AerSale Q3 revenue $51M, net loss $9.0M; flight equipment sales down sharply

AerSale Corp

2022-Q3 EPS reported $0.64 revenue$313,413,000

Revenue $51.0M, down 30% YoY; GAAP net loss $9.0M vs loss $1.6M in Q3 2021.
Adjusted EBITDA -$0.5M vs $13.9M prior year; adjusted EPS -$0.03 vs $0.22.
Flight equipment sales $2.7M (two engines) vs $27.4M (three aircraft+one engine) in Q3 2021.
Reaffirms FY2022 revenue guidance $420-$450M, adjusted EBITDA $80-$90M.
Cash $151.4M, undrawn $150M credit facility; AerAware certification flights expected soon.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp reported three and nine months ended September 30, 2022 results: revenue $51.0 million, net income $9.0 million, EPS $0.17. Guidance reaffirmed.

Period: three and nine months ended September 30, 2022
Revenue: $51.0 million
Net income: $9.0 million
EPS: $0.17
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Year-to-date sales up 40.1% to $313.4 million. ● Year-to-date basic EPS up 13.6%; Adjusted basic EPS up 4.1%. ● Year-to-date Adjusted EBITDA up 16.2% ● Third quarter revenue of $51.0 million, compared to $73.3 million in the prior year period. ● Third-quarter GAAP net loss of $9.0 million versus GAAP net loss of $1.6 million in prior year period. ● Adjusted Net Loss

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AerSale Corp filing history →

Source: SEC EDGAR

accession 0001558370-22-016854

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