GlobalX Q3 revenue $42.6M (+38% YoY); reaffirms FY23 revenue guidance of $150M

Global Crossing Airlines Group Inc.

2023-Q3 EPS reported -$0.33 revenue$106,202,529

Q3 revenue $42.6M (+38% YoY); EBITDAR $7.6M; GAAP operating loss $2.3M (improved $4.4M vs Q2).
Block hours flown 6,487 (+173% YoY); pilot count rose to 125.
Closed $35M debt facility with Axar Capital to fund growth and working capital.
FY23 revenue guidance reaffirmed at $150M (+54% YoY); $143M already flown or contracted.
Ends Q3 with $17.3M cash (+46% vs Dec 2022); 13 aircraft plus 4 planned Q4.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Crossing Airlines Group Inc. updated its for the nine months ended September 30, 2023 guidance (reaffirmed).

Period: for the nine months ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 8, 2023, the Company issued a press release announcing its financial results for the nine months ended September 30, 2023. A copy of the press release is attached as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000950170-23-061967

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