Volatus Aerospace Corp (TSE:VOL) has released an update.
Volatus Aerospace Corp. reported a substantial year-over-year revenue increase to $34.87 million in 2023, with gross profit rising to $11.14 million and a 32% gross margin. Despite a comprehensive loss, adjusted EBITDA showed significant improvement, reflecting the company’s ongoing efficiency measures and expansion in the US with key acquisitions. Restatements of previous financials were made, but they reportedly did not materially impact key financial metrics.
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