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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.1M | 13.2% |
| Gross Profit | -1.2M | 26.9% |
| Cost of Revenue | 5.3M | 0.8% |
| Operating expense | 9M | 4.5% |
| Net Income | -19M | 422.1% |
| EBITDA | -16M | 290.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 457M | 1% |
| Total Liabilities | 357M | 4.5% |
| Total Equity | 100M | 16.8% |
| Shares Outstanding | 25M | 1.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.2M | 11.6% |
| Cash from investing | -46M | 323.5% |
| Cash from financing | -810,000 | 219.2% |
EPS
Financial Highlights for Sky Harbour Group in Q3 '24
Sky Harbour Group reported a revenue of 4.1M, which is a 13.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -1.2M, marking a 26.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.3M, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 9M, showing a 4.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -19M, showing a -422.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -16M, showing a -290.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Sky Harbour Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
