Mesa Air Group Key Executives
This section highlights Mesa Air Group's key executives, including their titles and compensation details.
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Mesa Air Group Earnings
This section highlights Mesa Air Group's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2023 | 2023-08-12 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-05-09 | $-0.33 | $-0.53 |
| Read Transcript | Q1 | 2023 | 2023-02-09 | $-0.52 | $-0.12 |
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned aircrafts and 14 leased aircrafts with approximately 507 daily departures to 129 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona.
$0.90
Stock Price
$37.22M
Market Cap
2.30K
Employees
Phoenix, AZ
Location
Financial Statements
Access annual & quarterly financial statements for Mesa Air Group, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 |
|---|---|---|---|---|---|
| Revenue | $498.06M | $531.00M | $503.59M | $545.07M | $723.36M |
| Cost of Revenue | $482.95M | $497.46M | $505.51M | $496.49M | $542.15M |
| Gross Profit | $15.11M | $33.54M | $-1.92M | $48.58M | $181.20M |
| Gross Profit Ratio | 3.03% | 6.32% | -0.40% | 8.91% | 25.05% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $48.77M | $43.97M | $49.85M | $52.25M | $50.53M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $48.77M | $43.97M | $49.85M | $52.25M | $50.53M |
| Other Expenses | $50.69M | $7.24M | $-119.48M | $-83.83M | $-19.00K |
| Operating Expenses | $99.46M | $51.20M | $-69.62M | $-31.59M | $50.53M |
| Cost and Expenses | $577.15M | $548.67M | $435.89M | $464.90M | $592.68M |
| Interest Income | $146.00K | $139.00K | $365.00K | $105.00K | $1.50M |
| Interest Expense | $49.92M | $35.29M | $34.73M | $44.12M | $55.72M |
| Depreciation and Amortization | $60.36M | $81.51M | $82.85M | $82.30M | $77.99M |
| EBITDA | $-18.58M | $-117.87M | $139.99M | $163.41M | $197.00M |
| EBITDA Ratio | -3.73% | -3.45% | 13.60% | 14.88% | 18.27% |
| Operating Income | $-84.35M | $-17.67M | $-14.38M | $-1.18M | $54.16M |
| Operating Income Ratio | -16.93% | -3.33% | -2.85% | -0.22% | 7.49% |
| Total Other Income Expenses Net | $-44.52M | $-217.00M | $-40.78M | $-43.17M | $-57.85M |
| Income Before Tax | $-128.86M | $-234.67M | $22.42M | $36.99M | $63.29M |
| Income Before Tax Ratio | -25.87% | -44.19% | 4.45% | 6.79% | 8.75% |
| Income Tax Expense | $-8.74M | $-51.99M | $5.83M | $9.53M | $15.71M |
| Net Income | $-120.12M | $-182.68M | $16.59M | $27.46M | $47.58M |
| Net Income Ratio | -24.12% | -34.40% | 3.29% | 5.04% | 6.58% |
| EPS | $-3.04 | $-5.06 | $0.46 | $0.78 | $1.37 |
| EPS Diluted | $-3.04 | $-5.06 | $0.43 | $0.78 | $1.36 |
| Weighted Average Shares Outstanding | 39.47M | 36.13M | 35.71M | 35.24M | 34.76M |
| Weighted Average Shares Outstanding Diluted | 39.47M | 36.13M | 38.84M | 35.31M | 35.06M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $110.79M | $131.58M | $118.78M | $114.37M | $114.69M | $121.83M | $147.17M | $125.63M | $134.40M | $123.21M | $147.76M | $130.78M | $125.16M | $97.28M | $150.37M | $108.04M | $73.10M | $179.90M | $184.04M | $187.83M |
| Cost of Revenue | $101.14M | $104.83M | $114.94M | $120.06M | $118.81M | $118.19M | $125.89M | $117.97M | $122.35M | $119.95M | $139.16M | $138.26M | $124.80M | $120.81M | $121.64M | $111.98M | $89.16M | $151.50M | $143.85M | $144.97M |
| Gross Profit | $9.66M | $26.75M | $3.83M | $-5.70M | $-4.12M | $3.64M | $21.28M | $7.66M | $12.05M | $3.27M | $8.59M | $-7.48M | $360.00K | $-23.53M | $28.73M | $-3.94M | $-16.06M | $28.39M | $40.18M | $42.86M |
| Gross Profit Ratio | 8.72% | 20.30% | 3.20% | -5.00% | -3.60% | 3.00% | 14.50% | 6.10% | 9.00% | 2.60% | 5.80% | -5.70% | 0.30% | -24.20% | 19.10% | -3.64% | -21.97% | 15.78% | 21.83% | 22.82% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $9.71M | $11.13M | $12.01M | $9.89M | $11.35M | $13.54M | $13.99M | $12.42M | $11.11M | $7.86M | $12.58M | $13.53M | $12.09M | $11.16M | $13.07M | $13.01M | $11.74M | $14.50M | $13.00M | $12.41M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $9.71M | $11.13M | $12.01M | $9.89M | $11.35M | $13.54M | $13.99M | $12.42M | $11.11M | $7.86M | $12.58M | $13.53M | $12.09M | $11.16M | $13.07M | $13.01M | $11.74M | $14.50M | $13.00M | $12.41M |
| Other Expenses | $8.97M | $-1.31M | $-2.46M | $392.00K | $-946.00K | $233.00K | $4.84M | $-598.00K | $722.00K | $685.00K | $-59.00K | $12.00K | $-28.00K | $-506.00K | $923.00K | $123.00K | $79.00K | $937.00K | $-297.00K | $-101.00K |
| Operating Expenses | $10.80M | $12.45M | $14.47M | $11.04M | $12.35M | $13.77M | $18.83M | $16.27M | $11.83M | $8.54M | $12.58M | $-12.57M | $-14.01M | $-44.80M | $1.76M | $-27.80M | $-31.28M | $14.50M | $13.00M | $12.41M |
| Cost and Expenses | $119.82M | $117.28M | $129.41M | $131.11M | $131.15M | $131.96M | $144.73M | $134.25M | $134.18M | $128.49M | $151.74M | $125.69M | $110.78M | $76.01M | $123.40M | $84.17M | $57.88M | $166.00M | $156.85M | $157.38M |
