PREM — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Results of operations for the three months ended March 31, 2026 and 2025

• 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…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Unaudited proforma financial statements of Altair and Premier had the acquisition taken place on January 1, 2024 are as follows:

• At December 31, 2024, there were no significant assets or liabilities of Altair, accordingly, a proforma balance sheet is not presented.

• Results of operations for the three months ended September 30, 2025 and 2024

• Revenues for the three months ended September 30, 2025 as compared to September 30, 2024 totaled $7,073,341 and $4,021,355, respectively. The Company realized approximately $3,051,986 in Charter Revenue from aircraft added to the fleet during 2025. This gain was offset by the following:

• · a $11,481 increase in Maintenance Revenue realized from aircraft management contracts that have been converted to aircraft leases where the Company now has full right of aircraft use;

Text added vs the prior filing · source: 10-Q · 2026-05-15

• On December 17, 2024, the Company received a notice of investigation from the Federal Aviation Administration’s San Diego Flight Standards Office (“FSDO”). The investigation was the result of a safety complaint from a former employee. The investigation was a series of inquiries related to compliance…

• Regardless of outcome, litigation can have an adverse impact on us due to defense and settlement costs, diversion of management resources, negative publicity and reputational harm, and other factors.