Company research
Flyte Aviation, Inc.
CIK 1716621Updated Oct 14, 2026
SecurityVJET · NYSE_AMERICAN · equity
Historical securities (1)
VTAK · NYSE_AMERICAN · equity · closed Oct 2, 2026Name history
Catheter Precision, Inc. · through Oct 2, 2026Ra Medical Systems, Inc. · through Aug 15, 2023
VJET price & chart
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Seeking Alpha
Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Unregistered Sales of Equity Securities · Other Events
Items 3.02, 8.01, 9.01
Regulation FD Disclosure · Other Events
Items 7.01, 8.01, 9.01
Material Modification to Rights of Security Holders · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders · Other Events
Items 3.03, 5.02, 5.03, 5.07, 8.01, 9.01
Other Events
Items 8.01, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 15,860,000Source | 27,770,000Source | 30,736,000Source | 16,836,000Source |
| Property, Plant and Equipment, NetUSD | 64,000Source | 91,000Source | 70,000Source | 0Source |
| GoodwillUSD | — | — | 0Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 88,000Source | 2,873,000Source | — | 15,859,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 155,000Source | 70,000Source | 137,000Source | — |
| Inventory, NetUSD | 86,000Source | 33,000Source | 44,000Source | — |
| Assets, CurrentUSD | 390,000Source | 3,292,000Source | 4,161,000Source | 16,836,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 61,000Source | 316,000Source | 415,000Source | 977,000Source |
| Operating Lease, Right-of-Use AssetUSD | 162,000Source | 105,000Source | 179,000Source | — |
| Other Assets, NoncurrentUSD | 8,000Source | 8,000Source | 8,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,209,000Source | 16,013,000Source | 9,543,000Source | 7,576,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 1,000Source | — |
| Additional Paid in CapitalUSD | 316,589,000Source | 304,109,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -309,535,000Source | -292,352,000Source | -275,709,000Source | -205,137,000Source |
| Stockholders' Equity Attributable to ParentUSD | 7,054,000Source | 11,757,000Source | 21,193,000Source | 9,260,000Source |
| Additional Paid in Capital, Common StockUSD | — | — | 296,901,000Source | 214,397,000Source |
| Liabilities and EquityUSD | 15,860,000Source | 27,770,000Source | 30,736,000Source | 16,836,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,907,000Source | 2,085,000Source | 2,472,000Source | 7,576,000Source |
| Operating Lease, Liability, CurrentUSD | 63,000Source | 98,000Source | 91,000Source | — |
| Accounts Payable, CurrentUSD | 1,492,000Source | 230,000Source | 464,000Source | 92,000Source |
| Operating Lease, Liability, NoncurrentUSD | 101,000Source | 13,000Source | 97,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 1,331,000Source | 3,141,000Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -403,000Source | — | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 137,000Source | — |
| Accrued Liabilities, CurrentUSD | 1,697,000Source | 1,548,000Source | 1,733,000Source | 7,484,000Source |
| Deferred Tax Liabilities, NetUSD | 1,331,000Source | 3,141,000Source | — | — |
| Long-term DebtUSD | 3,078,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -17,695,000Source | — | — | -26,865,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 2,115,000Source | 2,109,000Source | 2,075,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 338,000Source | 54,000Source | 1,217,000Source | 447,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 85,000Source | -67,000Source | -66,000Source | — |
| Increase (Decrease) in InventoriesUSD | 78,000Source | 8,000Source | 8,000Source | 14,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,156,000Source | -234,000Source | -550,000Source | -879,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,810,000Source | 3,141,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,296,000Source | -9,271,000Source | -20,619,000Source | -22,568,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 167,000Source | -67,000Source | -61,000Source | 21,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 17,000Source | 67,000Source | 76,000Source | 17,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 5,344,000Source | 8,646,000Source | 8,386,000Source | 23,361,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,785,000Source | -692,000Source | — | 814,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 3,565,000Source | 15,859,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,000Source | 31,000Source | 204,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 338,000Source | — | 1,217,000Source | 447,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 45,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 2,000,000Source | 2,000,000Source | 2,000,000Source | — |
