secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001437749-23-023847
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774923023847/0001437749-23-023847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774923023847/ysac20230815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023847

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer