PREMIER AIR CHARTER HLDGS INC Financials

PREM

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows PREMIER AIR CHARTER HLDGS INC (PREM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 19/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

PREMIER AIR CHARTER HLDGS INC has an operating margin of -5.5%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1.3% the prior year.

Growth

PREMIER AIR CHARTER HLDGS INC's revenue grew a modest 2.8% year-over-year to $20.8M. This slow but positive growth earns a score of 37/100.

Liquidity

PREMIER AIR CHARTER HLDGS INC's current ratio of 0.19 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

PREMIER AIR CHARTER HLDGS INC has a free cash flow margin of 7.7%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Weak

2/9

PREMIER AIR CHARTER HLDGS INC passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-1.41x

For every $1 of reported earnings, PREMIER AIR CHARTER HLDGS INC generates $-1.41 in operating cash flow ($3.1M OCF vs -$2.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.3x

PREMIER AIR CHARTER HLDGS INC earns $-1.3 in operating income for every $1 of interest expense (-$1.2M vs $854K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$20.8M

YoY+2.8%

PREMIER AIR CHARTER HLDGS INC generated $20.8M in revenue in fiscal year 2024. This represents an increase of 2.8% from the prior year.

EBITDA

-$481K

YoY-97.9%

PREMIER AIR CHARTER HLDGS INC's EBITDA was -$481K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 97.9% from the prior year.

Free Cash Flow

$1.6M

YoY+659.7%

PREMIER AIR CHARTER HLDGS INC generated $1.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 659.7% from the prior year.

Net Income

-$2.2M

YoY-1413.0%

PREMIER AIR CHARTER HLDGS INC reported -$2.2M in net income in fiscal year 2024. This represents a decrease of 1413.0% from the prior year.

EPS (Diluted)

$-0.01

PREMIER AIR CHARTER HLDGS INC earned $-0.01 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$76

YoY-99.4%

5Y CAGR-11.0%

10Y CAGR-38.9%

PREMIER AIR CHARTER HLDGS INC held $76 in cash against $3.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

33M

YoY+9.1%

PREMIER AIR CHARTER HLDGS INC had 33M shares outstanding in fiscal year 2024. This represents an increase of 9.1% from the prior year.

Gross Margin

11.5%

YoY-4.1pp

PREMIER AIR CHARTER HLDGS INC's gross margin was 11.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.1 percentage points from the prior year.

Operating Margin

-5.5%

YoY-4.3pp

PREMIER AIR CHARTER HLDGS INC's operating margin was -5.5% in fiscal year 2024, reflecting core business profitability. This is down 4.3 percentage points from the prior year.

Net Margin

-10.6%

YoY-9.8pp

PREMIER AIR CHARTER HLDGS INC's net profit margin was -10.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.5M

YoY+3213.8%

PREMIER AIR CHARTER HLDGS INC invested $1.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 3213.8% from the prior year.

PREM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$20.8M+2.8%	$20.2M	N/A	N/A	N/A	N/A
Cost of Revenue	$18.4M+7.8%	$17.0M	N/A	N/A	N/A	N/A
Gross Profit	$2.4M-24.1%	$3.2M	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.0M+21.4%	$1.6M+842.3%	$174K+1.3%	$172K+4869.7%	$3K-94.9%	$68K
Operating Income	-$1.2M-343.2%	-$260K+87.2%	-$2.0M+81.7%	-$11.1M-321822.9%	-$3K	N/A
Interest Expense	$854K+582.4%	$125K-77.8%	$565K+231.5%	$170K+9343.9%	$2K-11.7%	$2K
Income Tax	$0	$0	N/A	N/A	N/A	N/A
Net Income	-$2.2M-1413.0%	-$145K+94.1%	-$2.5M+79.4%	-$12.0M-228106.3%	-$5K+92.5%	-$70K
EPS (Diluted)	$-0.01	$0.00	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q1'23	Q1'22	Q3'23	Q1'21
Revenue	$7.1M-4.8%	$7.4M+26.4%	$5.9M+7.7%	$5.5M	N/A	N/A	N/A	N/A
Cost of Revenue	$7.5M+4.4%	$7.2M+25.8%	$5.7M+32.7%	$4.3M	N/A	N/A	N/A	N/A
Gross Profit	-$449K-302.8%	$221K+51.1%	$147K-87.1%	$1.1M	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$621K+6.9%	$581K-8.3%	$634K+3816.2%	$16K	N/A	N/A	$38K	N/A
Operating Income	-$1.5M-80.4%	-$824K+3.7%	-$856K-2936.8%	-$28K	N/A	N/A	-$100K	N/A
Interest Expense	$334K+8.5%	$308K+0.5%	$307K+10513.6%	$3K	N/A	N/A	$290K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.8M-80.5%	-$1000K+18.3%	-$1.2M-3838.9%	-$31K	N/A	N/A	-$403K	N/A
EPS (Diluted)	$-0.01	$0.00	$0.00	$-0.01	N/A	N/A	N/A	N/A

