The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players ...

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players ...

Core Viewpoint - Wheels Up Experience Inc. (NYSE:UP) has seen a significant increase in its stock price, rising by 18.51% on Wednesday, as it attempts to recover from trading below the $1 minimum bid price requirement for eight consecutive sessions [1][2][3]. Financial Performance - The company reported a net loss of $83.73 million in the third quarter, which is a 45% increase from a loss of $57.73 million in the same period last year [3]. - Revenues decreased by 4.3% year-on-year, falling to $185.49 million from $193.90 million, primarily due to lower flight revenues from the discontinued Connect and Pay-As-You-Fly segment [4]. Future Outlook - Wheels Up anticipates that the fourth quarter will be its best since the start of its transformation two years ago [4]. - The CEO highlighted the positive customer feedback and strong sales of the new fleet offerings, indicating expectations for accelerating growth in corporate and individual Signature membership sales in the upcoming quarter and year [5].

Financial Performance - Total revenue for the three months ended September 30, 2025, was $185.486 million, a decrease of 4.3% compared to $193.903 million for the same period in 2024[14] - Net loss for the three months ended September 30, 2025, was $83.730 million, compared to a net loss of $57.731 million for the same period in 2024, representing a 45% increase in losses[14] - The company reported a loss from operations of $61.337 million for the three months ended September 30, 2025, compared to a loss of $41.861 million for the same period in 2024[14] - Total costs and expenses for the three months ended September 30, 2025, were $246.823 million, an increase of 4.7% from $235.764 million for the same period in 2024[14] - The net loss for the nine months ended September 30, 2025, was $265,342,000, compared to a net loss of $252,097,000 for the same period in 2024, indicating an increase in losses[24] - For the three months ended September 30, 2025, total equity-based compensation expense was $12,499,000, a 58.5% increase from $7,885,000 in the same period of 2024[119] Assets and Liabilities - Total current assets decreased to $248.276 million as of September 30, 2025, down from $332.069 million as of December 31, 2024, reflecting a decline of 25.3%[9] - Total liabilities as of September 30, 2025, were $1.347 billion, slightly down from $1.354 billion as of December 31, 2024[9] - The company’s total assets decreased to $973.003 million as of September 30, 2025, down from $1.158 billion as of December 31, 2024, a reduction of 16%[9] - The company’s accumulated deficit increased to $2.368 billion as of September 30, 2025, compared to $2.102 billion as of December 31, 2024[12] - Long-term debt as of September 30, 2025, was $393.571 million, an increase from $376.308 million as of December 31, 2024, representing an increase of about 4.6%[56] Cash Flow and Liquidity - Cash and cash equivalents decreased to $125.327 million as of September 30, 2025, from $216.426 million as of December 31, 2024, a decline of 42.1%[9] - Cash flows from operating activities resulted in a net cash used of $147,926,000 for the nine months ended September 30, 2025, compared to $115,814,000 for the same period in 2024[24] - Total cash, cash equivalents, and restricted cash at the end of the period was $155,778,000, down from $246,468,000 at the beginning of the period[24] - The company redeemed the Revolving Equipment Notes for 19 aircraft, reducing the aggregate principal amount outstanding by $45.3 million during the nine months ended September 30, 2025[66] Revenue Breakdown - Membership revenue for the three months ended September 30, 2025, was $6.3 million, a decrease of 52% from $13.2 million in the same period of 2024[37] - Deferred revenue as of September 30, 2025, was $711.2 million, down from $749.6 million as of December 31, 2024[39] - The company recognized $371.6 million in revenue from amounts included in the deferred revenue beginning balance during the nine months ended September 30, 2025[39] Stock and Equity - The weighted-average shares of Class A common stock outstanding for the three months ended September 30, 2025, were 703,813,424, compared to 697,721,699 for the same period in 2024[14] - The company issued 21,157,534 shares of common stock under the ATM program, raising $47,597,000[24] - The company issued 21,157,534 shares of Common Stock under the ATM Program for $49.4 million in gross proceeds during the three and nine months ended September 30, 2025[96] Taxation - The company recorded an income tax expense of $1.3 million for the three months ended September 30, 2025, compared to $0.4 million for the same period in 2024[141] - The effective tax rate for the three months ended September 30, 2025 was (1.6)%, compared to (0.7)% for the same period in 2024[141] - The company expects to continue evaluating the realizability of deferred tax assets, with a valuation allowance established for the majority of U.S. deferred tax assets[144] Impairment and Expenses - A one-time non-cash impairment charge of $20.2 million was recorded for vacated office space during the three months ended March 31, 2025[92] - The company incurred equity-based compensation expenses of $33,455,000 for the nine months ended September 30, 2025, compared to $33,364,000 in 2024[24] Compliance and Regulations - The Company was in compliance with the covenants under the Credit Agreement as of September 30, 2025[74] - The company is monitoring the implementation of the OECD's Pillar Two model rules, which introduce a global minimum tax of 15% effective January 1, 2024, but it did not materially impact financial results for the periods ended September 30, 2025 and 2024[146]

