NASDAQ$ASLE

AerSale Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

AerSale experienced increased revenue driven by flight equipment sales but reported a net loss due to non-cash expenses.

AerSale reported a revenue increase to $73.3 million, driven by flight equipment sales, but had a GAAP net loss of $1.6 million due to non-cash equity compensation and mark-to-market costs. Adjusted Net Income was $9.2 million and Adjusted EBITDA was $13.9 million.

  • Revenue increased to $73.3 million.
  • GAAP net loss was $1.6 million, while Adjusted Net Income reached $9.2 million.
  • Adjusted EBITDA was $13.9 million, representing 18.9% of revenues.
  • Company updated 2021 guidance, projecting revenue of $320 - $340 million and adjusted EBITDA of $80 - $90 million.

Headline financials

Total Revenue

$73.3M

Previous: $57.1M+28.4%
EPS (adj)

$0.22

Previous: $397.70-99.9%
Adjusted EBITDA

$13.9M

Previous: $25.6M-45.7%
Capital Expenditures

-$1.06M

Previous: $673K-257.5%
Free Cash Flow

-$2.7M

Previous: -$762K-253.7%
Net Income

-$1.64M

Previous: $14.7M-111.1%
Operating Income

$1.83M

Previous: $19.3M-90.5%
Gross Profit

$24.6M

Previous: $26.5M-7.1%
Cash & Equivalents

$61.9M

Previous: $96.3K+64136.5%
Total Assets

$440M

Previous: $177M+148.2%
Stock-Based Comp

$8.75M

No prior period

Revenue & EPS history

AerSale · Revenue · Quarterly

$73.3M

Q3 2021+28.4%vs Q3 2020
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

AerSale · $49.4M total across 2 segments · Q4 2020

  • Technical Operations
    $32M
  • Asset Management Solutions
    $17.4M-82.3%

Forward guidance

AerSale expects revenue of $320–$340 million and adjusted EBITDA of $80-$90 million in 2021.

Tailwinds

  • Improvement in the AMS segment
  • Ongoing demand for on-airport MRO services
  • Accelerating demand in cargo and E-Commerce markets
  • Increased requests for passenger-to-freighter conversions
  • Increased contribution from demand for its AerSafe product

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-4.0%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-2.1%

Avg return

30 days after

43%

12 / 28 earnings

Positive

+16.5%

Q4 2024

Best reaction

-24.5%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.9%-12.0%-13.5%
Q4 2025-11.7%-12.0%-15.7%
Q3 2025-11.9%-14.4%-5.2%
Q1 2025-12.7%-13.4%-17.2%
Q4 2024+16.5%+15.6%-4.0%
Q3 2024-7.7%-5.4%+4.0%
Q2 2024-9.7%-12.5%-14.9%
Q1 2024+10.0%+4.7%-6.4%
Q4 2023-24.0%-22.0%-23.0%
Q3 2023-13.1%-12.4%-3.4%
Q2 2023-24.5%-24.1%+7.7%
Q1 2023-4.0%-4.4%-7.4%
Q4 2022-15.1%-19.7%-19.2%
Q3 2022-7.3%-4.8%-15.0%
Q2 2022+11.2%+13.0%+18.9%
Q1 2022-2.0%-1.4%+4.6%
Q4 2021+2.5%+11.0%+6.2%
Q3 2021-19.2%-17.6%-16.8%
Q2 2021+4.1%+18.8%+22.7%
Q1 2021-2.0%-3.5%-2.3%
Q4 2020+16.3%+25.5%+25.4%
Q3 2020+2.1%+8.2%+17.9%
Q2 2020+0.7%-0.3%-0.6%
Q1 2020+0.0%+0.0%+1.4%
Q4 2019+0.2%+0.0%-1.0%
Q4 2018+0.2%+0.0%-1.0%
Q2 2019-0.7%-1.0%-1.4%
Q1 2019+0.0%+0.2%+0.3%

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