secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001193125-22-153095
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GlobalX Q1 revenue $16.3M (+46% QoQ), net loss $4.8M; reaffirms $90M+ 2022 revenue guidance
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- Revenue $16.3M on 1,729 block hours, up 46% and 33% respectively from Q4 2021.
- Net loss of $4.8M; ended quarter with $11.9M in cash, equivalents, and restricted cash.
- Signed contracts/LOIs for $70M in 2022, $76M in 2023, $52M in 2024; reiterates $90M+ revenue target for 2022.
- Expects operating income near break-even in Q2 and positive in Q3 2022.
- Leased two A321F freighters from Aerovista (deliveries Aug/Nov 2023); LOI for up to 200 eVTOL aircraft with EVE Mobility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522153095/0001193125-22-153095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522153095/d345531d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-153095

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