GlobalX reports Q3 net income of $163,631; revenue $30.8M, up 886%

Global Crossing Airlines Group Inc.

2022-Q3 EPS reported -$0.22 revenue$64,612,231

Net income of $163,631 ($0.002 diluted EPS); adjusted net income of $233,346 ($0.003).
Revenue of $30.8M, up 886% YoY; sold 3,951 block hours (+85% QoQ).
EBITDAR of $5M and EBITDA of $1M, marking first profitable quarter.
Cash and restricted cash $7.8M, up $2.4M from Q2; reaffirms FY2022 revenue guidance >$90M.
Plan to add one A321 passenger and two A321 freighters in Q4, subject to FAA/DOT approval.

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