AerSale Corporation (ASLE) Tops Q3 EPS by 2c
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AerSale Reports Third Quarter 2021 Results
November 9, 2021 4:08 PM ESTThird Quarter 2021 Highlights
Revenue of $73.3 million. GAAP net loss of $1.6 million. Adjusted for non-cash equity compensation and mark-to-market costs on the warrant liability, Adjusted Net Income was $9.2 million Adjusted EBITDA of $13.9 million, or 18.9% of revenues. Flight equipment sales included 3 aircraft and 1 engine in the quarter. Continued opportunities in the freighter markets and seeing an increase in aircraft reactivations or made available for sale. 2021 guidance updated; revenue of $320- $340 million and adjusted EBITDA of $80 - $90 million1, which exceeds prior guidance for adjusted EBITDA of $60 - $70 million. Debt free balance sheet... More