Financial Snapshot

Revenue
$217.7M
TTM
Gross Margin
80.92%
TTM
Net Earnings
-$13.57M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
29.89%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$29.50M
Q3 2024
Cash
Q3 2024
P/E
-3.445
Nov 29, 2024 EST
Free Cash Flow
-$1.427M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $160.1M $97.11M $14.29M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 64.89% 579.57%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $160.1M $97.11M $14.29M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $38.08M $27.41M $3.980M
Gross Profit $122.0M $69.70M $10.32M
Gross Profit Margin 76.22% 71.77% 72.22%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $121.5M $70.46M $19.95M $2.525M $4.603M $4.210M $3.050M $403.6K $399.8K
YoY Change 72.5% 253.17% 690.2% -45.15% 9.34% 38.04% 655.7% 0.94%
% of Gross Profit 99.59% 101.09% 193.31%
Research & Development $0.00 $39.71K $16.77K
YoY Change -100.0% 136.78%
% of Gross Profit
Depreciation & Amortization $2.293M $609.5K $30.00K $130.00 $11.35K $3.146K $1.749K $3.911K $14.39K
YoY Change 276.18% 1931.63% 22976.92% -98.85% 260.81% 79.87% -55.28% -72.82%
% of Gross Profit 1.88% 0.87% 0.29%
Operating Expenses $176.0M $108.3M $27.47M $2.511M $4.945M $4.528M $3.245M $447.2K $431.0K
YoY Change 62.43% 294.42% 993.92% -49.21% 9.19% 39.56% 625.57% 3.76%
Operating Profit -$15.87M -$11.24M -$17.15M
YoY Change 41.21% -34.48%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $4.916M $1.622M -$190.0K -$142.4K -$168.1K $164.7K $33.16K $16.79K $7.456K
YoY Change 203.11% -953.65% 33.39% -15.25% -202.07% 396.52% 97.58% 125.12%
% of Operating Profit
Other Income/Expense, Net -$4.916M -$4.584M -$2.836M $0.00
YoY Change 7.24% 61.66%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income -$20.78M -$15.82M -$20.00M -$2.044M -$7.855M -$4.439M -$7.079M -$2.435M -$279.3K
YoY Change 31.37% -20.9% 878.4% -73.98% 76.95% -37.29% 190.76% 771.78%
Income Tax $2.450K $0.00 $0.00
% Of Pretax Income
Net Earnings -$21.01M -$15.82M -$19.82M -$2.044M -$7.852M -$4.460M -$7.061M -$2.435M -$279.3K
YoY Change 32.8% -20.18% 869.6% -73.97% 76.06% -36.83% 190.01% 771.78%
Net Earnings / Revenue -13.12% -16.29% -138.7%
Basic Earnings Per Share -$0.37 -$0.30 -$0.43
Diluted Earnings Per Share -$0.37 -$0.30 -$429.1K -$106.6K -$954.0K -$634.0K -$1.223M -$1.294M -$213.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $11.60M $1.876M $5.240M $523.7K $209.6K $952.9K $2.327M $1.289M $1.835M
YoY Change 518.22% -64.2% 900.59% 149.86% -78.0% -59.06% 80.51% -29.73%
Cash & Equivalents $11.60M $1.876M $5.240M $523.7K $209.6K $952.9K $2.327M $1.289M $1.835M
Short-Term Investments
Other Short-Term Assets $8.815M $7.184M $3.600M $386.8K $130.6K $503.5K $75.01K $32.70K $25.19K
YoY Change 22.7% 99.57% 830.67% 196.16% -74.06% 571.23% 129.36% 29.86%
Inventory
Prepaid Expenses
Receivables $10.18M $2.664M $750.0K $168.0K $93.68K $18.94K $20.35K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $91.75K $0.00
Total Short-Term Assets $30.59M $11.72M $9.590M $910.5K $350.6K $1.624M $2.496M $1.433M $1.880M
YoY Change 160.93% 22.26% 953.26% 159.67% -78.41% -34.92% 74.22% -23.81%
Property, Plant & Equipment $86.51M $33.10M $23.29M $2.521M $593.00 $18.64K $3.896K $0.00 $2.018M
