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flyExclusive (FLYX)
:FLYX
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flyExclusive
(NYSE MKT:FLYX)
Rating:47Neutral
Price Target:
$2.00
▼(-2.91%Downside)
flyExclusive (FLYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$165.07M
Dividend YieldN/A
Average Volume (3M)18.36K
Price to Earnings (P/E)28.9
Beta (1Y)-0.06
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees750
SectorFinancial
Sector Strength81
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.30
Shares Outstanding20,199,587
10 Day Avg. Volume28,239
30 Day Avg. Volume18,357
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio-14.20
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
flyExclusive Business Overview & Revenue Model
Company DescriptionflyExclusive, Inc. owns and operates private jets worldwide. The company also offers jet charter services; ownership and leaseback programs for aircraft buyers; and aircraft maintenance, repair, interior, and paint services. In addition, it provides jet cards. The company is headquartered in Kinston, North Carolina. flyExclusive, Inc.operates as a subsidiary of LGM Enterprises, LLC.
How the Company Makes MoneyflyExclusive makes money primarily through its private jet membership programs, jet card sales, and on-demand charter services. Clients pay for these services either through purchasing flight hours in advance, subscribing to membership plans, or booking individual flights as needed. The company benefits from a diverse customer base that includes corporate clients, high-net-worth individuals, and leisure travelers. Additionally, flyExclusive maximizes its revenue by maintaining a well-utilized fleet, optimizing scheduling and aircraft availability. Strategic partnerships with luxury travel agencies and corporate entities also contribute to its revenue generation by expanding its market reach and customer base.
flyExclusive Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q1-2025)
| % Change Since: -30.64%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong overall performance with significant improvements in fleet modernization, revenue growth, and membership expansion. The company is successfully executing its strategic initiatives, resulting in better financial metrics and operational efficiency. Despite a continued adjusted EBITDA loss, the positive developments outweigh the negatives.Q1-2025 Updates
Positive Updates
Fleet Modernization and Improved Dispatch Availability
The company reduced non-performing aircraft from 37 to 5, improving dispatch availability from 30% to over 60%. The transition to newer aircraft like Challengers is expected to further improve availability to around 80%.
Revenue and Flight Hours Growth
Despite a reduction of nearly 20% in the number of aircraft, revenue increased by 10% year-over-year to $88 million, and flight hours increased by 6% from the previous year.
Growth in Membership and Utilization
Active membership grew by 38%, and utilization per member increased by 13%. The member-to-aircraft ratio is now 12.8, the lowest among major industry players.
Jet Club and Fractional Program Success
Jet Club sales increased by 25% year-over-year, and fractional program activity doubled to $16.2 million compared to Q1 2024.
Improved Financial Performance
Adjusted EBITDA loss reduced by 67% to $6.3 million, and SG&A costs decreased by 17%, saving over $6 million in Q1.
Negative Updates
Continued Adjusted EBITDA Loss
Despite improvements, the company still reported an adjusted EBITDA loss of $6.3 million in Q1.
Company Guidance
During the first quarter of fiscal year 2025, flyExclusive showcased significant improvements across its operations, primarily driven by a modernized fleet and streamlined cost structure. The company reported a 10% year-over-year increase in revenue, reaching $88 million, despite a roughly 20% reduction in fleet size. Flight hours rose by 6%, with improved aircraft availability contributing to this growth. The addition of new Challenger aircraft has been pivotal, with each expected to generate $8 to $10 million annually, representing up to 30% of overall revenue by year-end. Active membership increased by 38%, and fractional program activity doubled compared to Q1 2024. Notably, SG&A expenses were cut by 17%, leading to a 70% reduction in adjusted EBITDA loss to $6.3 million. The company anticipates further growth and efficiency, bolstered by strong demand in its Jet Club and fractional programs, and expects to achieve positive free cash flow and continued EBITDA improvements throughout 2025.flyExclusive Financial Statement Overview
