HRBR
Harbor Diversified, Inc.0.8500
+0.1200+16.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
49.67MP/E (TTM)
-Basic EPS (TTM)
-0.32Dividend Yield
0%Recent Filings
8-K
8-K
8-K
8-K
LOI for Air Wisconsin sale
Harbor Diversified entered a non-binding LOI on August 29, 2025, to sell AWAC Aviation—parent of Air Wisconsin—to Premier Shuttle Holdings for initial cash and buyer notes covering aircraft and parts. The deal transfers Air Wisconsin's FAA certificate, planes, and inventory, while Harbor retains assets for sales and leasing. Air Wisconsin notified 253 employees of potential furloughs starting October 28 amid workforce rebalancing. CFO Liam Mackay resigned September 5; Gregg Garvey stepped in September 1 with salary bumped to $255,000. Non-binding terms leave consummation uncertain.
10-Q
Q3 FY2024 results
Harbor Diversified posted a narrower Q3 operating loss of $5.5M, up from $5.1M last year, as contract revenues climbed 7.2% to $53.6M despite an 8.5% drop in departures to 14,747 amid persistent pilot shortages—yet higher rates from the American capacity purchase agreement cushioned the blow. Expenses rose 7.2% to $59.1M, driven by a 45.2% surge in aircraft maintenance to $16.2M, while other income jumped thanks to $2.3M in marketable securities gains, trimming the net loss to $2.2M or $0.04 per diluted share on 58.6M shares. Cash and equivalents dipped to $6.7M with $97.3M in marketable securities, and free cash flow turned positive at $0.98M (derived) after $3.8M from operations minus $2.9M capex; debt-free post-2023 prepayment, but the American agreement's April 2025 termination looms large. No non-GAAP metrics disclosed in the 10-Q. Pilot shortages remain a stubborn drag on scaling back up.
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