PREM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$27.8M+299.8%	$6.9M+2286.0%	$291K+25.3%	$232K+12690.9%	$2K-20.4%	$2K
Current Assets	$997K+8.6%	$918K+215.6%	$291K+120.1%	$132K+7181.3%	$2K-20.4%	$2K
Cash & Equivalents	$76-99.4%	$13K-39.8%	$21K-82.9%	$122K+469726.9%	$26-80.9%	$136
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$122K-60.8%	$311K	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$29.3M+437.2%	$5.5M+1880.9%	$275K-55.0%	$612K+1001.8%	$56K+9.4%	$51K
Current Liabilities	$5.4M+149.6%	$2.1M+679.5%	$275K-4.0%	$287K+416.5%	$56K+9.4%	$51K
Long-Term Debt	$3.7M+4381.7%	$82K	N/A	N/A	N/A	N/A
Total Equity	-$1.6M-205.1%	$1.5M+9508.5%	$15K+104.1%	-$380K-606.8%	-$54K-10.8%	-$48K
Retained Earnings	-$1.8M-247.4%	$1.2M+108.1%	-$15.4M-19.2%	-$12.9M-1331.0%	-$901K-0.6%	-$896K

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q1'23	Q1'22	Q3'23	Q1'21
Total Assets	$29.1M+1.6%	$28.7M+2.2%	$28.0M+1.0%	$27.8M+75155.7%	$37K-87.3%	$291K+246.3%	$84K-63.8%	$232K
Current Assets	$810K-3.8%	$842K-0.3%	$845K-15.3%	$997K+2603.9%	$37K-87.3%	$291K+3127.0%	$9K-93.2%	$132K
Cash & Equivalents	$64K+8.3%	$59K-59.6%	$147K+192781.6%	$76-99.7%	$29K+38.2%	$21K+132.0%	$9K-92.6%	$122K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$385K+47.0%	$262K+54.1%	$170K+39.7%	$122K	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.2M-13.0%	$32.4M+5.2%	$30.8M+5.1%	$29.3M+15911.7%	$183K-33.5%	$275K+45.5%	$189K-69.0%	$612K
Current Liabilities	$13.1M+35.3%	$9.7M+28.6%	$7.5M+40.1%	$5.4M+2827.1%	$183K-33.5%	$275K+45.5%	$189K-34.0%	$287K
Long-Term Debt	$0-100.0%	$3.6M-1.8%	$3.7M0.0%	$3.7M	N/A	N/A	N/A	N/A
Total Equity	$873K+123.1%	-$3.8M-35.9%	-$2.8M-78.4%	-$1.6M-967.1%	-$146K-1046.2%	$15K+114.7%	-$105K+72.2%	-$380K
Retained Earnings	-$5.9M-44.0%	-$4.1M-32.2%	-$3.1M-68.9%	-$1.8M+89.3%	-$17.1M-11.4%	-$15.4M-1.7%	-$15.1M-17.2%	-$12.9M

PREM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.1M+1111.1%	$255K+164.4%	-$396K-15.7%	-$342K-311137.3%	-$110+99.9%	-$85K
Capital Expenditures	$1.5M+3213.8%	$45K	N/A	N/A	N/A	N/A
Free Cash Flow	$1.6M+659.7%	$210K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$929K-1959.9%	-$45K	N/A	-$75K	N/A	N/A
Financing Cash Flow	-$2.1M-174.5%	-$752K-355.1%	$295K-45.3%	$539K	N/A	$85K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q1'23	Q1'22	Q3'23	Q1'21
Operating Cash Flow	-$1.7M-242.7%	$1.2M+21.8%	$995K+7.1%	$929K+3589.0%	-$27K+34.4%	-$41K+28.6%	-$57K+75.6%	-$233K
Capital Expenditures	$630K-12.9%	$723K+4.6%	$691K+90.7%	$362K	N/A	N/A	N/A	N/A
Free Cash Flow	-$2.4M-582.6%	$489K+60.8%	$304K-46.4%	$566K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.0M+8.0%	-$1.1M-14.8%	-$972K-51.5%	-$641K	N/A	N/A	N/A	-$45K
Financing Cash Flow	$2.8M+1603.5%	-$184K-80.1%	-$102K+77.0%	-$443K-1575.3%	$30K-42.9%	$53K+40.0%	$38K-81.3%	$200K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PREM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	11.5%-4.1pp	15.6%	N/A	N/A	N/A	N/A
Operating Margin	-5.5%-4.3pp	-1.3%	N/A	N/A	N/A	N/A
Net Margin	-10.6%-9.8pp	-0.7%	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-7.9%-5.8pp	-2.1%+847.1pp	-849.2%+4317.4pp	-5166.6%-4877.0pp	-289.6%+2782.0pp	-3071.6%
Current Ratio	0.19-0.2	0.43-0.6	1.06+0.6	0.46+0.4	0.03-0.0	0.04
Debt-to-Equity	-2.35-2.4	0.06-17.8	17.83+19.4	-1.61-0.6	-1.03+0.0	-1.05
FCF Margin	7.7%+6.7pp	1.0%	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q1'23	Q1'22	Q3'23	Q1'21
Gross Margin	-6.3%-9.3pp	3.0%+0.5pp	2.5%-18.4pp	20.8%	N/A	N/A	N/A	N/A
Operating Margin	-21.0%-9.9pp	-11.1%+3.5pp	-14.6%-14.0pp	-0.5%	N/A	N/A	N/A	N/A
Net Margin	-25.5%-12.1pp	-13.5%+7.4pp	-20.8%-20.3pp	-0.6%	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	3.4%-2.4pp	5.8%	N/A	N/A	N/A	N/A
Return on Assets	-6.2%-2.7pp	-3.5%+0.9pp	-4.4%-4.3pp	-0.1%	N/A	N/A	-479.5%	N/A
Current Ratio	0.06-0.0	0.09-0.0	0.11-0.1	0.19-0.0	0.20-0.9	1.06+1.0	0.05-0.4	0.46
Debt-to-Equity	0.00+1.0	-0.95+0.4	-1.32+1.0	-2.35-1.1	-1.25-19.1	17.83+19.6	-1.80-0.2	-1.61
FCF Margin	-33.3%-39.9pp	6.6%+1.4pp	5.2%-5.2pp	10.4%	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is PREMIER AIR CHARTER HLDGS INC's annual revenue?

