Sky Harbour Q3 revenue +64% YoY; raises ground-lease guidance to 9 by Dec 2025

Sky Harbour Group Corp

2024-Q3 EPS reported -$1.29 revenue$10,119,000

Consolidated Q3 revenues up 64% vs Q3 2023; net cash used in ops $1.2M.
Obligated Group Q3 cash from ops $2.5M, up from $0.8M a year ago.
Annualized revenue per leased sq ft $40.36 vs projected $29.50 (+37%).
Raised ground-lease target from 8 to 9 additional by Dec 2025.
PIPE raised $37.6M at $9.50/sh; second close up to $37.6M on Dec 20, 2024.

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