earnings
confidence high
sentiment positive
materiality 0.75
AerSale Q3 revenue $73.3M, GAAP net loss $1.6M; raises FY adjusted EBITDA guidance to $80-90M
AerSale Corp
2021-Q3 EPS reported
$0.59
revenue$223,654,000
- Revenue $73.3M vs $57.1M YoY; flight equipment sales of $27.4M (none in prior year).
- Adjusted EBITDA $13.9M (18.9% of revenue) vs $25.6M (44.8%) YoY, which included $6.3M PSP proceeds.
- GAAP net loss $1.6M; adjusted net income $9.2M after excluding $8.7M equity compensation and $2.1M warrant costs.
- 2021 guidance raised: revenue $320-340M, adjusted EBITDA $80-90M (prior $60-70M), driven by strong freighter demand.
- Warrant redemption via cashless exchange confirmed not to violate CARES Act; company can proceed at appropriate time.