FLYX Earnings Prediction
The chart below shows how FLYX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLYX sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
FLYX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
76.92M
--
-2.65%
Gross Margin
3.35%
--
-720.37%
Operating Margin
-22.65%
--
-18.32%
Net Margin
-31.38%
--
-10.98%
EPS
-0.32
-313.33%
-0.00%
No Data Available
FLYX Earnings Analysis
flyExclusive, Inc. Corporation (FLYX.A) Earnings Conference Call
Positive
Third Quarter Revenue Increase: Revenue for the third quarter totaled approximately $77 million, up 24% compared to the same period last year.
Membership Base Expansion: This growth was driven in large part by a 20% expansion of our membership base, which now boasts well over 1,000 members.
Non-GRP Flight Hours Surge: We achieved a remarkable 49% increase in non-GRP flight hours, contributing significantly to our revenue growth.
SG&A Expense Reduction: Our SG&A expenses decreased from 31% of revenue in the first quarter to 26% in the third quarter, reflecting our ongoing cost management efforts.
Positive Cash Flow Outlook: We expect to generate positive cash flow in Q4 2024 and achieve positive adjusted EBITDA early in 2025.
Negative
Adjusted EBITDA Loss Reduction: In the first quarter of 2024, the company reported an adjusted EBITDA loss of roughly $19 million, which decreased to $16 million in Q2, and further reduced to just over $10 million in Q3, indicating ongoing financial challenges.
Revenue Increase with Challenges: Despite a reported revenue increase of 24% year-over-year to approximately $77 million, the company faced significant operational challenges during the transition year of 2024, impacting overall profitability.
Fleet Size Reduction: The total number of planes on the company's certificate has declined to 88 from 100 a year ago, reflecting a reduction in operational capacity and potential revenue generation.
S,G&A Expense Reduction: S,G&A expenses were approximately $20 million in Q3, down 7% from Q2 but still representing a 21% decrease from the first quarter of 2024, indicating ongoing cost management issues.
Operational Efficiency Challenges: The company has faced challenges in maintaining its operational efficiency, as evidenced by the continued reliance on non-performing aircraft, which has negatively impacted EBITDA margins.
FLYX FAQs
How does FLYX typically perform around its earnings report dates?
Is flyExclusive, Inc. (FLYX) Q3 2024 Earnings Call Summary positive or negative?
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FLYX Earning Call Sentiment
flyExclusive, Inc. (FLYX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FLYX.A
-2.54%Positive
The earnings call summary indicates strong revenue growth, improved gross margins, and significant debt reduction. The strategic initiatives, including the fleet refresh and the Volato agreement, show promising future profitability. The absence of negative sentiment in the Q&A, combined with positive EBITDA outlook and operational efficiency, supports a positive sentiment. However, the ongoing challenges and risks, such as operational challenges and market competition, temper the sentiment slightly. Overall, the stock is likely to see a positive movement in the next two weeks.
