secwatch.observer — SEC 8-K summary
======================================

Issuer:     AerSale Corp (ASLE)
CIK:        0001754170
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001558370-23-013920
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754170/000155837023013920/0001558370-23-013920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754170/000155837023013920/asle-20230808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013920

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer