Thu, May 15, 7:01 PM (28 days ago)
**Saker Aviation Services, Inc. (SKAS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Decreased by 5.8% to $1,260,756,000 from $1,338,367,000 in Q1 2024. - **Gross Profit:** Decreased by 19.1% to $511,360,000, with a gross margin of 40.6%. - **Operating Loss:** $496,104,000, compared to an operating income of $201,062,000 in Q1 2024. - **Net Loss:** $514,765,000, resulting in a basic and diluted net loss per share of $0.52 and $0.51, respectively. - **Cash Flow:** Net cash provided by operating activities was $34,789,000, with cash used in investing activities at $29,743,000. - **Liquidity:** Cash and cash equivalents were $5,303,768,000, with a working capital surplus of $9,265,051,000. **Key Trends & Uncertainties:** - **Revenue Decline:** Attributed to decreased activity in jet fuel sales and related services. - **Operating Expenses:** Significant increase in SG&A expenses due to deferred compensation and legal fees. - **Legal & Operational Challenges:** Ongoing litigation and the loss of the Downtown Manhattan Heliport concession. - **Future Operations:** The company is exploring alternative revenue streams following the heliport concession termination. **Future Impact:** - **Revenue Diversification:** Necessary to mitigate the loss of the heliport concession. - **Cost Management:** Essential to control SG&A expenses and improve operational efficiency. - **Legal Resolution:** Outcome of the litigation could impact future operations and financial stability. **Conclusion:** Saker Aviation Services, Inc. faced significant challenges in Q1 2025, with revenue declines and increased operating losses. The company's future operations will depend on its ability to diversify revenue streams, manage costs, and resolve ongoing legal issues.