Summary
flyExclusive faces significant financial challenges with negative earnings and equity, high leverage, and weak cash flow management. Despite slight revenue growth, the company's profitability and solvency issues present severe risks that need strategic attention for improvement.Income Statement
flyExclusive shows declining profitability with negative net income and EBIT over the TTM and past years. Revenue has increased slightly from the previous year, showing some growth potential, but the margins remain negative, indicating financial challenges.30
Negative
Balance Sheet
The company's balance sheet reflects high leverage with a negative stockholders' equity, indicating insolvency risks. The debt-to-equity ratio is not calculable due to negative equity, suggesting financial instability and a potential risk for creditors and investors.20
Very Negative
Cash Flow
Operating cash flow is zero in the TTM, and although free cash flow has turned positive recently, the overall cash flow position remains weak. The free cash flow to net income ratio is not favorable due to negative net income, highlighting ongoing cash management issues.25
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 335.43M | 327.27M | 315.36M | 320.04M | 208.28M |
| Gross Profit | 29.52M | 37.06M | 24.20M | 41.49M | 49.04M |
| EBITDA | -54.90M | -54.56M | -5.53M | 27.25M | 23.81M |
| Net Income | -20.68M | -21.07M | -46.84M | 6.05M | 8.09M |
Balance Sheet | |||||
| Total Assets | 466.76M | 538.29M | 521.03M | 494.22M | 225.97M |
| Cash, Cash Equivalents and Short-Term Investments | 14.75M | 97.23M | 82.86M | 92.63M | 319.22K |
| Total Debt | 260.87M | 315.66M | 312.63M | 300.46M | 71.94K |
| Total Liabilities | 495.73M | 549.96M | 485.70M | 446.80M | 15.62M |
| Stockholders Equity | -281.46M | -195.74M | 46.46M | -5.12M | 210.36M |
Cash Flow | |||||
| Free Cash Flow | -25.08M | -68.09M | -96.56M | -121.95M | -67.01M |
| Operating Cash Flow | 4.57M | -10.93M | 8.66M | 45.64M | -1.06M |
| Investing Cash Flow | 88.18M | -7.87M | -62.03M | -142.64M | -225.00M |
| Financing Cash Flow | -10.99M | 38.87M | 41.81M | 99.05M | 226.38M |
flyExclusive Technical Analysis
Negative
2.06
Price Trends
2.80
Negative
3.02
Negative
2.85
Negative
Market Momentum
-0.20
Positive
34.43
Neutral
15.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYX, the sentiment is Negative. The current price of 2.06 is below the 20-day moving average (MA) of 2.59, below the 50-day MA of 2.80, and below the 200-day MA of 2.85, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 34.43 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYX.
flyExclusive Risk Analysis
flyExclusive disclosed 65 risk factors in its most recent earnings report. flyExclusive reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
flyExclusive Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $16.84B | 11.72 | 9.71% | 3.76% | 11.61% | -9.60% | |
58 Neutral | $334.60M | ― | -11.64% | ― | 8.67% | 49.62% | |
55 Neutral | $112.26M | ― | 138.02% | ― | 31.17% | 83.01% | |
51 Neutral | $38.44M | ― | -472.57% | ― | -11.55% | -76.38% | |
47 Neutral | $165.07M | 28.86 | 26.01% | ― | ― | ― | |
40 Underperform | $775.75M | ― | -2416.94% | ― | -29.68% | 95.14% | |
38 Underperform | $2.68M | ― | -398.23% | ― | -4.90% | 81.88% |
* Financial Sector Average
Performance Comparison
FLYX
flyExclusive
2.33
-1.80
-43.58%
MESA
Mesa Air Group
0.93
-0.63
-40.38%
BLDE
Blade Air Mobility
4.18
0.73
21.16%
UP
Wheels Up Experience
1.12
-1.94
-63.40%
SOAR
Volato Group
1.31
-12.07
-90.21%
SRFM
Surf Air Mobility, Inc.
4.10
1.39
51.29%
flyExclusive Corporate Events
M&A TransactionsBusiness Operations and Strategy
flyExclusive Announces Acquisition of Jet.AI’s Aviation Business
Positive
Feb 19, 2025
On February 14, 2025, flyExclusive announced a definitive agreement to acquire Jet.AI’s aviation business in an all-stock transaction, following Jet.AI’s spin-off of its aviation segment into a new entity, SpinCo. This strategic business combination is expected to enhance flyExclusive’s growth capital and shareholder liquidity, while allowing Jet.AI to concentrate on its AI solutions. The transaction, anticipated to finalize in the second quarter of 2025, will support flyExclusive’s 2025 growth plans by integrating Jet.AI’s assets into its operations.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.