- Entry
- $0.07
- Final
- $0.047775 -31.8%
- Target
- —
- Score
- +1.00
Premier Air Charter Holdings filed a 10-Q on May 15 with going-concern language. The filing states substantial doubt about the company's ability to continue operating, citing global economic conditions and market volatility. The balance sheet: \- Revenue: $7.2M \- Gross profit: $537K \- Accounts receivable: $3.5M \- Cash: $288K \- Debt: $3.85M Cash position is 7.5% of total debt and roughly equal to one month of operating expenses. The accounts receivable to cash ratio (12x) suggests collections are stretched. The …
— ORIGINAL POST ·
Premier Air Charter (PREM) discloses going-concern doubt in 10-Q $288K cash, $3.85M debt, while jet fuel costs rising
· r/pennystocks
· May 17, 2026