Saker Aviation Services Inc. (“we”, “us”, “our”) is a Nevada corporation. Our common stock, $0.03 par value per share (the “common stock”), is quoted on the OTCQB Marketplace (“OTCQB”) under the symbol “SKAS”. Through our subsidiaries, we operate in the aviation services segment of the general aviation industry, in which we serve as the operator of a heliport, a fixed base operation (“FBO”), a provider of aircraft maintenance and repair services (“MRO”), and as a consultant for a seaplane base that we do not own. FBOs provide ground-based services, such as fueling and aircraft storage for general aviation, commercial and military aircraft, and other miscellaneous services.
Company profile
Ticker
SKAS
Exchange
Website
CEO
Ronald J. Ricciardi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FBO AIR, INC., FirstFlight, Inc., SHADOWS BEND DEVELOPMENT INC
SEC CIK
Corporate docs
Subsidiaries
FirstFlight Heliports, LLC • FBO Air Garden City, Inc. ...
IRS number
870617649
SKAS stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
19 Dec 23
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
Entry into a Material Definitive Agreement
4 May 23
10-K
2022 FY
Annual report
17 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Completion of Acquisition or Disposition of Assets
2 Nov 22
Latest ownership filings
SC 13G
ERIKSEN CAPITAL MANAGEMENT LLC
10 Jan 24
SC 13D/A
WACHTEL WILLIAM B
21 Dec 23
SC 13D/A
Chodock Marc
4 Dec 23
4
WILLIAM B WACHTEL
1 Dec 23
4
Roy Moskowitz
1 Dec 23
4
Samuel D. Goldstein
1 Dec 23
4
Marc Chodock
1 Dec 23
4
Marc Chodock
28 Nov 23
4
Roy Moskowitz
28 Nov 23
SC 13D/A
Desai Ravi Ramesh
15 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.16 mm | 6.16 mm | 6.16 mm | 6.16 mm | 6.16 mm | 6.16 mm |
Cash burn (monthly) | 170.09 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.01 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 5.15 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 30.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Dec 23 | Chodock Marc | Stock Option Common Stock | Grant | Acquire A | Yes | No | 7.52 | 3,333 | 25.06 k | 3,333 |
1 Dec 23 | Roy Moskowitz | Stock Option Common Stock | Grant | Acquire A | No | No | 7.52 | 3,333 | 25.06 k | 3,333 |
1 Dec 23 | Samuel D. Goldstein | Stock Option Common Stock | Grant | Acquire A | No | No | 7.52 | 3,333 | 25.06 k | 3,333 |
1 Dec 23 | William B Wachtel | Stock Option Common Stock | Grant | Acquire A | No | No | 7.52 | 3,333 | 25.06 k | 3,333 |
30 Nov 23 | Samuel D. Goldstein | Common Stock | Payment of exercise | Dispose F | No | No | 7.59 | 1,054 | 8.00 k | 2,279 |
30 Nov 23 | Samuel D. Goldstein | Common Stock | Option exercise | Acquire M | No | No | 2.4 | 3,333 | 8.00 k | 3,333 |
30 Nov 23 | Samuel D. Goldstein | Stock Option Common Stock | Option exercise | Dispose M | No | No | 2.4 | 3,333 | 8.00 k | 0 |
30 Nov 23 | William B Wachtel | Common Stock | Payment of exercise | Dispose F | No | No | 7.59 | 1,054 | 8.00 k | 147,842 |
30 Nov 23 | William B Wachtel | Common Stock | Option exercise | Acquire M | No | No | 2.4 | 3,333 | 8.00 k | 148,896 |
30 Nov 23 | William B Wachtel | Stock Option Common Stock | Option exercise | Dispose M | No | No | 2.4 | 3,333 | 8.00 k | 0 |