Financial Performance - Revenue for Q3 2025 was $185.5 million, down 4% year-over-year, primarily due to reduced flight revenue from discontinued members[6] - Net loss for the quarter was $83.7 million, or $(0.12) per share, compared to a net loss of $57.7 million in the prior year[12] - Revenue for Q3 2025 was $185,486,000, a decrease of 4% from $193,903,000 in Q3 2024[23] - For the nine months ended September 30, 2025, revenue was $552,653,000, down 6% from $587,289,000 in the same period of 2024[25] - Net loss attributable to Wheels Up Experience Inc. for Q3 2025 was $83,730,000, representing a 45% increase from a net loss of $57,731,000 in Q3 2024[23] - The company reported a net loss of $265,342,000 for the nine months ended September 30, 2025, compared to a net loss of $252,097,000 for the same period in 2024, a 5% increase[25] - Adjusted Contribution for Q3 2025 was $23,500 thousand, down from $28,758 thousand in Q3 2024, reflecting a decline of 18%[56] - Membership revenue decreased by 52% in Q3 2025 to $6,313 thousand compared to $13,231 thousand in Q3 2024[56] - Total revenue for the nine months ended September 30, 2025 was $552,653 thousand, a decline of 6% from $587,289 thousand in the same period of 2024[56] Operational Metrics - The company achieved a Completion Rate of 99% and On-Time Performance of 89%, reflecting operational improvements despite ongoing fleet modernization[7] - Total Gross Bookings increased to $266.6 million, up 5% year-over-year, driven by a 14% growth in on-demand charter offerings[6] - Total costs and expenses increased to $246,823,000 in Q3 2025, up 5% from $235,764,000 in Q3 2024[23] - Cash flows from operating activities resulted in a net cash used of $147,926 for the nine months ended September 30, 2025, compared to $115,814 for the same period in 2024, indicating a 27.7% increase in cash outflow[29] - The company’s utility metric measures the efficiency of operations, calculated as total revenue-generating flight hours divided by the average number of available aircraft[35] Cost Management and Savings - The company expects to achieve $70 million or more in annual run-rate cost savings by Q1 2026, an increase from the original $50 million goal[6] - Adjusted Contribution Margin decreased to 12.7%, down from 14.8% in the prior year, impacted by transitory inefficiencies from fleet migration[6] - Interest expense for Q3 2025 was $23,510,000, a 47% increase from $16,041,000 in Q3 2024[23] - Fleet modernization expenses for Q3 2025 amounted to $8,681 thousand, with total expenses for the nine months reaching $19,463 thousand[57] - Integration and transformation expenses in Q3 2025 were $2,523 thousand, compared to no expenses in Q3 2024[57] Capital and Investments - Wheels Up raised approximately $50 million in equity capital during the quarter to support fleet modernization and general corporate purposes[8] - The company sold three non-core services businesses for $21.5 million, further streamlining operations and focusing on fleet modernization[11] - Cash provided by investing activities was $43,384 for the nine months ended September 30, 2025, compared to $26,058 for the same period in 2024, indicating a 66.7% increase[29] - The company reported a significant impairment charge of $20.2 million related to right-of-use assets for the nine months ended September 30, 2025[47] Membership and Sales - Signature Membership sales represented nearly 20% of total block sales for September and October, indicating strong initial demand[7] - Corporate Membership Fund sales reached a record $62 million, up more than 15% year-over-year, with corporate membership being the fastest-growing segment[7] Asset and Liability Management - Cash and cash equivalents decreased to $125,327,000 as of September 30, 2025, down from $216,426,000 at the end of 2024[27] - Total assets decreased to $973,003,000 as of September 30, 2025, from $1,158,011,000 at the end of 2024[27] - Total liabilities remained relatively stable at $1,347,548,000 as of September 30, 2025, compared to $1,354,239,000 at the end of 2024[27] - The company’s accumulated deficit increased to $2,368,237,000 as of September 30, 2025, from $2,102,895,000 at the end of 2024[27]

