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Saker Aviation Services Inc   (SKAS)
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Price: $8.5000 $-0.20 -2.299%
Day's High: $8.5 Week Perf: 1.43 %
Day's Low: $ 8.50 30 Day Perf: 4.81 %
Volume (M): 0 52 Wk High: $ 9.16
Volume (M$): $ 2 52 Wk Avg: $6.27
Open: $8.50 52 Wk Low: $4.30



 Market Capitalization (Millions $) 8
 Shares Outstanding (Millions) 1
 Employees 37
 Revenues (TTM) (Millions $) 8
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Saker Aviation Services Inc

Saker Aviation Services, Inc. is a Nevada corporation. Our common stock, $0.001 par value per share (the “common stock”), is publicly traded on the OTCQB Marketplace (“OTCQB”) under the symbol “SKAS”. Through our subsidiaries, we operate in the aviation services segment of the general aviation industry, in which we serve as the operator of a heliport, a fixed base operation (“FBO”), and as a consultant for a seaplane base that we do not own. FBOs provide ground-based services, such as fueling and aircraft storage for general aviation, commercial and military aircraft, and other miscellaneous services.

We were formed on January 17, 2003 as a proprietorship and were incorporated in Arizona on January 2, 2004. We became a public company as a result of a reverse merger transaction on August 20, 2004 with Shadows Bend Development, Inc., an inactive public Nevada corporation, and subsequently changed our name to FBO Air, Inc. On December 12, 2006, we changed our name to FirstFlight, Inc. On September 2, 2009, we changed our name to Saker Aviation Services, Inc.

Our business activities are carried out as the operator of the Downtown Manhattan (New York) Heliport, as an FBO at the Garden City (Kansas) Regional Airport, as a consultant to the operator of a seaplane base in New York City, and prior to our divestiture, as an MRO at the Bartlesville (Oklahoma) Municipal Airport.

The Garden City facility became part of our company as a result of our acquisition of the FBO assets of Central Plains Aviation, Inc. (“CPA”) in March 2005.

Our business activities at the Downtown Manhattan (New York) Heliport facility (the “Heliport”) commenced when we were awarded the Concession Agreement by the City of New York to operate the Heliport, which we assigned to our subsidiary, FirstFlight Heliports, LLC d/b/a Saker Aviation Services (“FFH”).

The Bartlesville facility became part of our company as a result of our acquisition of all of the outstanding stock of Phoenix Rising Aviation, Inc. (“PRA”) on August 15, 2013.

The FBO segment of the general aviation industry is highly fragmented. According to the National Air Transportation Association (“NATA”), there are over 3,000 FBOs that serve customers at one or more of over 3,000 airport facilities across the country that have at least one paved 3,000-foot runway. The vast majority of these companies are single location operators. NATA characterizes companies with operations at three or more airports as “chains.” An operation with FBOs in at least two distinctive regions of the country is considered a “national” chain while an operation with FBOs in multiple locations within a single region is considered a “regional” chain.



   Company Address: 20 South Street, Pier 6 East River New York 10004 NY
   Company Phone Number: 776-4046   Stock Exchange / Ticker: SKAS
   SKAS is expected to report next financial results on April 16, 2024.


   

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Saker Aviation Services Inc

Revitalized Growth: Saker Aviation Services Inc Flies High Despite Recent Hurdles



Special Transportation Services company has released its financial results for the July to September 30, 2023 fiscal interval. Despite witnessing a decrease in revenue, the company managed to achieve significant growth in earnings per share (EPS) and net income. Additionally, Saker Aviation Services Inc, the parent company, highlighted improvements in profit margins. Evaluating the implications of these results can provide insights into the future prospects of the company.
1. Strong Growth in Earnings per Share (EPS):
A notable aspect of the financial results is the impressive surge in EPS, which climbed by 436.36% to $1.18 per share compared to the previous year. This signifies the company's ability to generate higher earnings for each outstanding share. Such growth may attract investors and enhance shareholder confidence in the company's performance.

Saker Aviation Services Inc

Saker Aviation Services Inc. Reports Significant Downturn in Revenue for Recent Fiscal Period



As an investor with a keen interest in the aviation industry, I have been closely monitoring the financial performance of Saker Aviation Services Inc. The company recently released its April to June 30, 2023 financial results, which showed some significant changes in key metrics. Additionally, the stock price of Saker Aviation Services Inc has experienced fluctuations over the past year. In this article, I will delve into the financials and provide insights into the implications for investors.
Financial Results Overview:
Saker Aviation Services Inc faced some challenges in the second quarter of 2023. Its profits decreased by -4.11% to $0.70 per share compared to $0.73 a year ago. However, it was encouraging to see the company's earnings per share turning positive from the preceding reporting period, where it stood at $-0.10 per share. Nevertheless, the revenue decreased by -8.643% to $2.41 million from $2.64 million in the corresponding reporting period a year ago. Sequentially, the revenue surged by an impressive 82.418% from $1.32 million. It is worth noting that the rest of the Special Transportation Services industry witnessed a revenue improvement during the same period.

Saker Aviation Services Inc

Concerns Rise for Sustainable Profits

Investors in Saker Aviation Services Inc. (SKAS) should be very concerned about the significant decline in business that has led to a sharp increase in the company's deficit for the financial time-frame ending March 31, 2023. The decline in revenue, coupled with a substantial fall in income per share, raises serious doubts about the company's ability to generate sustainable profits going forward.
The most worrying aspect of the company's performance is the sharp drop in revenue, which fell by a staggering 31.943% to just $1.32 million, down from $1.94 million a year ago. This represents a significant decline in business, and suggests that Saker is struggling to maintain its market position in the face of rising competition.
Things appear to have gone from bad to worse in the third quarter of the financial year, where revenue tumbled by a further 49.187%, falling to just $2.60 million. The sharp fall in revenue has clearly hit the company's bottom line, with income per share falling from $0.22 per share. This decline in earnings indicates that Saker is struggling to maintain margins, and suggests that management is struggling to control costs effectively.






 

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