Thu, May 15, 5:56 PM (39 days ago)
**Altair International Corp. (AAIR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $5,875,523 (Q1 2024: $5,887,540) - **Net Loss:** $1,223,605 (Q1 2024: Net Income $52,922) - **Gross Profit Margin:** 2.5% (Q1 2024: 14.8%) - **Operating Expenses:** $1,002,266 (Q1 2024: $741,311) - **Cash Flow from Operations:** $994,869 (Q1 2024: $358,438) - **Cash Flow Used in Investing Activities:** $971,607 (Q1 2024: $0) - **Cash Flow Used in Financing Activities:** $101,900 (Q1 2024: $162,593) **Key Trends & Uncertainties:** - **Revenue Stability:** Minor change in overall revenue, with gains in charter revenue offset by reductions in maintenance and management revenue. - **Operating Losses:** Significant increase in operating expenses and losses due to pre-charter costs, maintenance, and increased salaries. - **Cash Flow:** Positive cash flow from operations, but substantial outflows in investing and financing activities. - **Liquidity Concerns:** Current liabilities exceed current assets, raising doubts about going concern. - **Dependence on Related Parties:** Significant transactions and support from related parties, indicating potential risks and uncertainties. - **Future Financings:** Reliance on related parties, equity sales, or debt financing to continue operations. **Future Operations Impact:** - **Growth Strategy:** Focus on charter revenue growth and cost-effective financing for additional charter aircraft. - **Risk Factors:** Dependence on related parties, potential legal proceedings, and increased costs as a public company. - **Going Concern:** Substantial doubt about the ability to continue as a going concern due to losses and limited working capital. **Ticker:** AAIR **Note:** Amounts are in thousands, 000s. This summary is based on the provided Q1 2025 financial data and management's discussion.