| Interest Income | $17.00K | $14.00K | $14.00K | $18.00K | $8.00K | $49.00K | $71.00K | $22.00K | $24.00K | $42.00K | $51.00K | $78.00K | $82.00K | $79.00K | $126.00K | $10.00K | $1.00K | $36.00K | $58.00K | $313.00K |
| Interest Expense | $9.03M | $10.64M | $11.16M | $13.60M | $12.02M | $13.03M | $11.28M | $10.52M | $8.72M | $8.12M | $7.93M | $8.27M | $8.63M | $8.76M | $9.08M | $9.45M | $10.37M | $11.67M | $12.63M | $13.61M |
| Depreciation and Amortization | $9.73M | $9.82M | $13.29M | $13.30M | $15.32M | $16.54M | $15.20M | $19.63M | $20.10M | $20.75M | $21.03M | $20.74M | $20.93M | $20.70M | $20.47M | $20.64M | $20.64M | $20.47M | $20.55M | $20.47M |
| EBITDA | $-1.96M | $32.20M | $-32.53M | $-4.40M | $-22.99M | $-7.65M | $16.46M | $-118.49M | $16.34M | $-26.30M | $10.57M | $19.10M | $35.36M | $37.04M | $48.49M | $44.64M | $35.94M | $35.33M | $47.50M | $51.13M |
| EBITDA Ratio | -1.77% | 18.33% | 2.24% | -2.65% | -1.82% | -7.83% | 11.18% | 8.31% | 15.08% | 12.53% | 11.53% | 3.96% | 28.25% | 42.71% | 18.63% | 22.21% | 49.16% | 19.64% | 25.81% | 16.33% |
| Operating Income | $-9.03M | $14.30M | $-10.63M | $-20.24M | $-40.23M | $-10.13M | $2.45M | $-141.20M | $164.00K | $-5.31M | $-3.99M | $5.09M | $14.37M | $16.76M | $26.97M | $23.86M | $15.22M | $13.89M | $27.19M | $30.45M |
| Operating Income Ratio | -8.15% | 10.87% | -8.95% | -17.70% | -35.08% | -8.31% | 1.66% | -112.39% | 0.12% | -4.31% | -2.70% | 3.89% | 11.48% | 17.23% | 17.94% | 22.09% | 20.83% | 7.72% | 14.77% | 16.21% |
| Total Other Income Expenses Net | $-11.69M | $89.00K | $-8.54M | $-11.06M | $-10.09M | $-27.09M | $-12.47M | $-7.44M | $-12.69M | $-10.41M | $-14.40M | $-14.99M | $-8.57M | $-9.18M | $-8.03M | $-9.32M | $-10.29M | $-10.70M | $-12.87M | $-13.39M |
| Income Before Tax | $-20.72M | $11.73M | $-56.99M | $-31.30M | $-50.32M | $-37.22M | $-10.02M | $-148.64M | $-12.48M | $-55.16M | $-18.39M | $-9.90M | $5.80M | $7.58M | $18.94M | $14.54M | $4.94M | $3.19M | $14.32M | $17.06M |
| Income Before Tax Ratio | -18.70% | 8.92% | -47.98% | -27.37% | -43.88% | -30.55% | -6.81% | -118.31% | -9.28% | -44.77% | -12.44% | -7.57% | 4.63% | 7.79% | 12.59% | 13.46% | 6.75% | 1.77% | 7.78% | 9.08% |
| Income Tax Expense | $-810.00K | $72.00K | $864.00K | $-2.95M | $-2.76M | $-2.10M | $-930.00K | $-33.00M | $-2.49M | $-12.38M | $-4.11M | $-2.41M | $1.52M | $1.89M | $4.82M | $3.17M | $1.52M | $1.31M | $3.54M | $4.82M |
| Net Income | $-19.91M | $11.66M | $-57.85M | $-28.34M | $-47.56M | $-35.12M | $-9.09M | $-115.64M | $-9.98M | $-42.78M | $-14.27M | $-7.50M | $4.28M | $5.69M | $14.12M | $11.38M | $3.42M | $1.89M | $10.79M | $12.24M |
| Net Income Ratio | -17.97% | 8.86% | -48.70% | -24.78% | -41.47% | -28.83% | -6.18% | -92.04% | -7.43% | -34.72% | -9.66% | -5.73% | 3.42% | 5.85% | 9.39% | 10.53% | 4.68% | 1.05% | 5.86% | 6.52% |
| EPS | $-0.48 | $0.28 | $-1.41 | $-0.69 | $-1.17 | $-0.88 | $-0.25 | $-3.18 | $-0.28 | $-1.19 | $-0.40 | $-0.21 | $0.12 | $0.16 | $0.40 | $0.32 | $0.10 | $0.05 | $0.31 | $0.35 |
| EPS Diluted | $-0.48 | $0.28 | $-1.41 | $-0.69 | $-1.17 | $-0.88 | $-0.25 | $-3.18 | $-0.28 | $-1.19 | $-0.40 | $-0.21 | $0.11 | $0.14 | $0.39 | $0.32 | $0.10 | $0.05 | $0.31 | $0.35 |
| Weighted Average Shares Outstanding | 41.22M | 41.07M | 40.94M | 40.88M | 40.69M | 39.93M | 36.36M | 36.34M | 35.66M | 35.95M | 35.69M | 35.92M | 35.77M | 35.63M | 35.53M | 35.49M | 35.30M | 35.14M | 35.02M | 35.00M |
| Weighted Average Shares Outstanding Diluted | 41.22M | 41.07M | 40.94M | 40.88M | 40.69M | 39.93M | 36.38M | 36.34M | 36.18M | 36.05M | 35.96M | 35.92M | 39.51M | 39.43M | 36.65M | 35.49M | 35.30M | 35.27M | 35.18M | 35.07M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $32.94M | $57.68M | $120.52M | $99.39M | $68.86M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $32.94M | $57.68M | $120.52M | $99.39M | $68.86M |
| Net Receivables | $8.25M | $3.98M | $3.17M | $13.71M | $23.08M |
| Inventory | $29.25M | $26.71M | $24.47M | $22.97M | $21.34M |
| Other Current Assets | $68.15M | $9.96M | $10.23M | $19.51M | $44.57M |
| Total Current Assets | $138.59M | $98.33M | $158.39M | $155.59M | $157.84M |
| Property Plant Equipment Net | $707.73M | $914.43M | $1.25B | $1.34B | $1.28B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $3.84M | $6.79M | $8.03M | $9.53M |
| Goodwill and Intangible Assets | $- | $3.84M | $6.79M | $8.03M | $9.53M |
| Long Term Investments | $20.32M | $15.18M | $25.15M | $-64.28M | $-55.30M |
| Tax Assets | $- | $17.72M | $-21.65M | $64.28M | $55.30M |
| Other Non-Current Assets | $31.83M | $66.10M | $36.12M | $742.00K | $8.79M |
| Total Non-Current Assets | $759.88M | $1.02B | $1.30B | $1.35B | $1.29B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $898.47M | $1.12B | $1.46B | $1.50B | $1.45B |
| Account Payables | $58.96M | $59.39M | $61.48M | $53.23M | $49.93M |
| Short Term Debt | $167.16M | $131.78M | $180.33M | $277.13M | $165.90M |
| Tax Payables | $5.28M | $5.87M | $8.78M | $11.35M | $9.19M |
| Deferred Revenue | $4.88M | $385.00K | $6.30M | $9.39M | $- |
| Other Current Liabilities | $31.63M | $17.06M | $1.30M | $2.22M | $31.69M |
