Quarterly ResultMay 15, 2026, 03:43 PM
Premier Air Charter Q1 Revenue $7.2M; Net Loss $(1.16)M
AI Summary
Premier Air Charter Holdings Inc. reported increased revenue and a significantly higher gross profit for the first quarter of 2026 compared to the prior year, though it continued to incur a net loss. The company's financial statements include a going concern warning due to ongoing net losses and reliance on related party support. Total assets and liabilities increased, while stockholders' equity decreased during the quarter.
Key Highlights
- Revenue increased 22.6% to $7.20 million in Q1 2026 from $5.88 million in Q1 2025.
- Gross profit surged 266% to $537,100 in Q1 2026 from $146,588 in Q1 2025.
- Net loss improved to $(1.16) million in Q1 2026 from $(1.22) million in Q1 2025.
- Operating expenses rose 27.5% to $1.28 million in Q1 2026 from $1.00 million in Q1 2025.
- Cash increased to $288,412 at March 31, 2026, from $213,175 at December 31, 2025.
- Company noted substantial doubt about its ability to continue as a going concern.
- Entered a new 60-month lease for a Cessna 750 on January 1, 2026, valued at $2.49 million.
- Long-term debt includes a $3.64 million balance with a $3.60 million balloon payment due September 2026.
Price Impact
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