Air T, Inc. Reports FY23 Results; FY23 EPS $(4.32); Revenue $247.3M
Portfolio Pulse from Happy Mohamed
Air T, Inc. reported FY23 revenues of $247.3 million, a 40% increase from the prior year. However, the company experienced an operating loss of $4.4 million, adjusted EBITDA profit of $6.0 million, and a loss per share of $4.32. Total equity decreased by 49.5% to $11.9 million.
June 27, 2023 | 3:39 pm
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Air T, Inc. reported a 40% increase in FY23 revenues but experienced an operating loss, a decrease in adjusted EBITDA profit, and a loss per share. Total equity also decreased by 49.5%.
The increase in revenues is a positive sign for Air T, Inc. However, the operating loss, decrease in adjusted EBITDA profit, loss per share, and significant decrease in total equity indicate financial struggles for the company, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100