PREM — what changed in the latest 10-Q
A section-by-section comparison of PREM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −7 | ~7 | 9 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | +1 | 0 | ~3 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
Revenues for the three months ended June 30, 2026 as compared to June 30, 2025 totaled $5,783,795 and $7,427,321, respectively. Charter revenue decreased $1.7 million, or 23.9%, and other revenue, net, decreased $39,086. These decreases were partly offset by increases of $117,729 in maintenance reve…
Cost of Sales for the three months ended June 30, 2026 as compared to June 30, 2025 totaled $5,5818,840 and $7,205,857, respectively, an decreases of $1,387,017, or 19.2%. The decrease primarily reflected fewer flight hours and a reduction in the contractual engine-reserve rate for the CJ3 fleet und…
Operating Expenses for the three months ended June 30, 2026 as compared to June 30, 2025 totaled $870,912 and $1,045,126, respectively, a decrease of $174,214, or 16.7%. Payroll expense decreased $116,334, primarily reflecting reductions in employee headcount. Selling, general and administrative exp…
Loss from Operations for the three months ended June 30, 2026 was ($905,957) compared to ($823,662) for the three months ended June 30, 2025. The loss from operations for the three months ending June 30, 2026 increased by $82,295, or 10.0%, reflecting a $1,643,526 decline in revenue that outpaced co…
Results of operations for the six months ended June 30, 2026 and 2025
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Revenues for the three months ended March 31, 2026 as compared to March 31, 2025 totaled $7,203,459 and $5,875,523, respectively. Charter Sales increased by $1,164,629, or 20.1%, and was driven by new aircraft put into service during the fiscal year ended December 31, 2025. Maintenance Revenue incre…
Cost of Sales for the three months ended March 31, 2026 as compared to March 31, 2025 totaled $6,666,359 and $5,728,935, respectively, an increase of $937,424. The increase in cost of revenues was primarily the result of a rise in fuel prices due to geo political circumstances including the war in I…
Operating Expenses for the three months ended March 31, 2026 as compared to March 31, 2025 totaled $1,277,563 and $1,002,266, respectively, an increase of $275,297. This increase is primarily due the additional payroll, insurance and taxes required to support additional aircraft flight activity..
Loss from Operations for the three months ended March 31, 2026 was ($740,463) compared to ($855,678) for the three months ended March 31, 2025. The loss from operations for the three months ending March 31, 2026 decreased by $115,215, or 13.5%, and was primarily driven by an increase in Charter Sale…
During the three months ended March 31, 2026, the Company incurred a Net Loss of ($1,156,406) compared to ($1,223,605) for the first three months ending March 31, 2025. This decrease in cash provided was primarily driven by an increase in accounts receivable.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-14
On November 18, 2025, Premier Air Charter filed a General Civil Complaint for Property Damage, Loss of Revenue, Civil Assault, Trespass to Chattel, Vandalism, and Intentional Infliction of Emotional Distress and Indemnity against Triumph Jets and Brandon Avila in the Superior Court of the State of C…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice