Filing Flows › Saker Aviation Services (SKAS) › Q4 2024
Saker Aviation Services (SKAS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Saker Aviation Services (SKAS) reported revenue of $2.7M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +8% from the quarter before. Operating margin was 27.1%, net earnings $518K (19.2% of revenue).
Saker Aviation Services, Q4 2024: revenue $2.7M (+7% year over year), operating margin 27.1%, net earnings $518K, operating cash flow $313K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +8% | +7% |
| Gross profit | $1.4M | +11% | -24% |
| Operating profit | $733K | -9% | -33% |
| Net earnings | $518K | -11% | -24% |
| Operating cash flow | $313K | — | -56% |
| Free cash flow | $247K | — | -65% |
What changed
Revenue was $2.7M in Q4 2024, up 7% year over year and up 8% from the previous quarter.
Gross margin was 51.7%, down 21.4 points from a year earlier. Operating profit was $733K, a 27.1% margin (down 16.6 points year over year). Operating profit fell $368K even though revenue rose $184K versus a year earlier, so costs grew faster than sales. Operating expenses fell 10% while revenue rose 7%. Net earnings were $518K, down 24% year over year. The effective tax rate was 36.9%.
Operating cash flow was $313K (down 56% year over year), 60% of net earnings. Non-cash charges added back $4K of depreciation and amortization and $26K of share-based compensation. Working capital and other items used $235K. Capital expenditures of $66K left free cash flow of $247K.
Questions
What was Saker Aviation Services' revenue in the fourth quarter 2024?
Saker Aviation Services (SKAS) reported revenue of $2.7M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +8% from the quarter before.
Was Saker Aviation Services profitable in the fourth quarter 2024?
Operating profit was $733K (27.1% of revenue) and net earnings $518K.