See more : Shinobu Foods Products Co., Ltd. (2903.T) Income Statement Analysis – Financial Results
Complete financial analysis of Volato Group, Inc. (SOAR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Volato Group, Inc., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Volato Group, Inc. (SOAR)
About Volato Group, Inc.
Volato Group, Inc. operates as a private aviation company. The company offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, it operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. The company was founded in 2021 and is based in Chamblee, Georgia.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 73.34M | 96.71M | 1.06M |
| Cost of Revenue | 82.03M | 94.28M | 853.29K |
| Gross Profit | -8.69M | 2.43M | 202.56K |
| Gross Profit Ratio | -11.85% | 2.51% | 19.18% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 11.04M | 1.98M |
| Selling & Marketing | 0.00 | 404.68K | 387.87K |
| SG&A | 28.82M | 11.61M | 2.37M |
| Other Expenses | 0.00 | 15.00K | 0.00 |
| Operating Expenses | 28.82M | 11.61M | 2.40M |
| Cost & Expenses | 110.85M | 105.89M | 3.25M |
| Interest Income | 0.00 | 2.28K | 0.00 |
| Interest Expense | 3.36M | 866.00K | 57.91K |
| Depreciation & Amortization | 496.00K | 162.00K | 26.24K |
| EBITDA | -48.97M | -8.43M | -1.42M |
| EBITDA Ratio | -66.77% | -9.32% | -206.53% |
| Operating Income | -37.51M | -9.19M | -2.19M |
| Operating Income Ratio | -51.15% | -9.50% | -207.88% |
| Total Other Income/Expenses | -15.31M | -270.00K | 687.70K |
| Income Before Tax | -52.82M | -9.46M | -1.51M |
| Income Before Tax Ratio | -72.02% | -9.78% | -142.75% |
| Income Tax Expense | 2.00K | -55.00K | 12.05K |
| Net Income | -52.82M | -9.37M | -1.47M |
| Net Income Ratio | -72.03% | -9.69% | -139.54% |
| EPS | -3.46 | -0.83 | -0.04 |
| EPS Diluted | -3.46 | -0.83 | -0.04 |
| Weighted Avg Shares Out | 15.25M | 11.27M | 34.50M |
| Weighted Avg Shares Out (Dil) | 15.25M | 11.27M | 34.50M |
Volato Disrupts $2.4 Billion Market with Patent-Pending Bitcoin Innovation
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR), a leader in private aviation innovation, announces a new patent-pending technology that advances how aircraft generate revenue by repurposing underutilized aircraft resources for cryptocurrency mining. First filed in 2023, this innovation has already...
Volato's Vaunt Platform Achieves 50% ARR Growth, Poised for Further Expansion with New Excel/XLS Aircraft from flyExclusive
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE America: SOAR) announced that Vaunt, the innovative empty leg private aviation booking platform, achieved 50% revenue growth since June 2024, and announced the expansion of its flight inventory with the integration of the first Excel/XLS...
Volato Reports $40.3 million in Revenue and Confirms NYSE Acceptance of Compliance Plan in Third Quarter 10-Q
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), announced the filing of the third quarter 2024 Form 10-Q with the Securities and Exchange Commission (SEC). The Form 10-Q can be found at https://ir.flyvolato.com/financial-information/sec-filings or at www.sec.gov. Third...
Volato Reports Third Quarter 2024 Results
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...
Vaunt Reaches First Milestone with flyExclusive Flights Now Available
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR) is excited to announce that Vaunt has reached an important milestone, with the first flyExclusive flights now available on the platform. This is the start of a larger effort...
Volato Announces Acceptance of Compliance Plan by NYSE American
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc (“Volato,” or the “Company”) (NYSE American: SOAR), today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on June 18,...
Volato Announces Fleet Update and Cost Efficiency Measures
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced further steps in its ongoing efforts to enhance operational efficiency and profitability. As...
Volato Reports Second Quarter 2024 Results
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial...
Volato Launches the First Fractional G280 Ownership Program in the United States
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced the launch of its Fractional G280 Ownership Program, expanding its fractional offering to the super-midsize category...
Volato Updates Fractional Program with Additional Differentiated Benefits
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced a series of enhancements to its fractional program, along with the news that the company has...
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