| Total Current Liabilities | $267.91M | $214.48M | $258.19M | $353.33M | $256.71M |
| Long Term Debt | $373.86M | $537.03M | $607.68M | $667.52M | $677.42M |
| Deferred Revenue Non-Current | $16.17M | $23.68M | $28.20M | $14.37M | $12.13M |
| Deferred Tax Liabilities Non-Current | $3.80M | $17.72M | $69.94M | $64.28M | $55.30M |
| Other Non-Current Liabilities | $36.71M | $55.92M | $102.68M | $23.23M | $79.79M |
| Total Non-Current Liabilities | $430.52M | $592.95M | $710.36M | $690.75M | $769.34M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $698.43M | $807.43M | $968.55M | $1.04B | $1.03B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $271.15M | $259.18M | $256.37M | $242.77M | $238.50M |
| Retained Earnings | $-71.12M | $49.00M | $231.68M | $215.09M | $187.36M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $- | $- | $- |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $200.04M | $308.17M | $488.05M | $457.86M | $425.87M |
| Total Equity | $200.04M | $308.17M | $488.05M | $457.86M | $425.87M |
| Total Liabilities and Stockholders Equity | $898.47M | $1.12B | $1.46B | $1.50B | $1.45B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $898.47M | $1.12B | $1.46B | $1.50B | $1.45B |
| Total Investments | $20.32M | $15.18M | $25.15M | $-64.28M | $-55.30M |
| Total Debt | $541.01M | $633.70M | $718.05M | $838.19M | $843.32M |
| Net Debt | $508.07M | $576.02M | $597.54M | $738.79M | $774.47M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.30M | $21.51M | $19.20M | $32.94M | $48.35M | $51.43M | $56.08M | $57.68M | $54.45M | $75.90M | $102.33M | $120.52M | $180.40M | $147.87M | $181.30M | $99.39M | $64.93M | $52.40M | $57.76M | $68.86M |
| Short Term Investments | $5.44M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $21.74M | $21.51M | $19.20M | $32.94M | $48.35M | $51.43M | $56.08M | $57.68M | $54.45M | $75.90M | $102.33M | $120.52M | $180.40M | $147.87M | $181.30M | $99.39M | $64.93M | $52.40M | $57.76M | $68.86M |
| Net Receivables | $5.95M | $4.65M | $5.52M | $8.25M | $3.58M | $9.92M | $13.12M | $3.98M | $4.05M | $6.85M | $2.92M | $3.17M | $4.95M | $13.87M | $15.41M | $13.71M | $14.62M | $14.18M | $24.12M | $23.08M |
| Inventory | $30.65M | $29.47M | $28.83M | $29.25M | $28.73M | $26.75M | $25.51M | $26.71M | $26.34M | $26.25M | $25.21M | $24.47M | $24.71M | $23.04M | $22.76M | $22.97M | $22.42M | $22.38M | $22.40M | $21.34M |
| Other Current Assets | $26.56M | $42.80M | $96.74M | $68.15M | $100.46M | $29.02M | $7.30M | $9.96M | $10.58M | $10.96M | $7.84M | $10.23M | $12.31M | $12.31M | $16.53M | $19.51M | $10.59M | $9.35M | $7.95M | $44.57M |
| Total Current Assets | $84.91M | $98.44M | $150.28M | $138.59M | $181.13M | $97.59M | $102.00M | $98.33M | $95.42M | $119.96M | $138.29M | $158.39M | $222.36M | $197.09M | $236.00M | $155.59M | $112.56M | $98.31M | $112.23M | $157.84M |
| Property Plant Equipment Net | $505.16M | $537.55M | $543.42M | $709.36M | $722.28M | $881.31M | $959.22M | $908.34M | $1.15B | $1.15B | $1.25B | $1.25B | $1.27B | $1.29B | $1.31B | $1.34B | $1.37B | $1.40B | $1.41B | $1.28B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $3.84M | $6.03M | $6.28M | $6.54M | $6.79M | $7.10M | $7.41M | $7.72M | $8.03M | $8.41M | $8.78M | $9.16M | $9.53M |
| Goodwill and Intangible Assets | $- | $-8.91M | $-8.84M | $8.32M | $6.34M | $- | $- | $3.84M | $6.03M | $6.28M | $6.54M | $6.79M | $7.10M | $7.41M | $7.72M | $8.03M | $8.41M | $8.78M | $9.16M | $9.53M |
| Long Term Investments | $300.00K | $19.16M | $31.33M | $20.32M | $18.19M | $15.33M | $13.41M | $15.18M | $16.59M | $19.90M | $19.00M | $25.15M | $-55.93M | $16.37M | $-69.11M | $- | $-61.20M | $- | $-58.51M | $- |
| Tax Assets | $- | $8.91M | $8.84M | $8.41M | $11.56M | $14.51M | $- | $15.79M | $50.80M | $- | $65.72M | $-21.65M | $72.31M | $-16.37M | $69.11M | $- | $61.20M | $- | $58.51M | $- |
| Other Non-Current Assets | $74.00M | $51.12M | $50.60M | $13.47M | $22.50M | $46.62M | $84.89M | $89.90M | $5.67M | $54.79M | $-49.70M | $36.12M | $8.94M | $20.65M | $514.00K | $742.00K | $7.02M | $7.12M | $8.40M | $8.79M |
| Total Non-Current Assets | $579.46M | $607.84M | $625.35M | $759.88M | $780.88M | $957.77M | $1.06B | $1.02B | $1.22B | $1.23B | $1.30B | $1.30B | $1.30B | $1.32B | $1.32B | $1.35B | $1.38B | $1.41B | $1.43B | $1.29B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $664.37M | $706.27M | $775.63M | $898.47M | $962.00M | $1.06B | $1.16B | $1.12B | $1.32B | $1.35B | $1.43B | $1.46B | $1.53B | $1.52B | $1.55B | $1.50B | $1.50B | $1.51B | $1.54B | $1.45B |
| Account Payables | $64.41M | $57.35M | $54.45M | $58.96M | $51.92M | $48.48M | $51.26M | $59.39M | $66.81M | $76.73M | $62.93M | $61.48M | $52.84M | $70.01M | $47.58M | $53.23M | $39.92M | $49.25M | $47.75M | $49.93M |
| Short Term Debt | $74.98M | $99.04M | $163.27M | $167.16M | $128.82M | $156.27M | $94.16M | $114.55M | $146.48M | $128.27M | $164.93M | $180.33M | $181.84M | $192.01M | $189.17M | $277.13M | $263.33M | $255.47M | $241.44M | $165.90M |
