JTAI
Jet.AI Inc.1.1700
-0.0708-5.71%
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
4.96MP/E (TTM)
0.01Basic EPS (TTM)
87.84Dividend Yield
0%Recent Filings
10-K
FY2025 results
Jet.AI's FY2025 revenues fell 34.5% y/y to $9.2M, driven by planned aviation wind-down ahead of flyExclusive asset sale, with CharterGPT app and Cirrus charters dropping 29.0% and 53.6% respectively; management services held steady at $3.3M. Gross loss narrowed to $300K from $965K as aircraft costs fell with utilization. Operating loss improved $2.5M to $10.1M, aided by lower stock-based comp. Q4 saw $2.0M JV commitment to Consensus Core data centers, securing 17.5% Midwest Project stake. Cash fell to $1.8M amid $8.2M operating burn, offset by $11.0M warrant exercises. flyExclusive deal eyes Q2 2026 close. Substantial doubt persists on going concern without fresh capital.
8-K
Adopts poison pill rights plan
Jet.AI declared a dividend of one right per common share, payable February 24, 2026, via a one-year stockholder rights plan. Rights trigger if anyone hits 10% ownership, letting others buy stock worth twice the $0.70 exercise price. Board can redeem for $0.01 beforehand. Defends against hostile takeovers.
8-K
Merger amendment drops financing
Jet.AI amended its merger agreement with flyExclusive on February 11, 2026, scrapping the $50 million preferred stock warrant closing condition after confirming sufficient net working capital. This frees Jet.AI to pursue post-merger strategic deals, while Nasdaq flagged a bid price below $1.00 for 30 days on February 6, granting 180 days to comply. Deal remains on track. Delisting looms if unsuccessful.
8-K
Boosts ATM shares eligibility
Jet.AI filed a prospectus supplement on January 20, 2026, boosting shares eligible for sale under its November 21, 2025 equity distribution agreement with Maxim Group LLC, as amended. This expands at-the-market offering capacity via S-3 filings. No sale terms disclosed. Filing includes legal opinion.
8-K
Series B fully converted
Jet.AI secured consents from investors Hexstone Capital and Ionic Ventures via a January 16, 2026 letter agreement, enabling up to $36M at-the-market and $10M underwritten offerings. All Series B convertible preferred stock converted fully after adjusting the price to the lowest common stock trading price over prior 10 days. Investors waived enforcement rights. Capital raise unlocked.
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