Saker Aviation Services, Inc. (SKAS) Form 10-Q — May 15, 2026
Saker Aviation Services reported a net loss of $223,227 for the quarter ended March 31, 2026, driven by the cessation of its primary heliport operations. Revenue collapsed to $15,000 from $1.26 million in the prior year as the company vacated the Downtown Manhattan Heliport in March 2025 following the award of the concession to competitor Skyport. The company disclosed a material weakness in internal controls related to governance and staffing, citing the absence of an audit committee and limited segregation of duties.
Key figures
- Revenue
- 15000
- Total Debt
- 0
- Total Assets
- 8958569
- Cash Position
- 4539940
- Investments
- 3723657
- Sga expense
- 296449
- Interest income
- 79303
- Working capital
- 8509684
- Shares outstanding
- 1010514
Price after filing
Close on the filing date to close N calendar days later (from $6.50). Historical, not a forecast.
AI analysis
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