| Tax Payables | $3.90M | $3.41M | $3.05M | $5.28M | $4.68M | $3.85M | $6.07M | $5.87M | $4.75M | $3.94M | $8.60M | $8.78M | $7.48M | $6.00M | $12.69M | $11.35M | $9.04M | $5.71M | $11.02M | $9.19M |
| Deferred Revenue | $4.44M | $2.81M | $3.98M | $4.88M | $6.40M | $5.17M | $1.20M | $385.00K | $726.00K | $2.67M | $5.53M | $6.30M | $6.49M | $4.36M | $51.25M | $9.39M | $3.76M | $5.71M | $11.02M | $55.30M |
| Other Current Liabilities | $39.77M | $34.20M | $29.14M | $31.63M | $30.30M | $28.32M | $33.59M | $34.29M | $21.50M | $37.75M | $8.39M | $1.30M | $27.35M | $-10.95M | $-12.79M | $2.22M | $-8.00M | $-9.81M | $-4.29M | $31.69M |
| Total Current Liabilities | $187.49M | $196.80M | $253.89M | $267.91M | $222.11M | $242.09M | $186.28M | $214.48M | $240.27M | $249.37M | $250.38M | $258.19M | $275.99M | $261.42M | $287.90M | $353.33M | $308.05M | $300.61M | $295.91M | $256.71M |
| Long Term Debt | $295.21M | $306.35M | $323.17M | $372.81M | $450.91M | $480.56M | $608.40M | $519.25M | $550.31M | $551.39M | $589.10M | $607.68M | $655.77M | $676.87M | $731.26M | $667.52M | $729.01M | $777.19M | $833.00M | $677.42M |
| Deferred Revenue Non-Current | $7.96M | $11.07M | $18.53M | $16.17M | $16.33M | $19.31M | $17.61M | $23.68M | $21.99M | $26.87M | $24.79M | $28.20M | $29.27M | $29.50M | $26.50M | $14.37M | $12.24M | $10.24M | $11.03M | $12.13M |
| Deferred Tax Liabilities Non-Current | $8.06M | $8.91M | $8.84M | $8.41M | $11.56M | $14.51M | $16.70M | $17.72M | $50.80M | $53.28M | $65.72M | $69.94M | $72.31M | $70.93M | $69.11M | $64.28M | $61.20M | $59.79M | $58.51M | $55.30M |
| Other Non-Current Liabilities | $30.75M | $28.48M | $28.59M | $53.10M | $28.71M | $39.68M | $30.76M | $52.90M | $30.48M | $36.39M | $116.82M | $32.74M | $26.27M | $19.53M | $-17.74M | $23.23M | $-48.44M | $-77.44M | $-94.64M | $79.79M |
| Total Non-Current Liabilities | $341.98M | $354.80M | $379.13M | $430.52M | $511.99M | $538.05M | $673.47M | $592.95M | $656.88M | $671.44M | $709.64M | $710.36M | $754.36M | $767.32M | $782.62M | $690.75M | $741.77M | $769.78M | $807.90M | $769.34M |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $529.48M | $551.60M | $633.02M | $698.43M | $734.10M | $780.14M | $859.74M | $807.43M | $897.15M | $920.82M | $960.02M | $968.55M | $1.03B | $1.03B | $1.07B | $1.04B | $1.05B | $1.07B | $1.10B | $1.03B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $272.10M | $271.98M | $271.58M | $271.15M | $270.67M | $270.43M | $259.86M | $259.18M | $258.40M | $257.92M | $257.07M | $256.37M | $255.50M | $255.95M | $255.09M | $242.77M | $241.78M | $241.06M | $239.78M | $238.50M |
| Retained Earnings | $-137.22M | $-117.31M | $-128.97M | $-71.12M | $-42.77M | $4.79M | $39.91M | $49.00M | $164.63M | $174.62M | $217.40M | $231.68M | $239.17M | $234.89M | $229.21M | $215.09M | $203.71M | $200.29M | $198.41M | $187.36M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $0 | $-0 | $-0 | $- | $-0 | $-0 | $- | $- | $- | $-0 | $- | $- | $-393.70M | $-374.24M | $-355.55M | $-336.97M | $-318.46M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $134.89M | $154.67M | $142.61M | $200.04M | $227.90M | $275.22M | $299.77M | $308.17M | $423.04M | $432.54M | $474.47M | $488.05M | $494.67M | $490.84M | $484.30M | $457.86M | $445.49M | $441.35M | $438.19M | $425.87M |
| Total Equity | $134.89M | $154.67M | $142.61M | $200.04M | $227.90M | $275.22M | $299.77M | $308.17M | $423.04M | $432.54M | $474.47M | $488.05M | $494.67M | $490.84M | $484.30M | $457.86M | $445.49M | $441.35M | $438.19M | $425.87M |
| Total Liabilities and Stockholders Equity | $664.37M | $706.27M | $775.63M | $898.47M | $962.00M | $1.06B | $1.16B | $1.12B | $1.32B | $1.35B | $1.43B | $1.46B | $1.53B | $1.52B | $1.55B | $1.50B | $1.50B | $1.51B | $1.54B | $1.45B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $664.37M | $706.27M | $775.63M | $898.47M | $962.00M | $1.06B | $1.16B | $1.12B | $1.32B | $1.35B | $1.43B | $1.46B | $1.53B | $1.52B | $1.55B | $1.50B | $1.50B | $1.51B | $1.54B | $1.45B |
| Total Investments | $5.74M | $19.16M | $31.33M | $20.32M | $18.19M | $15.33M | $13.41M | $15.18M | $16.59M | $19.90M | $19.00M | $25.15M | $-55.93M | $16.37M | $-69.11M | $- | $-61.20M | $- | $-58.51M | $- |
| Total Debt | $370.19M | $403.06M | $483.20M | $541.01M | $580.77M | $622.71M | $702.55M | $634.85M | $679.94M | $686.17M | $727.10M | $718.05M | $765.55M | $786.46M | $822.14M | $838.19M | $878.06M | $910.31M | $940.77M | $843.32M |
| Net Debt | $353.89M | $381.54M | $464.00M | $508.07M | $532.43M | $571.28M | $646.48M | $577.16M | $625.49M | $610.27M | $624.76M | $597.54M | $585.16M | $638.59M | $640.84M | $738.79M | $813.13M | $857.91M | $883.01M | $774.47M |
Annual Cash Flow
| Breakdown | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 |
|---|---|---|---|---|---|
| Net Income | $-120.12M | $-182.68M | $16.59M | $27.46M | $47.58M |
| Depreciation and Amortization | $60.36M | $81.51M | $82.85M | $82.30M | $77.99M |
| Deferred Income Tax | $-9.30M | $-52.22M | $5.67M | $9.23M | $15.50M |
| Stock Based Compensation | $2.27M | $2.76M | $3.13M | $4.41M | $5.51M |
