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8-K: Volato Reports Third Quarter 2024 Results

8-K: Volato Reports Third Quarter 2024 Results

8-K:沃拉託公佈2024年第三季度業績
美股SEC公告 ·  2024/11/18 22:13

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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集團在2024年第三季度取得了積極的勢頭,總營業收入爲4030萬美元,主要受飛機銷售3820萬美元的推動。儘管持續經營的淨虧損爲130萬美元,該公司實現了320萬美元的正向調整後息稅折舊攤銷前利潤(Adjusted EBITDA),標誌着相比去年業績有顯著改善。該公司啓動了一項戰略性扭轉計劃,強調與flyExclusive的合作,接管機隊運營。主要成就包括交付兩架HondaJet和第一架Gulfstream G280,按順序減少75%的銷售及管理費用(SG&A),季度運行率降至70萬美元,Vaunt訂閱平台的年經常性營業收入增長至150萬美元。展望未來,Volato專注于飛機銷售和軟件開發,特別是擴大其使命控制軟件平台。向flyExclusive的機隊運營轉移預計在2024年第四季度完成,導致在第三季度減少410萬美元的內部卡存入資金負債。該公司季度末現金及現金等價物爲380萬美元。
Volato集團在2024年第三季度取得了積極的勢頭,總營業收入爲4030萬美元,主要受飛機銷售3820萬美元的推動。儘管持續經營的淨虧損爲130萬美元,該公司實現了320萬美元的正向調整後息稅折舊攤銷前利潤(Adjusted EBITDA),標誌着相比去年業績有顯著改善。該公司啓動了一項戰略性扭轉計劃,強調與flyExclusive的合作,接管機隊運營。主要成就包括交付兩架HondaJet和第一架Gulfstream G280,按順序減少75%的銷售及管理費用(SG&A),季度運行率降至70萬美元,Vaunt訂閱平台的年經常性營業收入增長至150萬美元。展望未來,Volato專注于飛機銷售和軟件開發,特別是擴大其使命控制軟件平台。向flyExclusive的機隊運營轉移預計在2024年第四季度完成,導致在第三季度減少410萬美元的內部卡存入資金負債。該公司季度末現金及現金等價物爲380萬美元。
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