| Debt Securities, Trading, Gain (Loss)USD | -564,000Source | — | — | — |
| DepreciationUSD | 72,000Source | 65,000Source | 32,000Source | 200,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | 0Source | -44,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -3,260,000Source | — | — | — |
| GoodwillUSD | — | — | 0Source | — |
| Goodwill, Impairment LossUSD | — | 0Source | 60,934,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 6,995,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 6,995,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -26,865,000Source |
| Income Tax Expense (Benefit)USD | -1,810,000Source | 3,141,000Source | 0Source | 3,000Source |
| Inventory Write-downUSD | 0Source | 0Source | — | 1,000,000Source |
| Investment Income, InterestUSD | 34,000Source | 81,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -17,183,000Source | -16,643,000Source | -70,572,000Source | -26,865,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -512,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -17,183,000Source | -21,801,000Source | — | — |
| Nonoperating Income (Expense)USD | 1,638,000Source | -2,259,000Source | 7,547,000Source | 99,000Source |
| Operating ExpensesUSD | 21,899,000Source | 11,621,000Source | 78,531,000Source | 26,814,000Source |
| Operating Lease, ExpenseUSD | 104,000Source | 108,000Source | 94,000Source | 400,000Source |
| Other Nonoperating Income (Expense)USD | -2,000Source | -10,000Source | -8,000Source | 99,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 238,000Source | — |
| Restructuring CostsUSD | — | — | 0Source | — |
| Restructuring Costs and Asset Impairment ChargesUSD | — | — | — | 4,172,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 819,000Source | 420,000Source | 442,000Source | 14,000Source |
| Cost of RevenueUSD | 63,000Source | 42,000Source | 30,000Source | 161,000Source |
| Selling, General and Administrative ExpenseUSD | 12,075,000Source | 11,349,000Source | 17,122,000Source | 16,250,000Source |
| Operating Income (Loss)USD | -21,143,000Source | -11,243,000Source | -78,119,000Source | -26,961,000Source |
| Other Nonoperating Income (Expense)USD | -2,000Source | -10,000Source | -8,000Source | 99,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -19,505,000Source | -13,502,000Source | -70,572,000Source | -26,862,000Source |
| Income Tax Expense (Benefit)USD | -1,810,000Source | 3,141,000Source | 0Source | 3,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -512,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -17,183,000Source | -16,643,000Source | -70,572,000Source | -26,865,000Source |
| Earnings Per Share, BasicUSD per share | -15.9Source | -6.68Source | — | -25.98Source |
| Earnings Per Share, DilutedUSD per share | — | — | — | -25.98Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,080,617Source | 3,263,586Source | — | 1,034,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | 1,034,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,000,000Source | 2,000,000Source | 2,000,000Source | — |
| Debt Securities, Trading, Gain (Loss)USD | -564,000Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 2,075,000Source | 421,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 60,934,000Source | — |
| Gross ProfitUSD | 756,000Source | 378,000Source | 412,000Source | -147,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -26,865,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | — | -25.98Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | — | -25.98Source |
| Interest Income, OtherUSD | — | — | 347,000Source | — |
| Investment Income, InterestUSD | 34,000Source | 81,000Source | — | — |
| Marketing and Advertising ExpenseUSD | — | — | 95,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -17,183,000Source | -21,801,000Source | — | — |
| Nonoperating Income (Expense)USD | 1,638,000Source | -2,259,000Source | 7,547,000Source | 99,000Source |
| Operating ExpensesUSD | 21,899,000Source | 11,621,000Source | 78,531,000Source | 26,814,000Source |
| Operating Lease, ExpenseUSD | 104,000Source | 108,000Source | 94,000Source | 400,000Source |
| Other Cost of Operating RevenueUSD | — | — | 0Source | — |
| Research and Development ExpenseUSD | — | 272,000Source | 475,000Source | 6,392,000Source |
| Restructuring CostsUSD | — | — | 0Source | — |