SkyHarbour(US:SKYH)2025-11-12 21:19Financial Performance - Q3 2025 consolidated revenues increased 78.2% compared to Q3 2024, reaching a total of approximately $X million[4] - Net cash generated from operating activities reached approximately $4.2 million in Q3 2025, a 92.2% increase from the prior quarter[8] - Constructed assets and construction in progress reached over $308 million at quarter-end, an increase of $108 million year-over-year[4] Liquidity and Financial Guidance - The company has a strong liquidity position with consolidated cash and US Treasuries totaling $47.9 million as of September 30, 2025[4] - The company reiterates guidance to reach operating cash-flow breakeven on a consolidated run-rate basis by year-end 2025[4] Operational Expansion - Miami Opa Locka (OPF) Phase 2 is expected to be completed by Q2 2026, adding 111,720 rentable square feet to the portfolio[9] - As of Q3, the company is conducting flight operations at nine airports, with Dallas Addison (ADS) Phase 1 and Phoenix Deer Valley (DVT) Phase 1 surpassing 50% occupancy[12] - The company expects to add four additional airports by the end of 2025, totaling 23 airports in operation or development[8] Strategic Partnerships and Financing - The company has executed a binding Letter of Intent with a JV Partner for a $30.75 million cash payment to lease a hangar at Miami OPF Phase 2[12] - The company is exploring financing options to minimize the cost of capital, including the potential issuance of $75-100 million in additional tax-exempt Put bonds[12]