| Change in Working Capital | $-10.68M | $-26.92M | $4.79M | $36.02M | $-2.07M |
| Accounts Receivables | $-4.28M | $-811.00K | $-8.09M | $38.19M | $-9.28M |
| Inventory | $-2.53M | $-2.88M | $-1.86M | $-1.53M | $-6.31M |
| Accounts Payables | $496.00K | $-2.77M | $7.86M | $3.42M | $12.12M |
| Other Working Capital | $-4.37M | $-20.45M | $6.88M | $-4.05M | $1.40M |
| Other Non Cash Items | $53.37M | $190.91M | $19.85M | $15.23M | $7.16M |
| Net Cash Provided by Operating Activities | $-24.09M | $13.36M | $132.87M | $174.66M | $151.68M |
| Investments in Property Plant and Equipment | $-36.64M | $-48.44M | $-23.47M | $-26.67M | $-125.35M |
| Acquisitions Net | $178.64M | $50.00M | $- | $- | $125.35M |
| Purchases of Investments | $- | $-200.00K | $-10.00M | $- | $-14.88M |
| Sales Maturities of Investments | $- | $-50.00M | $- | $- | $34.96M |
| Other Investing Activities | $282.00K | $50.00M | $-6.32M | $-26.67M | $-124.92M |
| Net Cash Used for Investing Activities | $142.28M | $1.36M | $-33.47M | $-26.67M | $-104.84M |
| Debt Repayment | $-143.07M | $-77.51M | $-77.36M | $-117.07M | $-79.78M |
| Common Stock Issued | $284.00K | $399.00K | $471.00K | $- | $- |
| Common Stock Repurchased | $- | $-455.00K | $-1.49M | $-586.00K | $-1.87M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-363.00K | $399.00K | $471.00K | $- | $185.00K |
| Net Cash Used Provided by Financing Activities | $-143.15M | $-77.57M | $-78.37M | $-117.66M | $-81.47M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-24.95M | $-62.84M | $21.03M | $30.34M | $-34.63M |
| Cash at End of Period | $36.07M | $61.02M | $123.87M | $102.84M | $72.50M |
| Cash at Beginning of Period | $61.02M | $123.87M | $102.84M | $72.50M | $107.13M |
| Operating Cash Flow | $-24.09M | $13.36M | $132.87M | $174.66M | $151.68M |
| Capital Expenditure | $-36.64M | $-48.44M | $-23.47M | $-26.67M | $-125.35M |
| Free Cash Flow | $-60.73M | $-35.07M | $109.40M | $148.00M | $26.33M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-19.91M | $11.66M | $-57.85M | $-28.34M | $-47.56M | $-35.12M | $-9.09M | $-115.64M | $-9.98M | $-42.78M | $-14.27M | $-7.50M | $4.28M | $5.69M | $14.12M | $11.38M | $3.42M | $1.89M | $10.79M | $12.24M |
| Depreciation and Amortization | $9.73M | $9.82M | $13.29M | $13.30M | $15.32M | $16.54M | $15.20M | $19.63M | $20.10M | $20.75M | $21.03M | $20.74M | $20.93M | $20.70M | $20.47M | $20.64M | $20.64M | $20.47M | $20.55M | $20.47M |
| Deferred Income Tax | $-848.00K | $65.00K | $428.00K | $-3.15M | $-2.95M | $-2.19M | $-1.01M | $-33.08M | $-2.48M | $-12.44M | $-4.22M | $-2.37M | $1.38M | $1.82M | $4.84M | $3.33M | $1.41M | $1.28M | $3.21M | $4.61M |
| Stock Based Compensation | $248.00K | $372.00K | $427.00K | $363.00K | $556.00K | $668.00K | $688.00K | $655.00K | $719.00K | $671.00K | $716.00K | $712.00K | $756.00K | $808.00K | $850.00K | $881.00K | $1.02M | $1.19M | $1.32M | $1.25M |
| Change in Working Capital | $9.87M | $-1.03M | $-2.55M | $2.91M | $4.75M | $98.00K | $-18.44M | $-2.30M | $-9.85M | $-6.59M | $-8.19M | $-20.30M | $22.15M | $-35.95M | $38.90M | $32.91M | $-468.00K | $1.67M | $1.91M | $231.00K |
| Accounts Receivables | $-1.30M | $867.00K | $2.74M | $-2.92M | $3.21M | $3.19M | $-9.14M | $72.00K | $2.80M | $-3.93M | $248.00K | $10.54M | $37.93M | $-12.91M | $-1.70M | $9.37M | $7.63M | $6.16M | $-1.04M | $-9.28M |
| Inventory | $-1.18M | $-644.00K | $415.00K | $-514.00K | $-1.78M | $-1.38M | $1.15M | $-464.00K | $-169.00K | $-1.27M | $-978.00K | $29.00K | $-1.81M | $-340.00K | $256.00K | $-126.00K | $-21.00K | $-224.00K | $-1.16M | $-1.23M |
| Accounts Payables | $7.06M | $2.90M | $-3.90M | $6.84M | $5.34M | $-4.68M | $-7.01M | $-7.14M | $-10.05M | $14.24M | $174.00K | $8.26M | $-15.87M | $21.19M | $-5.72M | $13.31M | $-9.29M | $1.73M | $-2.34M | $17.01M |
| Other Working Capital | $5.29M | $-4.15M | $-1.80M | $-501.00K | $-2.01M | $2.96M | $-3.44M | $-1.86M | $-2.43M | $-19.56M | $-7.63M | $-39.13M | $1.89M | $-43.90M | $46.06M | $10.36M | $1.22M | $-6.00M | $6.45M | $-6.27M |
| Other Non Cash Items | $12.12M | $12.24M | $66.18M | $4.67M | $24.68M | $17.41M | $6.62M | $786.00K | $5.11M | $45.60M | $9.69M | $10.36M | $3.15M | $6.24M | $104.00K | $1.92M | $12.38M | $473.00K | $455.00K | $-1.20M |
| Net Cash Provided by Operating Activities | $11.21M | $16.23M | $-7.84M | $-10.25M | $-5.20M | $-2.60M | $-6.03M | $-222.00K | $3.63M | $5.21M | $4.75M | $1.66M | $52.64M | $-698.00K | $79.27M | $71.06M | $38.40M | $26.97M | $38.23M | $37.60M |
| Investments in Property Plant and Equipment | $-3.72M | $-6.31M | $-6.88M | $-5.02M | $-7.09M | $-7.79M | $-16.74M | $-8.25M | $-10.38M | $-3.08M | $-26.73M | $-6.43M | $-5.36M | $-9.90M | $-1.77M | $38.96M | $-12.19M | $-13.85M | $-12.92M | $-8.62M |
| Acquisitions Net | $- | $54.25M | $53.49M | $38.77M | $53.77M | $86.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $8.62M |
| Purchases of Investments | $380.00K | $-380.00K | $- | $- | $- | $- | $- | $- | $- | $- | $-200.00K | $-10.00M | $- | $- | $- | $- | $- | $- | $- | $-14.88M |