YoY Change 161.33% 42.14% 823.96% 424970.83% -96.82% 378.52% -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $156.1K $156.1K $156.1K $156.1K
YoY Change -100.0% 0.0% 0.0% 0.0%
Other Assets $14.22M $6.335M $6.200M $3.740M $0.00 $2.518M $127.0K $86.21K $102.5K
YoY Change 124.52% 2.18% 65.77% -100.0% 1881.8% 47.37% -15.88%
Total Long-Term Assets $100.7M $39.44M $29.48M $6.261M $593.00 $2.693M $287.1K $242.3K $2.277M
YoY Change 155.42% 33.78% 370.87% 1055667.28% -99.98% 837.93% 18.46% -89.36%
Total Assets $131.3M $51.16M $39.07M $7.171M $351.2K $4.317M $2.783M $1.675M $4.157M
YoY Change
Accounts Payable $7.481M $4.997M $3.570M $1.227M $1.039M $630.5K $334.4K $146.6K $149.1K
YoY Change 49.71% 39.97% 190.99% 18.05% 64.85% 88.51% 128.14% -1.66%
Accrued Expenses $31.12M $15.90M $9.360M $605.4K
YoY Change 95.64% 69.92% 1446.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.810M $1.570M $392.7K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 15.32% 299.8%
Long-Term Debt Due $599.2K $335.5K
YoY Change 78.59%
Total Short-Term Liabilities $53.03M $27.87M $14.70M $3.557M $1.192M $859.4K $389.4K $355.2K $241.3K
YoY Change 90.29% 89.56% 313.32% 198.47% 38.65% 120.68% 9.65% 47.16%
Long-Term Debt $29.17M $5.081M $1.210M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 474.16%
Other Long-Term Liabilities $68.99M $25.47M $20.13M $2.103M $0.00 $16.25K $16.25K $16.25K $177.7K
YoY Change 170.85% 26.54% 857.31% -100.0% 0.0% 0.0% -90.86%
Total Long-Term Liabilities $98.17M $30.55M $20.13M $3.312M $0.00 $16.25K $16.25K $16.25K $177.7K
YoY Change 221.3% 51.78% 507.74% -100.0% 0.0% 0.0% -90.86%
Total Liabilities $151.4M $58.42M $34.83M $6.869M $1.192M $875.7K $405.7K $371.4K $419.0K
YoY Change 159.19% 67.73% 407.07% 476.44% 36.08% 115.85% 9.23% -11.37%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 56.76M 52.07M 46.19M
Diluted Shares Outstanding 56.76M 52.07M 46.19M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $46.738 Million

About Global Crossing Airlines Group Inc.

Global Crossing Airlines Group, Inc. operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft. The company is headquartered in Miami, Florida and currently employs 625 full-time employees. Its business model is to provide services on an Aircraft, Crew, Maintenance and Insurance (ACMI) using wet lease contracts to airlines and non-airlines, and on a Full Service (Charter) basis whereby it provides passenger aircraft charter services to customers by charging an all-in fee that includes fuel, insurance, landing fees, and navigation fees. The firm also operates an ACMI cargo service, flying the A321 freighter. The firm maintains additional crew bases at locations: San Antonio International Airport (SAT) in San Antonio, Texas, and Harry Reid International Airport (LAS) in Las Vegas, Nevada. Its passenger aircraft fleet is built on the Airbus A320-200 fleet family. Its cargo aircraft fleet is based on the Airbus A321 aircraft type. The company operates within the United States, Europe, Canada, Central and South America.

Industry: Air Transportation, Scheduled Peers: Wheels Up Experience Inc. Blade Air Mobility, Inc. HARBOR DIVERSIFIED, INC. MESA AIR GROUP INC SOUTHWEST AIRLINES CO