Premier Air Charter Holdings Inc. (PREM) Form 10-Q — May 15, 2026
Premier Air Charter Holdings Inc. reported a net loss of $1.16 million for the quarter ended March 31, 2026, despite a 20% year-over-year revenue increase to $7.2 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing reliance on related-party financial support and limited working capital. The filing reveals significant governance and liquidity risks, including a disclosure that internal controls are not effective and the existence of a high-interest loan at 90.67% per annum.
Key figures
- Eps
- 0
- Revenue
- 7203459
- Total Debt
- 35965309
- Revenue Yoy
- 20.1%
- Cash Position
- 288412
- Shares Outstanding
- 280848293
- Interest Expense
- 435178
- Related Party Debt
- 4357697
- Operating Cash Flow
- 892822
- Accounts Receivable
- 3467396
- High Interest Loan Rate
- 90.67%
Price after filing
Close on the filing date to close N calendar days later (from $0.07). Historical, not a forecast.
AI analysis
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