Sky Harbour , a company specializing in airport infrastructure, reported a strong start to 2024 in its first-quarter earnings call. The company announced increased revenues, with expectations for further growth in the second quarter as their three campuses are fully leased.
No current plans for the warrants, but they are viewed as a way for investors to take a long position on the company. The company's revenue growth is particularly impressive, with a substantial increase of 247.24% over the last twelve months as of Q1 2024. This aligns with the company's report of increased revenues and full leasing of its three campuses. The high Price / Book multiple of 15.58 suggests that investors are willing to pay a premium for Sky Harbour's shares, possibly due to the company's unique position in the airport infrastructure market and its first-mover advantage.
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