Volato Group Withdraws S-1 Registration Statement, Reinforcing Positive Momentum With Anticipation of Positive Q4 Net Income
Volato Group (NYSE American: SOAR) has announced the withdrawal of its S-1 registration statement, citing strengthened financial position and positive business momentum. The company expects to achieve positive net income in Q4 2024. In Q3, Volato reported significant financial improvements with revenue of $40.3 million, representing a $36.6 million increase year-over-year, and achieved a positive Adjusted EBITDA of $3.2 million. The company's turnaround strategy, including its partnership with flyExclusive and cost management initiatives, continues to drive operational efficiency and financial health improvements.
Volato Group (NYSE American: SOAR) ha annunciato il ritiro del suo statement di registrazione S-1, citando una posizione finanziaria rafforzata e un positivo slancio aziendale. L'azienda prevede di raggiungere un reddito netto positivo nel quarto trimestre del 2024. Nel terzo trimestre, Volato ha riportato significativi miglioramenti finanziari con entrate di $40,3 milioni, che rappresentano un incremento di $36,6 milioni rispetto all'anno precedente, e ha raggiunto un EBITDA rettificato positivo di $3,2 milioni. La strategia di rilancio dell'azienda, che include la partnership con flyExclusive e iniziative di gestione dei costi, continua a promuovere l'efficienza operativa e i miglioramenti della salute finanziaria.
Volato Group (NYSE American: SOAR) ha anunciado el retiro de su declaración de registro S-1, citando una posición financiera fortalecida y un impulso empresarial positivo. La compañía espera alcanzar un ingreso neto positivo en el cuarto trimestre de 2024. En el tercer trimestre, Volato reportó mejoras financieras significativas con ingresos de $40.3 millones, lo que representa un aumento de $36.6 millones en comparación con el año anterior, y logró un EBITDA ajustado positivo de $3.2 millones. La estrategia de reestructuración de la compañía, que incluye su asociación con flyExclusive y las iniciativas de gestión de costos, continúa impulsando la eficiencia operativa y la mejora de la salud financiera.
볼라토 그룹 (NYSE American: SOAR)는 재무 상태 강화와 긍정적인 사업 성장세를 언급하며 S-1 등록서 철회를 발표했습니다. 회사는 2024년 4분기 긍정적인 순이익을 달성할 것으로 예상하고 있습니다. 3분기에 볼라토는 수익이 4030만 달러로, 지난해보다 3660만 달러 증가한 상당한 재무 개선을 보고했으며, 조정된 EBITDA가 320만 달러로 긍정적인 수치를 기록했습니다. flyExclusive와의 파트너십 및 비용 관리 이니셔티브를 포함한 회사의 전환 전략은 운영 효율성과 재무 건강 개선을 이어가고 있습니다.
Volato Group (NYSE American: SOAR) a annoncé le retrait de sa déclaration d'enregistrement S-1, citant une position financière renforcée et un élan commercial positif. La société s'attend à atteindre un bénéfice net positif au quatrième trimestre 2024. Au troisième trimestre, Volato a fait état d'améliorations financières significatives avec des revenus de 40,3 millions de dollars, représentant une augmentation de 36,6 millions de dollars par rapport à l'année précédente, et a enregistré un EBITDA ajusté positif de 3,2 millions de dollars. La stratégie de redressement de la société, y compris son partenariat avec flyExclusive et ses initiatives de gestion des coûts, continue d'améliorer l'efficacité opérationnelle et la santé financière.
Volato Group (NYSE American: SOAR) hat die Rücknahme seines S-1 Registrierungsantrags bekannt gegeben, unter Berufung auf eine verstärkte Finanzlage und positiven Geschäftsmomentum. Das Unternehmen erwartet, im vierten Quartal 2024 einen positiven Nettogewinn zu erzielen. Im dritten Quartal berichtete Volato von signifikanten finanziellen Verbesserungen mit Umsätzen von 40,3 Millionen US-Dollar, was einen Anstieg um 36,6 Millionen US-Dollar im Vergleich zum Vorjahr darstellt, und erzielte ein positives bereinigtes EBITDA von 3,2 Millionen US-Dollar. Die Umwandlungsstrategie des Unternehmens, einschließlich der Partnerschaft mit flyExclusive und Initiativen zur Kostenkontrolle, trägt weiterhin zur operativen Effizienz und zur Verbesserung der finanziellen Gesundheit bei.
- Revenue increased by $36.6 million year-over-year to $40.3 million in Q3
- Achieved positive Adjusted EBITDA of $3.2 million in Q3
- Projecting positive net income for Q4 2024
- None.
Insights
The company remains on track to deliver positive net income in Q4 2024, driven by strategic initiatives that have already resulted in improved financial performance. In the third quarter, Volato reported
"Withdrawing the S-1 validates the strength of our turnaround, reinforcing that our approach is working and delivering meaningful results for investors," said Matt Liotta, CEO of Volato Group. "This action underscores our belief in the company’s ability to meet its financial goals, ensuring long-term value creation for our shareholders."
Volato’s ongoing improvements, including its continuing partnership with flyExclusive and targeted cost management, reflect the company’s commitment to enhancing shareholder value while continuing to meet customer needs with excellence and reliability.
About Volato
Volato (NYSE American: SOAR) is an aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato’s proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato’s Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation.
For more information about Volato, please visit www.flyvolato.com.
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Source: Volato Group, Inc.
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