Sky Harbour Q2 revenue surges 322% YoY; leasing and pipeline expand

Sky Harbour Group Corp

2023-Q2 EPS reported -$0.36 revenue$2,835,000

Q2 revenue up 322% vs Q2 2022, 56% vs Q1 2023; SG&A decreased 5% YoY.
Cash, restricted cash, and US Treasury investments ~$150M as of June 30; H1 operating cash use improved to $9.1M from $24.3M.
Houston 94%, Nashville 64%, Miami 71% leased; full occupancy projected by Q4 2023.
Completed acquisition of PEMB manufacturer RapidBuilt; construction underway on Phoenix, Denver, Addison campuses.
Exclusive negotiations for six new ground leases with potential 1.5M sq ft hangar capacity; three expected by Q4 2023, three by Q2 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sky Harbour Group Corp reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 14, 2023, Sky Harbour Group Corporation (the “Company”), issued a press release announcing its financial results for the three and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-023847

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