Is JTAI's Q3 2024 EPS surge a sign of long-term growth?

**Jet.AI's Q3 2024 EPS surge does not necessarily indicate long-term growth**, and here's why:

1. **Revenue Context**: While Jet.AI posted a 14.7% revenue gain, the increase was primarily due to increased software app, Cirrus charter, and management and other services revenues. This suggests that the company's revenue growth is driven by specific segments rather than a broad-based expansion.
2. **Operating Loss**: Jet.AI reported an operating loss of $12.6 million, which is a decrease from the previous year's operating loss of $12.5 million. This indicates that the company is still struggling with profitability, which is a concern for long-term growth.
3. **Debt Growth**: Jet.AI's long-term debt grew by 51.5% over the past year. Such a significant increase in debt can be a red flag for long-term growth, as it may lead to higher interest expenses and financial leverage.
4. **Earnings Per Share (EPS)**: The EPS for Q3 2024 was -$43.82, which is a negative figure. Negative EPS can be a sign of operational losses rather than growth. However, a single quarter's EPS is not a reliable indicator of long-term growth.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|JTAI|JTAI.O|Jet.AI|2024 Q1|60|-0.28|186|
|JTAI|JTAI.O|Jet.AI|2024 Q2|53.70370370370371|-0.25|186|
|JTAI|JTAI.O|Jet.AI|2024 Q3|68.14249363867685|-43.82|186|

5. **Strategic Moves**: Jet.AI is selling its aviation division to FlyExclusive, which could be a strategic move to address financial challenges rather than a sign of long-term growth.

In conclusion, while Jet.AI has seen some positive revenue growth and technological advancements, the negative EPS, operating loss, and debt growth suggest that these factors may not be indicative of long-term growth. Investors should monitor the company's ability to improve profitability and manage debt in the coming quarters to assess its long-term prospects.