secwatch.observer — SEC 8-K summary
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Issuer:     Volato Group, Inc. (SOAR)
CIK:        0001853070
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001628280-24-023378
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volato Q1 revenue $13.2M, net loss $17.4M; announces $14.5M financing
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- Revenue $13.2M ($11.5M aircraft usage, $1.7M managed services); net loss $17.4M with $0.2M non-cash charge.
- Adjusted EBITDA loss of $13.1M (non-GAAP).
- Flight hours up 39% YoY; blended yield up 8% YoY.
- Announces $14.5M new financing; expects delivery of 10-12 aircraft in FY 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024023378/0001628280-24-023378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853070/000162828024023378/soar-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023378

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