Saker Aviation Services, Inc. (SKAS) — SEC Filings
Saker Aviation Services, Inc. (SKAS) — 16 SEC filings. Latest: 10-Q/A (Nov 7, 2025). Includes 6 10-Q, 6 8-K, 2 10-K.
View Saker Aviation Services, Inc. on SEC EDGAR
Overview
Saker Aviation Services, Inc. (SKAS) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q/A filed on Nov 7, 2025: Saker Aviation Services, Inc. (SKAS) reported a significant decline in financial performance for the nine months ended September 30, 2025, primarily due to the termination of its concession agreement for the Downtown Manhattan Heliport. Revenue plummeted to $1,260,756 for the nine months ended Septe
Sentiment Summary
Across 16 filings, the sentiment breakdown is: 3 bearish, 13 neutral. The dominant filing sentiment for Saker Aviation Services, Inc. is neutral.
Filing Type Overview
Saker Aviation Services, Inc. (SKAS) has filed 1 10-Q/A, 6 10-Q, 6 8-K, 2 10-K, 1 SC 13G with the SEC between Jan 2024 to Nov 2025.
Filings by Year
Recent SEC Filings (16)
Risk Profile
Risk Assessment: Of SKAS's 15 recent filings, 3 were flagged as high-risk, 9 as medium-risk, and 3 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $1,260,756 |
| Net Income | $(944,870) |
| Cash Position | $4,790,773 |
Key Executives
- Brian Tolbert
- William B. Wachtel
- John P. Pappas
- David M. Smith
- Martin P. Gallagher
- Michael J. McHugh
- David J. Smith
- Michael J. Smith
- Robert J. Brinckerhoff
- Michael J. Grace
Industry Context
The aviation services industry, particularly heliport operations in major urban centers, is highly dependent on specific contracts and concessions. Competition can be intense, and regulatory environments are often stringent. The recent cessation of operations at the Downtown Manhattan Heliport highlights the vulnerability of businesses reliant on single, high-value contracts.
Top Tags
10-Q (4) · Aviation Services (3) · Concession Agreement (3) · Net Loss (3) · Heliport Operations (2) · Revenue Decline (2) · Small Cap (2) · Liquidity (2) · aviation (2) · 10-K (2)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Revenue for Q3 2025 | $0 | Represents complete cessation of operations at the Downtown Manhattan Heliport, down from $2,505,488 in Q3 2024. |
| Revenue for nine months ended Sep 30, 2025 | $1,260,756 | Significant decrease from $6,466,973 in the prior year, reflecting the loss of the heliport concession. |
| Net loss for nine months ended Sep 30, 2025 | $(944,870) | Shift from a net income of $736,868 in the same period of 2024, driven by revenue loss. |
| Cash and cash equivalents as of Sep 30, 2025 | $4,790,773 | Decreased from $5,298,722 at December 31, 2024, indicating cash burn from operating activities. |
| Total stockholders' equity as of Sep 30, 2025 | $8,812,218 | Reduced from $9,675,796 at December 31, 2024, reflecting the net loss. |
| Net cash used in operating activities for nine months ended Sep 30, 2025 | $(423,345) | Indicates ongoing cash outflow despite cessation of primary operations. |
| Write-off of relinquished assets | $104,339 | Incurred in Q1 2025 due to vacating the Downtown Manhattan Heliport. |
| Covenant Not To Compete payments | $276,923 | Total payments over 18 months starting April 2025 to Brian Tolbert. |
| Shares of common stock outstanding as of Nov 7, 2025 | 997,182 | Reflects a slight increase from 995,939 shares at Dec 31, 2024. |
| Stock-based compensation for nine months ended Sep 30, 2025 | $81,292 | Consistent expense, slightly up from $76,081 in the prior year. |
| Revenue for nine months ended Sept 30, 2025 | $1,260,756 | Decreased 80.5% from $6,466,973 in 2024 due to heliport termination. |
| Net loss for nine months ended Sept 30, 2025 | $(944,870) | Reversed from a net income of $736,868 in 2024. |
| Revenue for three months ended Sept 30, 2025 | $0 | Indicates complete cessation of operations after March 29, 2025. |
| Operating loss for nine months ended Sept 30, 2025 | $(1,129,323) | Worsened from an operating income of $1,900,270 in 2024. |
| Cash and cash equivalents as of Sept 30, 2025 | $4,790,773 | Represents available liquidity after a $507,949 decrease from Dec 31, 2024. |
Frequently Asked Questions
What are the latest SEC filings for Saker Aviation Services, Inc. (SKAS)?
Saker Aviation Services, Inc. has 16 recent SEC filings from Jan 2024 to Nov 2025, including 6 10-Q, 6 8-K, 2 10-K. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of SKAS filings?
Across 16 filings, the sentiment breakdown is: 3 bearish, 13 neutral. The dominant sentiment is neutral.
Where can I find Saker Aviation Services, Inc. SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Saker Aviation Services, Inc. (SKAS) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Saker Aviation Services, Inc.?
Key financial highlights from Saker Aviation Services, Inc.'s most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for SKAS?
The investment thesis for SKAS includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Saker Aviation Services, Inc.?
Key executives identified across Saker Aviation Services, Inc.'s filings include Brian Tolbert, William B. Wachtel, John P. Pappas, David M. Smith, Martin P. Gallagher and 5 others.
What are the main risk factors for Saker Aviation Services, Inc. stock?
Of SKAS's 15 assessed filings, 3 were flagged high-risk, 9 medium-risk, and 3 low-risk.
What are recent predictions and forward guidance from Saker Aviation Services, Inc.?
Forward guidance and predictions for Saker Aviation Services, Inc. are extracted from SEC filings as they are enriched.