JT

Jet AI Inc

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Jet AI Inc AI Insights

Informational only. Not investment advice.
As of 2025-12-12

Snapshot

  • Negative gross margin (-8.7% TTM) means cost of revenue exceeds sales - fundamentally broken unit economics at current scale.[Gross Margin TTM]
  • Cash burn of -14M FCF TTM against 3.5M cash = ~3 months runway without dilutive financing.[Free Cash Flow TTM]
  • Revenue declined -48% over 3 years while operating losses persist at -104% margin TTM.[Total Revenue 3Y Growth]

Watch Triggers

  • Cash and Equivalents: Falls below 2M or new equity issuance announcedSignals imminent dilution or bankruptcy risk
  • Gross Margin TTM: Turns positive (above 0%)First sign unit economics could become viable
  • Total Revenue TTM: Quarterly sequential growth >20%Would extend runway and signal demand recovery

Bull Case

Trading at 0.52x book value with 9.1M tangible equity and minimal debt (0.07 D/E) - asset base provides floor if liquidated or acquired.

P/B RatioTangible Book ValueDebt to Equity

4.7M PPE suggests real aviation assets that could attract strategic buyer or pivot opportunity.

Property Plant & EquipmentEnterprise Value

Bear Case

Negative gross margin means every dollar of revenue destroys value - no operational leverage path without fundamental restructuring.

Gross Margin TTMCost of Revenue TTM

3-month cash runway with -14M FCF burn forces dilutive financing or distressed sale, crushing equity holders.

Free Cash Flow TTMCash and Equivalents

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
20%

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Forward Thesis

Imminent capital raise or strategic transaction required within 6 months to avoid insolvency.

3-12mhigh
  • 3.5M cash vs 14M annual burn rate
  • No path to profitability at current scale
  • Revenue contracting -48% over 3 years
FCF TTM: -14MCash: 3.5MOperating margin: -104%

Valuation Context

Caveats

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