AerSale Corporation (ASLE) Misses Q2 EPS by 15c

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Go back to AerSale Corporation (ASLE) Misses Q2 EPS by 15c

AerSale Reports Second Quarter 2023 Results

August 8, 2023 4:05 PM EDT

Second Quarter 2023 Highlights

Revenue of $69.3 million versus $139.6 million in the prior year period. GAAP net loss of $2.7 million versus GAAP net income of $26.5 million in the prior year period. Adjusted Net Loss of $0.6 million versus Adjusted Net Income of $31.7 million in the prior year period. Adjusted EBITDA1 of $(0.5) million versus $41.1 million in the prior year period. Revenue and earnings reflect the pacing of flight equipment sales. Flight equipment sales of $13.3 million comprising of four engines and no aircraft versus $92.5 million consisting of three engines and three aircraft... More