SKYH Earnings Prediction
The chart below shows how SKYH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SKYH sees a -10.91% change in stock price 10 days leading up to the earnings, and a -1.94% change 10 days following the report. On the earnings day itself, the stock moves by +3.08%. This data can give you a slight idea of what to expect for the next quarter's release.
SKYH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.64M
107.42%
13.30%
Gross Margin
71.05%
--
--
Operating Margin
-115.64%
-44.50%
-2.59%
Net Margin
--
--
--
EPS
-1.57
-201.92%
112.16%
No Data Available
SKYH Earnings Analysis
Sky Harbour Group Corp Corporation (SKYH.A) Earnings Conference Call
Positive
Construction Activity Growth: In Q4, assets under construction and completed construction reached over $250 million, indicating strong growth in construction activity across multiple campuses.
Sequential Revenue Increase: Revenues increased by 13% sequentially over Q3, driven by more leases in San Jose and the acquisition of the Camarillo campus.
Revenue Doubling Achievement: For the full year, consolidated revenues doubled compared to 2023, showcasing significant growth in overall business performance.
Cash Flow Breakeven Outlook: The company expects to reach cash flow breakeven on a consolidated basis in Q4 of this year, indicating a positive outlook for financial stability.
New Fuel Revenue Stream: Sky Harbour reported fuel revenues separately for the first time, highlighting a new revenue stream that is expected to grow in importance.
Positive Cash Flow Achievement: The company crossed into positive cash flow from operations at the project level, with expectations for continued acceleration in revenue as new campuses lease up.
Strong Liquidity Position: Sky Harbour has strong liquidity with approximately $127 million in cash and U.S. Treasury bills, supporting ongoing construction and operational needs.
Equity Placement Success: The company successfully raised approximately $75 million from a second equity placement, which will support future debt issuance and project development.
Brand Recognition Growth: Sky Harbour is experiencing a growing brand recognition in the business aviation community, leading to potential pre-leasing opportunities in Miami and Denver.
Quality and Speed in Construction: The company is focused on quality and speed in construction, aiming to deliver the best hangar facilities in business aviation while controlling costs.
Negative
Increased Operating Expenses: Operating expenses in Q4 increased significantly due to hiring general managers and staff for new campuses, which may indicate higher ongoing costs as the company expands.
Ground Lease Expense Impact: The noncash accrual of ground lease expense amounted to over $1.4 million in Q4, which could impact profitability and cash flow.
Flat Revenue Performance: Revenues were flat from Q3 to Q4 for the Sky Harbour Capital subsidiary, suggesting a lack of growth momentum in that segment.
Site Acquisition Delays: The company is facing a lengthy gestation period for site acquisitions, which may delay revenue generation from new projects.
Financial Transparency Concerns: The introduction of adjusted EBITDA may indicate that the company is struggling to present a clear picture of its financial health under GAAP standards, raising concerns about transparency.
Cash Flow Concerns: The company has not yet achieved cash flow breakeven on a consolidated basis, which could be a red flag for investors looking for immediate returns.
Ground Lease Financial Strain: The reliance on ground lease payments, particularly in San Jose, could lead to increased financial strain as these costs are significantly higher than typical projects.
SKYH FAQs
How does SKYH typically perform around its earnings report dates?
Is Sky Harbour Group Corp (SKYH) Q4 2024 Earnings Call Summary positive or negative?
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SKYH Earning Call Sentiment
Sky Harbour Group Corporation (SKYH) Q4 2024 Earnings Call Transcript
SKYH.A
-5.97%Positive
The earnings call highlights strong financial performance with doubled revenues, positive cash flow, and substantial cash reserves. The introduction of Adjusted EBITDA as a key metric and positive Q&A insights on campus expansion and capital raising plans further bolster confidence. Despite increased operating expenses, optimistic guidance on campus growth and strategic capital management suggest a positive outlook, likely leading to a stock price increase.
