See more : DGTL Holdings Inc. (DGTL.V) 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 Appoints Industry Veteran Mark Ozenick to Lead Aircraft Management Business Growth
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 appointment of business aviation veteran, Mark Ozenick, as President of Volato Aircraft Management Services (VAMS),...
Volato Provides Update on HondaJet and Gulfstream G280 Deliveries
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, is pleased to provide an update on the availability of new aircraft for delivery in...
CORRECTING and REPLACING Volato Announces Receipt of Continued Listing Standards Notice from NYSE American
ATLANTA--(BUSINESS WIRE)--First paragraph, second sentence of release should read: The Company must submit a plan (the “Plan”) by July 18, 2024 to the NYSE American outlining actions it has taken or will take to regain compliance with the continued listing...
Volato Announces Receipt of Continued Listing Standards Notice from NYSE American
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”) today announced that on June 18, 2024, it received a notice (the “notice”) from the NYSE American LLC (the “NYSE American”) advising the Company that it is not in...
Vaunt Reaches $1 Million of Annual Recurring Revenue in 2024
ATLANTA--(BUSINESS WIRE)--Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced that it has achieved $1 million of annual...
Volato's First SmartSky®-Equipped HondaJet Enters Service
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 first of its HondaJet fleet – and the first HondaJet ever – is now equipped...
Volato to Attend Jefferies Business Aviation Summit
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 that Matt Liotta, Chief Executive Officer, and Mark Heinen, Chief Financial Officer, will participate in a...
Volato Announces 2024 Safety Summit, June 25-26 in Atlanta, GA
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 its second annual Safety Summit, a two-day event dedicated to advancing safety standards across the private...
Volato Appoints Industry Sales Leader, Luis Garcia, as Executive Vice President of Sales
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 appointment of Luis Garcia as Executive Vice President of Sales. Garcia is an industry veteran...
Volato Reports First 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 first quarter ended March 31, 2024. First Quarter 2024 Financial...
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