Sky Harbour Group Announces Amendment To Its 2Q23 Cash Flow Statement; Net Cash Used In Operating Activities Restated To $5.73M From $9.1M
Portfolio Pulse from Benzinga Newsdesk
Sky Harbour Group has amended its 2Q23 cash flow statement, restating its net cash used in operating activities to $5.73M from the previously reported $9.1M.

October 11, 2023 | 6:35 am
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NEUTRAL IMPACT
Sky Harbour Group's restatement of its 2Q23 cash flow statement could potentially impact investor sentiment and the company's stock price.
The restatement of Sky Harbour Group's 2Q23 cash flow statement indicates a significant change in the company's financial performance. While it's a positive adjustment, showing less cash used in operating activities, it may raise questions about the company's financial reporting accuracy. This could potentially impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100