Volato Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021
Revenue	73.34	96.71	1.06
Revenue Growth (YoY)	-24.16%	9059.07%	-
Cost of Revenue	82.03	94.28	0.85
Gross Profit	-8.69	2.43	0.2
Selling, General & Admin	28.82	11.61	2.04
Other Operating Expenses	0	0	0.36
Operating Expenses	28.82	11.61	2.4
Operating Income	-37.51	-9.19	-2.19
Interest Expense / Income	3.36	0.87	0.06
Other Expense / Income	11.95	-0.63	-0.78
Pretax Income	-52.82	-9.42	-1.47
Income Tax	0	-0.06	0
Net Income	-52.82	-9.37	-1.47
Shares Outstanding (Basic)	15	11	6
Shares Outstanding (Diluted)	15	11	6
Shares Change	35.28%	83.44%	-
EPS (Basic)	-3.46	-0.83	-0.24
EPS (Diluted)	-3.46	-0.83	-0.24
Free Cash Flow	-31.03	-21.69	-18.3
Free Cash Flow Per Share	-2.04	-1.93	-2.98
Gross Margin	-11.85%	2.51%	19.18%
Operating Margin	-51.15%	-9.50%	-207.88%
Profit Margin	-72.03%	-9.69%	-139.54%
Free Cash Flow Margin	-42.31%	-22.43%	-1733.01%
EBITDA	-48.97	-8.39	-1.39
EBITDA Margin	-66.77%	-8.68%	-131.57%
Depreciation & Amortization	0.5	0.16	0.03
EBIT	-49.46	-8.56	-1.42
EBIT Margin	-67.44%	-8.85%	-134.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).