Core Insights - Wheels Up Experience Inc. reported a revenue of $185.5 million for Q3 2025, a decrease of 4% year-over-year, primarily due to reduced flight revenue from discontinued membership programs [6][9] - The company achieved total gross bookings of $266.6 million, reflecting a 5% increase year-over-year, driven by a 14% growth in on-demand charter offerings [6][9] - The company is focused on fleet modernization, with the Phenom 300 becoming the largest fleet type in revenue service and the Challenger fleet reaching programmatic scale [4][6] Financial Performance - The net loss for Q3 2025 was $83.7 million, or $(0.12) per share, compared to a net loss of $57.7 million in Q3 2024, representing a 45% increase in losses [6][9][18] - Adjusted EBITDA loss was $23.2 million, while Adjusted EBITDAR loss was $19.7 million, both impacted by transitory fleet inefficiencies [6][9] - The company reported a quarter-end liquidity of $225 million, including $125 million in cash and cash equivalents [6][9] Operational Highlights - Wheels Up achieved a completion rate of 99% and an on-time performance of 89%, marking improvements of 1 percentage point and 4 percentage points year-over-year, respectively [7][9] - The company expects nearly 50% of its premium jet fleet to consist of Phenom and Challenger aircraft by the end of 2025, with a complete fleet transition anticipated by year-end 2026 [7][9] - The successful launch of the Signature Membership program has contributed to strong sales, with nearly 20% of total block sales for September and October coming from this new offering [7][9] Strategic Initiatives - Productivity initiatives are projected to exceed the original goal of $50 million, with expected annual run-rate cost savings of $70 million or more starting in Q1 2026 [6][9] - The company raised approximately $50 million in equity capital during Q3 2025 to support its fleet modernization program and general corporate purposes [7][9] - Wheels Up sold three non-core services businesses for $21.5 million, further streamlining operations and focusing on its fleet modernization strategy [8][9]

Core Insights - Wheels Up Experience Inc. has announced a strategic partnership with AtYourJet and Chef Robert Irvine to enhance the in-flight dining experience for its Signature Members, introducing a digital ordering platform and chef-curated menus [1][3][4] Group 1: Partnership and Offerings - The partnership aims to elevate private jet dining standards, providing complimentary dining options for Wheels Up Signature Members and purchasable options for other flyers [1][2] - Two menu tiers will be available: a Complimentary Menu featuring classic favorites and a Premium A La Carte Menu that will rotate seasonally in ten key markets, with plans for expansion [2][4] Group 2: Culinary Expertise and Innovation - Chef Robert Irvine, a long-time Wheels Up member, brings culinary expertise to the collaboration, ensuring that dishes are designed for seamless transition from kitchen to cabin [3][5] - AtYourJet's digital ordering platform and extensive kitchen network will enhance consistency and quality control, addressing a common pain point in private aviation catering [3][5][6] Group 3: Membership Benefits - The new Wheels Up Signature Membership offers year-round access to a premium fleet, with flexible plan options starting at a $200,000 minimum deposit plus a small monthly fee [4] - Members can choose between the Dynamic Access Plan for flexibility and the Fixed Access Plan for consistent rates, along with access to exclusive events and experiences [4] Group 4: Company Background - Wheels Up is a leading provider of on-demand private aviation in the U.S., offering a diverse fleet and a global network of safety-vetted charter operators [7] - AtYourJet, founded in 2022, focuses on high-quality, locally sourced meals and aims to disrupt the private jet catering market with its digital platform [6][8]

