Sky Harbour FY2024 revenue up 95% YoY; opens Phoenix campus, signs new Seattle lease

Sky Harbour Group Corp

FY2024 consolidated revenue increased 95% YoY; net cash used in operations $9.1M; cash & Treasuries $127M at year-end.
Opened Phoenix campus (DVT) in Q1 2025; Denver (APA) and Addison (ADS) expected to open in coming weeks.
Signed new ground lease at Seattle Boeing Field (BFI) for ~90,000 rentable sq ft of hangar and office space.
Completed PIPE issuance of 7.9M shares at $9.50 for net proceeds ~$75M; expects $150M debt issuance this summer.
Reiterates FY2025 guidance: run-rate breakeven operating cash flow/Adjusted EBITDA by year-end; six new ground leases by end of 2025.

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