M in annual recurring revenue.Looking forward, Volato is focusing on aircraft sales and software development, particularly expanding its Mission Control software platform. The fleet operations transition to flyExclusive is expected to complete in Q4 2024, resulting in reduced Insider Card deposit liability of $4.1M in Q3. The company ended the quarter with $3.8M in cash and cash equivalents.
Volato Group reported positive momentum in Q3 2024 with total revenue of $40.3M, primarily driven by aircraft sales of $38.2M. The company achieved positive Adjusted EBITDA of $3.2M despite a net loss from continuing operations of $1.3M, marking significant improvement from the previous year's performance.The company initiated a strategic turnaround plan, highlighted by a partnership with flyExclusive to take over fleet operations. Key achievements include delivering two HondaJets and first Gulfstream G280, reducing SG&A by 75% sequentially to a $0.7M quarterly run rate, and growing Vaunt subscription platform to $1.5M in annual recurring revenue.Looking forward, Volato is focusing on aircraft sales and software development, particularly expanding its Mission Control software platform. The fleet operations transition to flyExclusive is expected to complete in Q4 2024, resulting in reduced Insider Card deposit liability of $4.1M in Q3. The company ended the quarter with $3.8M in cash and cash equivalents.
Volato集团在2024年第三季度取得了积极的势头,总营业收入为4030万美元,主要受飞机销售3820万美元的推动。尽管持续经营的净亏损为130万美元,该公司实现了320万美元的正向调整后息税折旧摊销前利润(Adjusted EBITDA),标志着相比去年业绩有显著改善。该公司启动了一项战略性扭转计划,强调与flyExclusive的合作,接管机队运营。主要成就包括交付两架HondaJet和第一架Gulfstream G280,按顺序减少75%的销售及管理费用(SG&A),季度运行率降至70万美元,Vaunt订阅平台的年经常性营业收入增长至150万美元。展望未来,Volato专注于飞机销售和软件开发,特别是扩大其使命控制软件平台。向flyExclusive的机队运营转移预计在2024年第四季度完成,导致在第三季度减少410万美元的内部卡存入资金负债。该公司季度末现金及现金等价物为380万美元。
Volato集团在2024年第三季度取得了积极的势头,总营业收入为4030万美元,主要受飞机销售3820万美元的推动。尽管持续经营的净亏损为130万美元,该公司实现了320万美元的正向调整后息税折旧摊销前利润(Adjusted EBITDA),标志着相比去年业绩有显著改善。该公司启动了一项战略性扭转计划,强调与flyExclusive的合作,接管机队运营。主要成就包括交付两架HondaJet和第一架Gulfstream G280,按顺序减少75%的销售及管理费用(SG&A),季度运行率降至70万美元,Vaunt订阅平台的年经常性营业收入增长至150万美元。展望未来,Volato专注于飞机销售和软件开发,特别是扩大其使命控制软件平台。向flyExclusive的机队运营转移预计在2024年第四季度完成,导致在第三季度减少410万美元的内部卡存入资金负债。该公司季度末现金及现金等价物为380万美元。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息