| Sales Maturities of Investments | $2.73M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $14.88M |
| Other Investing Activities | $19.02M | $341.00K | $53.49M | $-458.00K | $513.00K | $96.00K | $131.00K | $50.00M | $- | $- | $-6.95M | $-10.63M | $92.00K | $-6.41M | $- | $-40.52M | $11.85M | $1.91M | $91.00K | $-8.81M |
| Net Cash Used for Investing Activities | $18.41M | $47.90M | $46.60M | $33.29M | $47.20M | $78.41M | $-16.61M | $41.75M | $-10.38M | $-3.08M | $-26.93M | $-16.43M | $-5.36M | $-9.90M | $-1.77M | $-1.55M | $-341.00K | $-11.95M | $-12.83M | $-8.81M |
| Debt Repayment | $-31.73M | $-60.94M | $-55.63M | $-39.49M | $-44.80M | $-80.73M | $21.04M | $-38.42M | $-14.36M | $-28.75M | $4.01M | $-45.27M | $-13.74M | $-22.89M | $5.87M | $-34.57M | $-23.83M | $-20.24M | $-36.65M | $-39.49M |
| Common Stock Issued | $-48.00K | $48.00K | $- | $136.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $-17.00K | $-316.00K | $-29.00K | $-1.00K | $-41.00K | $-339.00K | $-60.00K | $-15.00K | $-101.00K | $-1.21M | $-157.00K | $-19.00K | $-88.00K | $-297.00K | $-160.00K | $-41.00K | $-357.00K |
| Dividends Paid | $- | $- | $- | $-148.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-125.00K | $-875.00K | $- | $1.18M | $-273.00K | $105.00K | $- | $160.00K | $- | $239.00K | $- | $264.00K | $207.00K | $-69.00K | $-1.26M | $-386.00K | $-1.39M | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-31.85M | $-61.82M | $-55.63M | $-38.45M | $-45.07M | $-80.66M | $21.04M | $-38.30M | $-14.70M | $-28.57M | $3.99M | $-45.11M | $-14.74M | $-23.11M | $4.59M | $-35.05M | $-25.52M | $-20.40M | $-36.69M | $-39.84M |
| Effect of Forex Changes on Cash | $- | $- | $- | $-23.18M | $23.18M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-2.23M | $2.31M | $-16.87M | $-15.42M | $-3.08M | $-4.85M | $-1.60M | $3.23M | $-21.45M | $-26.43M | $-18.18M | $-59.88M | $32.53M | $-33.72M | $82.09M | $34.46M | $12.54M | $-5.37M | $-11.29M | $-11.05M |
| Cash at End of Period | $19.29M | $21.51M | $19.20M | $36.07M | $51.49M | $54.57M | $59.42M | $61.02M | $57.80M | $79.25M | $105.68M | $123.87M | $183.75M | $151.22M | $184.93M | $102.84M | $68.38M | $55.84M | $61.21M | $72.50M |
| Cash at Beginning of Period | $21.51M | $19.20M | $36.07M | $51.49M | $54.57M | $59.42M | $61.02M | $57.80M | $79.25M | $105.68M | $123.87M | $183.75M | $151.22M | $184.93M | $102.84M | $68.38M | $55.84M | $61.21M | $72.50M | $83.56M |
| Operating Cash Flow | $11.21M | $16.23M | $-7.84M | $-10.25M | $-5.20M | $-2.60M | $-6.03M | $-222.00K | $3.63M | $5.21M | $4.75M | $1.66M | $52.64M | $-698.00K | $79.27M | $71.06M | $38.40M | $26.97M | $38.23M | $37.60M |
| Capital Expenditure | $-3.72M | $-6.31M | $-6.88M | $-5.02M | $-7.09M | $-7.79M | $-16.74M | $-8.25M | $-10.38M | $-3.08M | $-26.73M | $-6.43M | $-5.36M | $-9.90M | $-1.77M | $38.96M | $-12.19M | $-13.85M | $-12.92M | $-8.62M |
| Free Cash Flow | $7.49M | $9.92M | $-14.72M | $-15.28M | $-12.29M | $-10.39M | $-22.77M | $-8.47M | $-6.75M | $2.13M | $-21.98M | $-4.77M | $47.27M | $-10.60M | $77.50M | $110.03M | $26.21M | $13.12M | $25.31M | $28.98M |
Mesa Air Group Dividends
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Mesa Air Group News
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Mesa Air Group Discloses Notice from Nasdaq
PHOENIX, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it received a notice (“Notice”) on February 21, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of (i) the Company's delay in filing its Quarterly Report on Form 10-Q for the period ended December 31, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”), and (ii) the Company's continued delay in filing its Annual Report on Form 10-K for the period ended September 30, 2024 (the “Form 10-K” or the “Initial Delinquent Filing”), as first reported in that notification letter (the “Initial Notice”) issued by the SEC to the Company on January 15, 2025 (the “Initial Notice Date”), the Company is still not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”). The filing delay is not the result of a forthcoming restatement of the Company's financial statements or any disagreement with the Company's auditors.
MESA LABS DECLARES QUARTERLY DIVIDEND
LAKEWOOD, Colo., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Mesa Laboratories, Inc. (NASDAQ:MLAB) (we, us, our, “Mesa” or the “Company”) today announced that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock. The dividend will be payable on March 17, 2025, to shareholders of record at the close of business on February 28, 2025.
Mesa Announces Action to Balance Pilot Supply
PHOENIX, July 02, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced the furlough of 12 pilots and training deferrals for 41 pilot trainees, effective July 12, 2024. These actions are the result of significantly reduced attrition among Mesa's active pilot workforce. The Company currently anticipates this will save approximately $750,000 per month in operating expenses.
