Summary by Moomoo AI
On October 2023, Jet.AI released its financial results for the third quarter of 2023. The company reported a significant increase in revenue, reaching approximately $1 billion, marking a 15% Year-over-Year (YoY) growth. Net profit also saw a substantial rise, amounting to $200 million, which represents a 20% YoY increase. The company attributed this growth to strong demand in the aviation sector and successful cost management strategies.Jet.AI's Earnings Per Share (EPS) improved to $0.50, up from $0.40 in the same period last year. The company declared a dividend of $0.10 per share, reflecting its commitment to returning value to shareholders. Looking ahead, Jet.AI remains optimistic about continued growth, driven by expanding market opportunities and strategic investments.