PREMIER AIR CHARTER HLDGS INC (PREM) reported $20.8M in total revenue for fiscal year 2024. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PREMIER AIR CHARTER HLDGS INC's revenue growing?

PREMIER AIR CHARTER HLDGS INC (PREM) revenue grew by 2.8% year-over-year, from $20.2M to $20.8M in fiscal year 2024.

Is PREMIER AIR CHARTER HLDGS INC profitable?

No, PREMIER AIR CHARTER HLDGS INC (PREM) reported a net income of -$2.2M in fiscal year 2024, with a net profit margin of -10.6%.

What is PREMIER AIR CHARTER HLDGS INC's earnings per share (EPS)?

PREMIER AIR CHARTER HLDGS INC (PREM) reported diluted earnings per share of $-0.01 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is PREMIER AIR CHARTER HLDGS INC's EBITDA?

PREMIER AIR CHARTER HLDGS INC (PREM) had EBITDA of -$481K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does PREMIER AIR CHARTER HLDGS INC have?

As of fiscal year 2024, PREMIER AIR CHARTER HLDGS INC (PREM) had $76 in cash and equivalents against $3.7M in long-term debt.

What is PREMIER AIR CHARTER HLDGS INC's gross margin?

PREMIER AIR CHARTER HLDGS INC (PREM) had a gross margin of 11.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is PREMIER AIR CHARTER HLDGS INC's operating margin?

PREMIER AIR CHARTER HLDGS INC (PREM) had an operating margin of -5.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is PREMIER AIR CHARTER HLDGS INC's net profit margin?

PREMIER AIR CHARTER HLDGS INC (PREM) had a net profit margin of -10.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is PREMIER AIR CHARTER HLDGS INC's free cash flow?

PREMIER AIR CHARTER HLDGS INC (PREM) generated $1.6M in free cash flow during fiscal year 2024. This represents a 659.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is PREMIER AIR CHARTER HLDGS INC's operating cash flow?

PREMIER AIR CHARTER HLDGS INC (PREM) generated $3.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are PREMIER AIR CHARTER HLDGS INC's total assets?

PREMIER AIR CHARTER HLDGS INC (PREM) had $27.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are PREMIER AIR CHARTER HLDGS INC's capital expenditures?

PREMIER AIR CHARTER HLDGS INC (PREM) invested $1.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does PREMIER AIR CHARTER HLDGS INC have outstanding?

PREMIER AIR CHARTER HLDGS INC (PREM) had 33M shares outstanding as of fiscal year 2024.

What is PREMIER AIR CHARTER HLDGS INC's current ratio?

PREMIER AIR CHARTER HLDGS INC (PREM) had a current ratio of 0.19 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is PREMIER AIR CHARTER HLDGS INC's debt-to-equity ratio?

PREMIER AIR CHARTER HLDGS INC (PREM) had a debt-to-equity ratio of -2.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PREMIER AIR CHARTER HLDGS INC's return on assets (ROA)?

PREMIER AIR CHARTER HLDGS INC (PREM) had a return on assets of -7.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is PREMIER AIR CHARTER HLDGS INC's debt-to-equity ratio negative or unusual?

PREMIER AIR CHARTER HLDGS INC (PREM) has negative shareholder equity of -$1.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is PREMIER AIR CHARTER HLDGS INC's Piotroski F-Score?

PREMIER AIR CHARTER HLDGS INC (PREM) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PREMIER AIR CHARTER HLDGS INC's earnings high quality?

PREMIER AIR CHARTER HLDGS INC (PREM) has an earnings quality ratio of -1.41x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can PREMIER AIR CHARTER HLDGS INC cover its interest payments?

PREMIER AIR CHARTER HLDGS INC (PREM) has an interest coverage ratio of -1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is PREMIER AIR CHARTER HLDGS INC?

PREMIER AIR CHARTER HLDGS INC (PREM) scores 19 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.