Mesa Provides Update on RASPRO Surplus CRJ Asset Transactions
PHOENIX, June 06, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided an update that the Company has completed the sales of six of the 15 surplus CRJ-900 airframes, and ten of the 30 surplus CRJ engines, associated with its Regional Aircraft Securitization Program (“RASPRO”) finance lease. Mesa previously entered into agreements to sell the 15 airframes and 30 engines, respectively, to two separate third parties.
XTI Aerospace Announces Mesa Airlines' Investment in XTI and Conditional Pre-Order for 100 TriFan 600 Aircraft
ENGLEWOOD, Colo. , June 5, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today announced that Mesa Air Group, Inc. ("Mesa") (Nasdaq: MESA) ("Mesa"), the holding company of regional air carrier Mesa Airlines, is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company ("XTI"), a wholly-owned subsidiary of the Company, for up to 100 TriFan 600 aircraft, a fixed-wing, vertical lift crossover airplane (VLCA), which is currently in development.
Mesa Regains Compliance with NASDAQ Minimum Bid Price Requirement
PHOENIX, June 05, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“NASDAQ”) informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
Charlie's Holdings Reports First Quarter 2024 Results
Increasing Awareness and Market Share of SPREE BAR™ - with Proprietary Metatine™ Inside - Throughout 2024COSTA MESA, CA / ACCESSWIRE / May 20, 2024 / Charlie's Holdings, Inc. (OTCQB:CHUC) ("Charlie's" or the "Company"), an industry leader in the premium vapor products space, today reported results for the three months ended March 31, 2024, and provided an update on recent business highlights.Key Financial Highlights for Q1 2024 (compared with Q1 2023)Revenue decreased 24% to $3.1 millionGross profit increased 6% to $0.9 millionOperating expenses decreased 22% to $1.9 millionOperating loss decreased 38% to $0.9 millionNet loss decreased 25% to $1.0 millionRecent Business HighlightsDeveloped, tested, and trademarked Metatine nicotine substitute alkaloid; launched SPREE BAR disposable pod system product line.Initiated "Metatine awareness campaign" to educate the trade and adult consumers in select markets across the United States about Metatine's key selling points; presented keynote session "Creating Great Products in an Increasingly Regulated Market" at the 2024 Total Products Exposition in Las Vegas.Initiated development efforts on (i) a second-generation SPREE BAR disposable device, and (ii) Metatine-based e-liquids. Both products are slated for launch in the summer of 2024.Management CommentaryRyan Stump, Charlie's Chief Operating Officer, explained, "In the first quarter of 2024 we invested working capital and the bulk of management's attention to the introduction and test marketing of our SPREE BAR line of nicotine substitute vapor products. We believe that the market for alternative alkaloid products, such as SPREE BAR, offers an enormous opportunity for growth. As market awareness increases, and as we continue to test and roll-out the SPREE BAR product line, we believe nicotine substitute products will become the single largest, most important commercial opportunity in Charlie's history.""During the first quarter of 2024, we continued to significantly reduce our cash burn and deployment of resources toward the development and test marketing of the SPREE BAR product line," stated Matt Montesano, Charlie's Holdings, Inc. Interim Chief Financial Officer. "We are preparing for customer education campaigns and the commercial launch of Charlie's nicotine substitute products ̶ in disposable vape format ̶ in the second half of 2024."Henry Sicignano III, Charlie's President, commented, "With the development of Metatine and through the launch of SPREE BAR, we have positioned Charlie's for a return to growth in the second half of 2024. Though we are disappointed that the first half of the year will not be profitable, we believe that sales of the SPREE BAR line, combined with increased sales of our Pacha disposables - which remain in substantive review with the FDA - could position Charlie's for an uplist to a national securities exchange. It is our plan to do everything possible to affect these achievements."SPREE BARDuring the first quarter of 2024 the Company continued its initial launch/test marketing phase of new disposable vape products, under the "SPREE BAR" brand. The Company and its attorneys believe SPREE BAR products with Metatine™ inside, are not subject to FDA Premarket Tobacco Application ("PMTA") review. In short, the Company's SPREE BAR vape liquids are not made or derived from tobacco, nor do they contain nicotine from any source. Based on the information provided by the Company's contracted chemical suppliers and its consultants, the proprietary Metatine alkaloid (patented in the United States and in China by the Company's chemical supplier) does not meet the definition of nicotine set forth in 21 U.S.C. § 387(12) and therefore Charlie's products that contain Metatine as their active ingredient are not subject to regulation as "tobacco products" under 21 U.S.C. § 321(rr).In late 2023 and in Q1 2024 the Company began shipping its new Metatine-based, SPREE BAR disposable vape products to master distributors. Charlie's believes that its transition to Metatine-based products will give the Company an extraordinary opportunity to capture significant sales and market share in the vapor products marketplace in late 2024 and beyond.SPREE BAR, with Metatine, is indistinguishable from a conventional disposable vape; SPREE BAR provides adult consumers with the same satisfaction that typical nicotine disposables provide, but without nicotine.Because Metatine is not made or derived from tobacco, and because Metatine does not consist of or contain nicotine from any source, SPREE BAR is not subject to FDA Pre-Market Tobacco Application requirements.PMTA UpdateAs of March 31, 2024, Charlie's 2020 PMTA remains among the select minority of applications submitted to the FDA for a tobacco-derived nicotine Electronic Nicotine Delivery System ("ENDS") product that has not received a Marketing Denial Order ("MDO") or Refuse-to-File designation.Charlie's filed new PMTAs, for its synthetic Pacha products on May 13, 2022. On November 3, 2022 FDA accepted for scientific review certain of the Company's PMTAs for synthetic nicotine products and, on November 4, 2022, FDA refused to accept certain other PMTAs for these products. The Company submitted an administrative appeal with the FDA regarding its refusal to accept certain of the PMTAs. The administrative appeal was granted on October 30, 2023 and the Pacha products were accepted to move forward in the PMTA review process. Charlie's continues to sell the affected synthetic nicotine products while the PMTA review process continues.Financial Results for the Three Months Ended March 31, 2024:Revenue: For the three months ended March 31, 2024, revenue was $3.1 million, a decrease of $1.0 million, or 24%, compared with $4.0 million for the three months ended March 31, 2023. The decrease in revenue was primarily due to a $0.7 million decrease in Charlie's nicotine-based vapor product sales and a $0.3 million decrease in hemp-derived products.The decrease in Charlie's nicotine-based vapor product sales was related to a decline in sales of the Pacha Disposable line as well as periodic, voluntary stockouts of the Company's e-liquid products. The Pacha Disposable line has faced challenges including increased competition from low-priced Chinese products, the requirement for synthetic nicotine products to obtain marketing authorization from the FDA, and continued uncertainty surrounding the FDA's issuance of MDO's and Refuse-to-File designations. The launch of the Company's SPREE BAR line of nicotine substitute vapor products required enhanced focus and resource allocation in order to support sales and marketing efforts, which ultimately