AerSale Q2 revenue $69.3M (-50% YoY), net loss $2.7M, cuts FY guidance

AerSale Corp

2023-Q2 EPS reported -$0.07 revenue$147,597,000

Revenue $69.3M vs $139.6M YoY; flight equipment sales $13.3M (4 engines, no aircraft) vs $92.5M (3 engines, 3 aircraft) in prior year.
GAAP net loss $2.7M vs net income $26.5M YoY; adjusted net loss $0.6M vs adjusted net income $31.7M.
Adjusted EBITDA -$0.5M vs $41.1M YoY.
2023 guidance: revenue $400-$440M, adjusted EBITDA $40-$55M, citing soft freight demand extending B757 P2F sales cycle.
AerAware final flight testing tentatively week of Aug 14 or 21 after completing FAA modifications.

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 0.85

AerSale Corp reported 2023 results: revenue $400 - $440 million. Guidance lowered.

Period: 2023
Revenue: $400 - $440 million
Guidance: lowered
Result: guidance update

Exact text from the filing

2023 guidance update: expects revenue in the range of $400 - $440 million and adjusted EBITDA in the range of $40 - $55 million, which excludes any potential AerAware sales

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp reported second quarter ended June 30, 2023 results: EPS Diluted loss per share was $0.08 for the second quarter of 2023.

Period: second quarter ended June 30, 2023
EPS: Diluted loss per share was $0.08 for the second quarter of 2023
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing.. --- EX-99.1 (EX-99.1) --- AerSale Reports Second Quarter 2023 Results Second Quarter 2023 Highlights ● Revenue of $69.3 million versus $139.6 million in the prior year period. ● GAAP net loss of $2.7 million versus GAAP net income of $26.5 million in the prior year period. ● Adjusted Net Loss of $0.6

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp reported second quarter ended June 30, 2023 results: EPS Diluted loss per share was $0.08 for the second quarter of 2023.

Period: second quarter ended June 30, 2023
EPS: Diluted loss per share was $0.08 for the second quarter of 2023
Result: reported results

Exact text from the filing

Second Quarter 2023 Highlights ● Revenue of $69.3 million versus $139.6 million in the prior year period. ● GAAP net loss of $2.7 million versus GAAP net income of $26.5 million in the prior year period.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp reported second quarter ended June 30, 2023 results: EPS Diluted loss per share was $0.08 for the second quarter of 2023.

Period: second quarter ended June 30, 2023
EPS: Diluted loss per share was $0.08 for the second quarter of 2023
Result: reported results

Exact text from the filing

Diluted loss per share was $0.08 for the second quarter of 2023

View on SEC.gov

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

AerSale Corp filing history →

Source: SEC EDGAR

accession 0001558370-23-013920

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