Flyte Aviation, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 14, 2025
VTAK$0.15-0.7%Stored close · as of Oct 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $143 | $82 |
| Cost of revenues | 11 | 5 |
| Gross profit | 132 | 77 |
| Operating expenses | ||
| Selling, general and administrative | 3,485 | 2,656 |
| Research and development | 103 | 37 |
| Acquired in-process research and development | 119 | — |
| Total operating expenses | 3,707 | 2,693 |
| Operating loss | (3,575) | (2,616) |
| Other expense, net | ||
| Interest income | 18 | 33 |
| Interest expense | (49) | (3) |
| Other expense, net | — | (3) |
| Change in fair value of royalties payable due to related parties | (1,163) | (86) |
| Total other expense, net | (1,194) | (59) |
| Loss from operations before income taxes | (4,769) | (2,675) |
| Income tax benefit | (724) | — |
| Net loss | $(4,045) | $(2,675) |
| Net loss per share, basic and diluted | $(0.36) | $(3.60) |
| Weighted-average common shares used in computing net loss per share, basic and diluted | 11,283,929 | 742,920 |
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