Volato Reports Third Quarter 2024 Results
Volato Group, Inc. Class A (SOAR)
Company Research
Source: Business Wire
Volato Begins Turnaround with Positive Third Quarter MomentumAchieved Positive Adjusted EBITDA of $3.2 million on Revenue of $40.3 million as Initial Strategic Changes Take EffectConfirms Acceptance of Compliance Plan by NYSE American ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), today announced results for the third quarter ended September 30, 2024, reflecting early progress in a recently launched turnaround strategy aimed at building a stronger foundation and positioning the Company for sustainable growth.Third Quarter 2024 Financial HighlightsTotal revenue was $40.3 millionAircraft sales revenue was $38.2 millionManaged services revenue was $1.8 millionSoftware subscription revenue was $0.3 millionNet loss from continuing operations was $1.3 millionAdjusted EBITDA1 was $3.2 millionVaunt Annual Recurring Revenue(2) was $1.5 million[1] Adjusted EBITDA is a non-GAAP measure. Please refer to the tables and related notes in this press
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News
- Volato’s Vaunt Platform Achieves 50% ARR Growth, Poised for Further Expansion with New Excel/XLS Aircraft from flyExclusiveBusiness Wire
- Volato Reports $40.3 million in Revenue and Confirms NYSE Acceptance of Compliance Plan in Third Quarter 10-QBusiness Wire
- Vaunt Launches Third-Party Operator Program Following Successful flyExclusive IntegrationBusiness Wire
- Vaunt Reaches First Milestone with flyExclusive Flights Now AvailableBusiness Wire
- Volato Announces Acceptance of Compliance Plan by NYSE AmericanBusiness Wire
SOAR
Sec Filings
- 11/20/24 - Form 424B3
- 11/19/24 - Form 10-Q
- 11/18/24 - Form 424B3
- SOAR's page on the SEC website