Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
flyExclusive (FLYX)
NYSE MKT:FLYX
Holding FLYX?
Track your performance easily
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.35Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 4.48%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a positive trajectory for flyExclusive, with significant revenue growth, improved margins, and strategic successes like the Volato agreement. However, ongoing EBITDA losses and the challenges associated with a transition year temper the outlook.Company Guidance
During the flyExclusive Third Quarter 2024 Earnings Call, key metrics and guidance were highlighted by the executives. The company reported a significant 24% year-over-year increase in revenue, totaling approximately $77 million, driven by a 20% expansion of its membership base and a 49% rise in non-GRP flight hours. flyExclusive's ongoing fleet refresh has led to a notable improvement in gross margins, climbing from 8% in the first two quarters of 2024 to over 12% in the third quarter. This positive trend is expected to continue into the fourth quarter and 2025 as the company plans to reach positive adjusted EBITDA early next year. The strategic agreement with Volato added approximately $600,000 to the bottom line within the first month, enhancing the company's operational capacity with fewer employees. SG&A expenses also saw improvement, dropping to 26% of revenue in the third quarter. Total debt was reduced by $29 million, and the company anticipates generating positive cash flow in Q4 2024.Revenue Growth
flyExclusive's revenue for Q3 2024 totaled approximately $77 million, a 24% increase compared to the same period last year, driven by a 20% expansion of the membership base.
Fleet Efficiency and Margin Improvement
Gross margins improved from approximately 8% in the first two quarters of 2024 to over 12% in the third quarter, driven by the removal of nonperforming aircraft.
Flight Hour Increase
Total flight hours and hours per aircraft increased by 49% and 35%, respectively, year-to-date, despite eliminating the guaranteed revenue program.
SG&A Efficiency
SG&A expenses decreased from 31% of revenue in Q1 to 26% in Q3, a reduction of over $5 million.
Debt Reduction and Fleet Refresh
Total debt was reduced by $29 million in Q3. 19 nonperforming aircraft have been sold, and a fleet refresh is expected to complete early in 2025.
Volato Agreement Success
The agreement with Volato added approximately $600,000 to the bottom line in the first month, with a significant reduction in staffing needed.
---
FLYX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
FLYX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $2.23 | $2.24 | +0.45% |
| Aug 14, 2024 | $3.97 | $3.97 | 0.00% |
| May 01, 2024 | $4.22 | $4.49 | +6.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does flyExclusive (FLYX) report earnings?
flyExclusive (FLYX) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is flyExclusive (FLYX) earnings time?
flyExclusive (FLYX) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLYX EPS forecast?
Currently, no data Available
---