Jet.AI Q3 revenue $3.9M, authorizes $2M buyback, withdraws S-1

Jet.AI Inc.

2024-Q3 EPS reported -$138.60 revenue$10,849,875

Q3 revenue $3.9M (+$0.5M YoY); gross loss ~$14K vs prior-year gross profit $170K.
Operating loss narrowed to $2.9M from $4.3M YoY; cash at Sept 30 was $312K, rising to $2.5M by Nov 14.
Board approved $2M share repurchase program through Dec 31, 2025; withdrew previously filed S-1 offering.
CEO: Entered agreement for three Cessna Citation CJ4 jets (delivery 2026); proposed Bombardier Challenger 3500 fleet (2027).
Expects to regain Nasdaq listing compliance by Nov 26, 2024 deadline after reverse stock split.

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