Filing Flows › Saker Aviation Services (SKAS) › Q1 2025
Saker Aviation Services (SKAS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Saker Aviation Services (SKAS) reported revenue of $1.3M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -53% from the quarter before. Operating margin was -39.3%, net loss $515K (40.8% of revenue).
Saker Aviation Services, Q1 2025: revenue $1.3M (-6% year over year), operating margin -39.3%, net loss $515K, operating cash flow $35K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3M | -53% | -6% |
| Operating profit | −$496K | -168% | — |
| Net earnings | −$515K | -199% | — |
| Operating cash flow | $35K | -89% | -82% |
| Free cash flow | $29K | -88% | -85% |
What changed
Revenue was $1.3M in Q1 2025, down 6% year over year and down 53% from the previous quarter.
Gross margin was 40.6%, down 6.7 points from a year earlier. Operating costs exceeded revenue by $496K, an operating margin of -39.3%. Operating expenses grew 134% against a revenue fall of 6%. The quarter ended with a net loss of $515K, after a profit of $518K the previous quarter.
Operating cash flow was $35K (down 82% year over year). Non-cash charges added back $4K of depreciation and amortization and $27K of share-based compensation. Working capital and other items added $519K. Capital expenditures of $6K left free cash flow of $29K.
Questions
What was Saker Aviation Services' revenue in the first quarter 2025?
Saker Aviation Services (SKAS) reported revenue of $1.3M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -53% from the quarter before.
Was Saker Aviation Services profitable in the first quarter 2025?
Operating loss was $496K (-39.3% of revenue) and net loss $515K.