Volato Group, Inc. (SOAR)

Volato Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	102.27	73.34	96.71	1.06
Revenue Growth (YoY)	31.49%	-24.16%	9059.07%	-
Cost of Revenue	105.2	82.03	94.28	0.85
Gross Profit	-2.93	-8.69	2.43	0.2
Selling, General & Admin	36.52	28.82	11.61	2.37
Operating Expenses	36.52	28.82	11.61	2.4
Operating Income	-39.46	-37.51	-9.19	-2.19
Interest Expense	-6.53	-3.36	-0.87	-0.06
Other Non Operating Income (Expenses)	-16.23	-13.22	0.02	-
EBT Excluding Unusual Items	-62.23	-54.09	-10.04	-2.25
Gain (Loss) on Sale of Investments	0.88	0.88	-	-0.01
Gain (Loss) on Sale of Assets	-	0.39	0.58	0.76
Pretax Income	-61.34	-52.82	-9.46	-1.51
Income Tax Expense	0.03	0	-0.06	-
Earnings From Continuing Operations	-61.37	-52.82	-9.4	-1.51
Minority Interest in Earnings	-	-	0.03	0.03
Net Income	-62.36	-52.82	-9.37	-1.47
Net Income to Common	-62.36	-52.82	-9.37	-1.47
Shares Outstanding (Basic)	27	15	11	6
Shares Outstanding (Diluted)	27	15	11	6
Shares Change (YoY)	104.44%	35.28%	83.44%	-
EPS (Basic)	-2.27	-3.46	-0.83	-0.24
EPS (Diluted)	-2.27	-3.46	-0.83	-0.24
Free Cash Flow	-	-31.03	-21.69	-18.3
Free Cash Flow Per Share	-	-2.04	-1.92	-2.98
Gross Margin	-2.87%	-11.85%	2.51%	19.18%
Operating Margin	-38.58%	-51.15%	-9.50%	-207.88%
Profit Margin	-60.98%	-72.03%	-9.69%	-139.54%
Free Cash Flow Margin	-	-42.31%	-22.43%	-1733.01%
EBITDA	-39.26	-37.31	-9.02	-2.17
EBITDA Margin	-38.39%	-50.87%	-9.33%	-205.39%
D&A For EBITDA	0.2	0.2	0.16	0.03
EBIT	-39.46	-37.51	-9.19	-2.19
EBIT Margin	-38.58%	-51.15%	-9.50%	-207.88%
Advertising Expenses	-	-	-	0.39

Source: S&P Capital IQ. Standard template. Financial Sources.