Volato Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	70.88	73.34	96.71	1.06
Revenue Growth (YoY)	-15.57%	-24.16%	9059.07%	-
Cost of Revenue	81.07	82.03	94.28	0.85
Gross Profit	-10.19	-8.69	2.43	0.2
Selling, General & Admin	36	28.82	11.61	2.04
Other Operating Expenses	-0.56	0	0	0.36
Operating Expenses	35.43	28.82	11.61	2.4
Operating Income	-45.62	-37.51	-9.19	-2.19
Interest Expense / Income	3.6	3.36	0.87	0.06
Other Expense / Income	13.47	11.95	-0.63	-0.78
Pretax Income	-62.69	-52.82	-9.42	-1.47
Income Tax	0.01	0	-0.06	0
Net Income	-62.7	-52.82	-9.37	-1.47
Shares Outstanding (Basic)	29	15	11	6
Shares Outstanding (Diluted)	29	15	11	6
Shares Change	158.38%	35.28%	83.44%	-
EPS (Basic)	-3.00	-3.46	-0.83	-0.24
EPS (Diluted)	-3.00	-3.46	-0.83	-0.24
Free Cash Flow	-38.27	-31.03	-21.69	-18.3
Free Cash Flow Per Share	-1.31	-2.04	-1.93	-2.98
Gross Margin	-14.37%	-11.85%	2.51%	19.18%
Operating Margin	-64.36%	-51.15%	-9.50%	-207.88%
Profit Margin	-88.45%	-72.03%	-9.69%	-139.54%
Free Cash Flow Margin	-53.98%	-42.31%	-22.43%	-1733.01%
EBITDA	-58.44	-48.97	-8.39	-1.39
EBITDA Margin	-82.44%	-66.77%	-8.68%	-131.57%
Depreciation & Amortization	0.66	0.5	0.16	0.03
EBIT	-59.09	-49.46	-8.56	-1.42
EBIT Margin	-83.37%	-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).