What caused SKYH's Q2 2024 EPS to drop sharply?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) experienced a significant drop in its Q2 2024 EPS, primarily due to the following factors:

1. **Revenue Shortfall**: The company reported a revenue of $2.40 million for the quarter, which was below the consensus estimate of $3.06 million. This shortfall in revenue contributed to the negative net margin of 325.99%.
2. **Operational Inefficiencies**: The negative return on equity of 12.00% indicated that the company was unable to generate sufficient profits from its shareholders' equity. This could be a result of operational inefficiencies or high costs.
3. **Insider Transactions**: The sale of 246,389 shares by a major shareholder Omaha Corp Boston for a total transaction of $2,463,890 on May 29th could signal a lack of confidence in the company's short-term prospects. Such transactions can influence investor sentiment and potentially lead to a dilution of ownership and resources.

In conclusion, Sky Harbour Group's Q2 2024 EPS drop was likely a result of a combination of revenue shortfall, operational inefficiencies, and insider transactions. These factors collectively contributed to the company's challenging financial performance during the period.