Core Points - Wheels Up Experience Inc. announced an extension of the lock-up restriction for its lead investors' shares until May 22, 2026, affecting approximately 85% of the total outstanding shares [1] - The CEO of Wheels Up expressed confidence in the company's strategy and progress, highlighting the importance of long-term support from investors in scaling operations and enhancing membership offerings [2] Company Overview - Wheels Up is a leading provider of on-demand private aviation in the U.S., offering a diverse fleet and a global network of safety-vetted charter operators [2] - The company provides charter and membership programs, along with commercial travel benefits through a partnership with Delta Air Lines, and also offers cargo services to various clients [2]

Group 1 - Investors are pushing back against high valuations in the stock market as Q2 earnings season concludes [1] - It is suggested that this period presents an opportunity to adopt a "risk-on" approach by investing in lesser-known, underappreciated small- and mid-cap stocks [1] - The analyst has extensive experience in covering technology companies and has been involved with seed-round startups, providing insights into current industry themes [1]

Summary of Wheels Up Conference Call Company Overview - **Company**: Wheels Up - **CEO**: George Maxon - **Industry**: Private Aviation Key Points and Arguments Company Transformation and Strategy - Wheels Up is undergoing a significant transformation, shifting from a membership-centric model to integrating commercial and private aviation solutions [3][5] - The company aims to create a seamless offering for customers by leveraging Delta's customer base, including 45,000 corporate customers and 20 million active SkyMiles members [6][24] - Delta invested in Wheels Up in late 2023 to align with its premium strategy, marking a strategic partnership that enhances both companies' offerings [5][41] Operational Improvements - The company has moved its headquarters to Atlanta to enhance operational excellence, mirroring Delta's operational center [7] - Wheels Up has focused on operational KPIs, achieving a completion rate of 98-99% and on-time performance in the high 80s to 90% [12][13] - The company reported 14 "brand days" in August, indicating days with zero cancellations [20] Fleet Modernization - Wheels Up announced plans to replace its fleet from four jet types to two: the Phenom 300 and the Challenger 350, which are considered best-in-class aircraft [9][10] - The fleet transition aims to improve operational efficiency and customer flexibility, moving away from rigid timeshare models [9][10][22] Financial Performance - The company has stabilized revenue after seven quarters of decline, now running flat quarter-over-quarter [15] - Contribution margins improved from low single digits to mid-high teens, reaching 19% in Q4 [15][16] - The company aims to achieve $50 million in cost savings through operational efficiencies and fleet simplification [46] Corporate Membership Growth - Corporate memberships are the fastest-growing segment, increasing by 25% in Q2, now representing nearly 40% of the customer base [43][44] - The partnership with Delta provides a unique advantage in accessing corporate clients, as Delta is a major airline provider for many of these customers [44] Market Position and Future Outlook - Wheels Up is focused on increasing its market share in private aviation, which currently stands in single digits compared to Delta's 35% in commercial aviation [64] - The company plans to integrate technology and engage with Delta's joint venture partners to expand its reach [66] - Future priorities include driving operational performance, executing the fleet transition, and strengthening the partnership with Delta [63] Additional Important Insights - The company is reeducating the market on private aviation, making it more accessible and understandable for potential customers [30][33] - The membership model has been simplified to focus on quality over quantity, with a monthly fee and non-expiring deposits for flights [56][57] - Wheels Up is positioned to capitalize on the growing trend of private aviation as more individuals seek flexible travel options post-pandemic [5][39]