Filing Flows › Flyte Aviation (VTAK) › Q4 2024
Flyte Aviation (VTAK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Flyte Aviation (VTAK) reported revenue of $149K for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +55% from the quarter before.
Flyte Aviation, Q4 2024: revenue $149K (+16% year over year), net loss $27.7M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149K | +55% | +16% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$27.7M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $149K in Q4 2024, up 16% year over year and up 55% from the previous quarter.
Gross margin was 92.6%, down 1.9 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -2047.7%. Operating expenses grew 17% against revenue growth of 16%. The quarter ended with a net loss of $27.7M, wider than the previous quarter's $4.1M loss. Minority interests bore $22.0M of it: to shareholders the quarter was a loss of $5.6M. Net interest and other expense of $21.5M was the main reason.
Operating cash flow was −$2.9M. Non-cash charges added back $531K of depreciation and amortization and $18K of share-based compensation. Working capital and other items added $24.2M.
Questions
What was Flyte Aviation's revenue in the fourth quarter 2024?
Flyte Aviation (VTAK) reported revenue of $149K for the fourth quarter 2024 (Q4 2024), +16% from a year earlier and +55% from the quarter before.
Source: Flyte Aviation 10-K on SEC EDGAR.