Sky Harbour reports Q1 EPS (19c) vs (78c) last year

Reports Q1 revenue $5.59M, consensus $5.69M. Tal Keinan commented: “Sky Harbour (SKYH) is entering a new phase. Having established the Home Basing value proposition among Tier-1 Business Aviation Residents across the United States, the company is gearing for scale. The focus in Q1 was construction, where we have inducted new leadership and talent to meet the scaling challenge, and extended vertical integration to pre-construction and general contracting functions to maximize economies of scale. As we gear for scale in leasing and airfield operations, we remain committed to the uncompromising standards of the Sky Harbour Home Basing offering. We have created a category in aviation infrastructure, and we aim to lead it for years to come.”