secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001437749-24-026379
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Harbour Q2 revenue up 109% YoY; raises ground lease guidance to 8 by Dec 2025
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- Q2 consolidated revenues increased 109% YoY and 50% sequentially; net cash used in ops improved to $1.0M from $4.4M in Q1 2024.
- Reaffirmed positive operating cash flow guidance by Fall 2025; Sky Harbour Capital segment achieved $1.1M positive cash flow from ops in Q2 vs -$0.3M last year.
- Raised guidance to eight additional ground leases by Dec 2025 (from six); 14th campus at Salt Lake City announced; total rentable sq ft projected at 2.4M.
- Weighted average revenue run rate $39/sq ft, 32% above original $29.50 projection; renewals show 20% step-up in revenue.
- Evaluating $150M tax-exempt debt with indicative rates 4.55%-5.80%; expected to close H1 2025; strengthened management team with three new hires.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924026379/0001437749-24-026379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924026379/ysac20240813_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026379

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