SKAS
Saker Aviation Services, Inc.6.80
+0.00+0%
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
6.78MP/E (TTM)
-Basic EPS (TTM)
-0.44Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Saker Aviation posted zero revenue in Q3 ended September 30, 2025, after losing its Downtown Manhattan Heliport concession March 29—down from $2.5M y/y—driving a $264K operating loss versus $803K income last year. YTD revenue fell to $1.3M from $6.5M, with gross profit at $511K (derived), but SG&A climbed 19% to $1.6M on covenant and litigation costs, yielding $1.1M operating loss and $(0.93) diluted EPS on 1.0M shares. Cash dipped to $4.8M, with $423K operating outflow; no debt, investments at $3.7M. No operations now. Solid liquidity endures.
10-Q
Q2 FY2025 results
Saker Aviation shut down heliport operations March 29, 2025, wiping out Q2 revenue to $0 from $2.6M y/y while six-month revenue fell to $1.3M from $4.0M. Gross profit dropped accordingly, but SG&A eased 25.6% q/q to $369K amid lower ops costs—yet six-month operating loss hit $865K versus $1.1M income prior year, driven by covenant-not-to-compete expense and litigation fees. Net loss widened to $781K ($0.77 diluted EPS) as asset write-offs offset interest income; EPS aligns with 1.01M diluted shares. Cash dipped to $5.1M with $172K ops outflow, bolstered by $9.0M working capital and $500K undrawn revolver. No debt. Covenant payments total $277K over 18 months. Losing the sole revenue stream hurts most.
10-Q
Q1 FY2025 results
Saker Aviation's Q1 revenue slipped 5.8% y/y to $1.26M, with gross profit dropping 19.1% to $511K (40.6% margin vs 47.2%) on higher cost of revenue from severance. SG&A ballooned 133.7% to $1.01M, driven by a $277K covenant not to compete expense and litigation fees over NYCEDC's heliport termination on March 29, 2025—flipping operating income of $201K to a $496K loss. Net loss hit $515K ($0.51 diluted EPS), matching shares at 1.01M; write-off of relinquished assets widened the gap from operating loss. Cash held steady at $5.3M, operations generated $35K, revolver fully available at $500K. No debt. Litigation outcome remains uncertain.
10-K
FY2024 results
Saker Aviation eked out 3.8% revenue growth to $9.2M in FY2024 ended December 31, 2024, yet gross margins cratered to 51.0% from 71.1% on $2.8M NYCEDC fees (derived)—still posting $2.6M operating income before a $1.1M litigation hit dropped net to $1.3M ($1.24 diluted EPS, reconciled). Q4 sustained topline momentum amid extensions to the Interim Agreement, while SG&A plunged 26% post-management contract end. Cash sits at $5.3M with $9.6M working capital; revolver untapped. No outlook disclosed. Losing the heliport concession threatens all future revenue.
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