ASLE - AerSale Non-GAAP EPS of $0.23 beats by $0.03 revenue of $95.1M misses by $27.69M

2023-03-06 16:12:24 ET

• AerSale press release ( NASDAQ: ASLE ): Q4 Non-GAAP EPS of $0.23 beats by $0.03 .
• Revenue of $95.1M (-18.6% Y/Y) misses by $27.69M .
• Fourth quarter 2022 adjusted EBITDA was $17.7 million, compared to $28.6 million in the prior-year period.
• Cash used in operating activities was $0.1 million, primarily due to the application of $18.0 million in customer deposits associated with the sale of a 747 freighter aircraft that closed during 2022,

• Income from operations was $9.1 million in the fourth quarter of 2022 and $19.8 million in the fourth quarter of 2021.

• Income tax expense was $4.1 million in the fourth quarter of 2022 and $2.9 million in the fourth quarter of 2021.

• GAAP net income was $9.2 million in the fourth quarter of 2022 compared to $11.2 million in fourth quarter of 2021.

• Adjusted Net Income was $12.3 million in the fourth quarter of 2022 versus $22.3 million in the fourth quarter of 2021. Diluted earnings per share was $0.17 for the fourth quarter of 2022 and $0.21 in the fourth quarter of 2021.

• Adjusted EBITDA in the fourth quarter of 2022 was $17.7 million, compared to $28.6 million in the fourth quarter of 2021.

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