Jet.AI reports FY24 EPS ($47.93) vs ($450.34) last year

Reports FY24 revenue $14M vs $12.2M last year. Founder and Executive Chairman Mike Winston said, “2024 – and the first stretch of 2025 – was about laying the foundation for something new. We spent the year redefining Jet.AI’s (JTAI) long-term vision and charting a path toward a future centered on AI data centers. Along the way, we continued to invest in our software platform, enhancing existing tools and launching Ava – our agentic AI model that simplifies private jet booking. It’s a product we’re proud of, and one we believe speaks to where intelligent systems are headed. The back half of the year was focused on cleaning up our capitalization structure, following the 2023 de-SPAC transaction. At the same time, our aviation business continued to attract strong interest. That effort culminated in a definitive agreement in February 2025 to divest the segment to flyExclusive through an all-stock spin-off deal. It’s a win-win. Our shareholders retain their Jet.AI holdings and will receive flyExclusive shares at closing, giving them a seat at two tables: aviation and artificial intelligence.”