Sky Harbour Q1 revenue up 117% YoY; Sky Harbour Capital reaches cash flow positive

Sky Harbour Group Corp

2024-Q1 EPS reported -$0.78 revenue$2,404,000

Q1 2024 revenue up 117% YoY; SG&A up 38%.
Sky Harbour Capital generated $1.2M cash from ops, vs -$1.0M in Q1 2023 (cash flow break-even).
All operating campuses fully leased; SJC campus 58% leased with rents >$80/sq ft.
Four additional airport ground leases expected by end of 2024; construction back on track at DEN, PHX, DAL.
Cash, restricted cash, and Treasuries ~$160M; strong liquidity maintained.

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 quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of Home-Basing campuses for business aircraft, announced the release of its unaudited financial results for the quarter ended March 31, 2024 on Form 10-Q.

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Source: SEC EDGAR

accession 0001437749-24-016825

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