affected the sales performance of other product categories.The decrease in sales for Charlie's hemp-derived products business during the quarter was directly related to the diversion of working capital and other resources towards the ramp up of our SPREE BAR line of nicotine substitute vapor products.Gross Profit: For the three months ended March 31, 2024, gross profit was $0.9 million, an increase of $0.1 million, or 6%, compared with $0.9 million for the three months ended March 31, 2023. The resulting gross margin for the three months ended March 31, 2024 was 30.9%, compared with 22.1% for the three months ended March 31, 2023. Gross margin increased compared to last year due to a reduced inventory obsolescence expense related to both nicotine and hemp-derived products.Total Operating Expenses: For the three months ended March 31, 2024, total operating expenses, including general and administrative, sales and marketing and research and development costs, were $1.9 million, a decrease of $0.5 million, or 22%, compared with $2.4 million for the three months ended March 31, 2023.Operating Loss: For the three months ended March 31, 2024, operating loss was $0.9 million, a decrease of $0.6 million, or 38%, compared with $1.5 million for the three months ended March 31, 2023.Net Loss: For the three months ended March 31, 2024, net loss was $1.0 million, a decrease of $0.3 million, or 25%, compared with $1.4 million for the three months ended March 31, 2023.EPS: For the three months ended March 31, 2024, diluted earnings loss per share was ($0.00), compared with diluted earnings loss per share of ($0.01), for the three months ended March 31, 2023.About Charlie's Holdings, Inc.Charlie's Holdings, Inc. (OTCQB:CHUC) is an industry leader in the premium vapor products space. The Company's products are sold around the world to select distributors, specialty retailers, and third-party online resellers through subsidiary companies Charlie's Chalk Dust, LLC and Don Polly, LLC. Charlie's Chalk Dust, LLC has developed an extensive portfolio of brand styles, flavor profiles, and innovative product formats. Don Polly, LLC creates innovative hemp-derived products and brands.For additional information, please visit Charlie's corporate website at: Chuc.com and the Company's branded online websites: CharliesChalkDust.com, Pacha.co, Pinweel.com and SPREEBAR.com.Safe Harbor StatementThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company's overall business, existing and anticipated markets and expectations regarding future sales and expenses. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms, and similar expressions, are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ongoing ability to quote its shares on the OTCQB; whether the Company will meet the requirements to uplist to a national securities exchange in the future; the Company's ability to successfully increase sales and enter new markets; whether the Company's PMTA's will be approved by the FDA, and the FDA's decisions with respect to the Company's future PMTA's; the Company's ability to manufacture and produce products for its customers; the Company's ability to formulate new products; the acceptance of existing and future products; the complexity, expense and time associated with compliance with government rules and regulations affecting nicotine, synthetic nicotine, and products containing cannabidiol; litigation risks from the use of the Company's products; risks of government regulations, including recent regulation of synthetic nicotine; the impact of competitive products; and the Company's ability to maintain and enhance its brand, as well as other risk factors included in the Company's most recent quarterly report on Form 10-Q, annual report on Form 10-K, and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.Investors Contact:IR@charliesholdings.comPhone: 949-570-0691SOURCE: Charlie's Holdings, Inc.
Grounded No More: 3 Regional Airline Stocks to Lift Your Portfolio
When travelers and investors think about the airline industry, their attention remains captivated by big names like United Airlines (NASDAQ: UAL ) or Delta (NYSE: DAL ). After all, these airlines operate the most exciting routes and aircraft, with flashy first-class amenities and branded credit cards.
Airline Turnarounds: Spirit Airlines Vs. Mesa Air Group
Dave Portnoy's tweets about being long on Spirit Airlines may spark a short squeeze. The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share. Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround.
Why Is Mesa Air (MESA) Stock Up 67% Today?
Mesa Air (NASDAQ: MESA ) stock is flying higher on Friday after the air carrier passenger scheduling services company announced an agreement with United Airlines (NASDAQ: UAL ). The new deal between Mesa Air and United Airlines amends the capacity purchase agreement and certain credit agreements between the two.
Mesa Air shares take off on reworked United deal, asset sales
Mesa Air Group's shares jumped close 70% in Friday premarket trade after it announced a revised deal with United Airlines Holdings Inc (NASDAQ:UAL) that will boost revenue and improve liquidity at the struggling company. The Phoenix, Arizona-based holding company for regional carrier Mesa Airlines also issued an update on its efforts to sell excess CRJ-900 aircraft and engines to reduce its debt and bolster liquidity.
Mesa Air Group Enters New Agreements with United Airlines for Improved Operating and Financing Terms and Provides Update on CRJ-900 Asset Sale Program
PHOENIX, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced agreements with United Airlines (“United”) to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa's operating income and liquidity over the next twelve months. The Company also issued an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity.
Mesa Air delays earnings update by up to 15-days
Mesa Air Group, Inc. MESA, -3.42% said Thursday it plans to file a notification of a late filing for its annual report for the fiscal year ended Sept. 30. The filing will provide it with an automatic 15-day extension to release its 2023 10-K annual report.
Mesa Air Group Announces Intent to File Form 12b-25 and Delay Its Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
PHOENIX, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it will file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its annual report on Form 10-K (the “2023 10-K”) for the fiscal year ended September 30, 2023. Form 12b-25 will allow the Company an automatic extension of fifteen additional calendar days to file the 2023 10-K, which is due on December 14, 2023.
Mesa Air Group, Inc.: Incorrectly Priced For Bankruptcy
Mesa Air Group's stock has experienced significant turbulence, dropping from $3.82 to as low as $0.40 since July 2023. Mesa's partnership with United Airlines is a key factor in its potential for success, as United has shown support and made adjustments to help Mesa weather challenges. Mesa has a clear path to profitability through its CPA agreement with United and efforts to hire more pilots, as well as plans to sell surplus aircraft to reduce debt.
Mesa Air Group Announces Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call Date
PHOENIX, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) will release its 2023 fourth quarter and fiscal year end earnings after the market closes on Thursday, December 14th. The Company will also host a conference call to discuss the results on December 14th at 4:30 pm Eastern Time.
Mesa Airlines Launches Independent Pilot Time Building Program for Aspiring Pilots
PHOENIX, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines, announced today the launch of its Independent Pilot Development program (IPD), which will offer pilots “pay as you go” opportunity to build required flight time quickly, economically, and efficiently in brand new Pipistrel Alpha 2 aircraft.
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