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Premier Air Charter Holdings Inc. ("Premier Holdings" or together with its subsidiaries, the Company ), a Nevada corporation was incorporated in Nevada on December 12, 2012. The Company primarily operates through its wholly owned subsidiary, Premier Air Charter, Inc., a California corporation ( Premier ).
The business is unprofitable at the operating level (-8.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 53.6%, still solid. Margins contracted 2.9pp, which offsets some of the top-line progress.
Free cash flow declined 188% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$33M
▲ +53.6% YoY
Net Income (TTM)
-$4M
▼ -76.4% YoY
Op. Margin
-7.77%
▼ -2.9pp YoY
ROIC
-8.65%
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -187.7% YoY
Op. Cash Flow (TTM)
$1M
▼ -62.7% YoY
Net Debt
$25M
Cash & Equiv.
$288K
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