Filing Flows › Premier Air Charter Holdings (PREM) › Q1 2024
Premier Air Charter Holdings (PREM) Q1 2024 earnings results (first quarter 2024)
10-K filed Jul 2, 2024
Premier Air Charter Holdings (PREM) reported revenue of $5.9M for the first quarter 2024 (Q1 2024). Operating margin was -0.9%, net loss $274K (4.7% of revenue).
Premier Air Charter Holdings, Q1 2024: revenue $5.9M, operating margin -0.9%, net loss $274K, operating cash flow $358K. The chart follows the revenue to costs, profit and cash.
| Q1 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9M | — | — |
| Operating profit | −$53K | — | — |
| Net earnings | −$274K | — | — |
| Operating cash flow | $358K | — | — |
What changed
Revenue was $5.9M in Q1 2024.
Gross margin was 14.8%. Operating costs exceeded revenue by $53K, an operating margin of -0.9%. The quarter ended with a net loss of $274K. Net interest and other expense of $221K was the main reason.
Operating cash flow was $358K. Non-cash charges added back $4K of depreciation. Working capital and other items added $629K.
Questions
What was Premier Air Charter Holdings' revenue in the first quarter 2024?
Premier Air Charter Holdings (PREM) reported revenue of $5.9M for the first quarter 2024 (Q1 2024).
Was Premier Air Charter Holdings profitable in the first quarter 2024?
Operating loss was $53K (-0.9% of revenue) and net loss $274K.