Volato reports Q4 2023 revenue $31.5M, net loss $23.6M; full-year loss $52.8M

Volato Group, Inc.

Q4 total revenue $31.5M (aircraft sales $15.7M, usage $11.6M, managed services $4.2M).
Q4 net loss $23.6M includes $13.4M non-cash charge; Adjusted EBITDA loss $8.1M.
Full-year 2023 revenue $73.3M, net loss $52.8M (incl $13.4M non-cash), Adjusted EBITDA loss $32.1M.
Expects delivery of 10-14 new HondaJet aircraft in FY 2024; ended FY2023 with 24 HondaJets in fleet.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Volato Group, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 26, 2024, Volato Group, Inc. (the "Company") issued a press release announcing its financial results for the three months and fiscal year ended December 31, 2023. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

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Volato Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-012992

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