What caused JTAI's Q4 2024 EPS to fall below forecasts?

The EPS of JTAI for Q4 2024 fell below forecasts due to a combination of factors: 1. **Revenue Decline**: Although JTAI's total revenue for Q4 2024 increased to $3.17 million compared to $3.37 million in the same quarter of the previous year, it was still below the estimated revenue. This decline in revenue could contribute to the lower-than-expected EPS. |code|Ticker|Name|Date|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---| |JTAI|JTAI.O|Jet.AI|2024 Q1|3848598|-3229049|186| |JTAI|JTAI.O|Jet.AI|2024 Q2|3083884|-3220556|186| |JTAI|JTAI.O|Jet.AI|2024 Q3|3917393|-2881882|186| |JTAI|JTAI.O|Jet.AI|2024 Q4|3172753|-3401948|186| 2. **Net Income Loss**: JTAI reported a net loss of $3.4 million for Q4 2024, which is a significant indicator of financial strain. Net losses directly impact the EPS, pulling it down. The company's net loss for the quarter was higher than the net loss in the same quarter of the previous year, which could suggest that the EPS decline is not isolated to the current quarter but may have been a gradual deterioration over time. |code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code| |---|---|---|---|---|---|---| |JTAI|JTAI.O|Jet.AI|2024 Q1|-0.16|-0.28|186| |JTAI|JTAI.O|Jet.AI|2024 Q2||-0.25|186| |JTAI|JTAI.O|Jet.AI|2024 Q3|-37.07|-43.82|186| |JTAI|JTAI.O|Jet.AI|2024 Q4|117.29||186| 3. **Operating Expenses**: JTAI's R&D expenses for Q4 2024 were reported at $54,251. While not directly related to EPS, high R&D expenses can strain financial performance, potentially leading to reduced EPS if not managed properly. Additionally, increased operating expenses related to the operation of the Company's aircraft contributed to the gross loss. These expenses are likely to have a negative impact on net income and, consequently, EPS. |code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code| |---|---|---|---|---|---|---| |JTAI|JTAI.O|Jet.AI|2024 Q1|32546|-10.388501886065145|186| |JTAI|JTAI.O|Jet.AI|2024 Q2|37396|30.590864645900268|186| |JTAI|JTAI.O|Jet.AI|2024 Q3|37959|-22.251807549720418|186| |JTAI|JTAI.O|Jet.AI|2024 Q4|54251|15.231520815632965|186| 4. **Previous Financial Performance**: The company's historical financial performance has shown fluctuations, with a reported gross loss for the quarter ended September 30, 2024, and a net loss for the nine months ended September 30, 2024. The persistence of these losses could indicate underlying issues that have not been adequately addressed, leading to ongoing pressure on EPS. In summary, JTAI's Q4 2024 EPS fell below forecasts due to a combination of lower revenue, increased net losses, higher operating expenses, and ongoing financial challenges. These factors collectively contribute to a weaker EPS than anticipated.