CUBCRAFTERS’ STOCK PRICE INCREASES
RECENT MILESTONE ADVANCEMENTS DRIVE INVESTORS’ DEMAND TRIGGERING A 9% RISE IN STOCK PRICE
YAKIMA, WA -- MAY 25, 2023 -- CubCrafters, a leading designer and manufacturer of Light-Sport and Part 23 Certified aircraft, announced today that the price of shares in their Regulation A+ public offering was raised to $5.45 due to a number of positive developments.
In November of 2022, for the first time in its history, CubCrafters began accepting investments at $5 per share with a minimum investment of $400 per investor. Since that time, investors have enthusiastically responded and subscribed to the stock offering.
FOR IMMEDIATE RELEASE: 8:00 AM EDT, 5/25/2023
The Company reported that 2022 was a banner year. While many aircraft manufacturers were struggling, the company achieved strong financial performance, which included:
• Strong continuing new aircraft demand resulting in a nearly two-year backlog in orders, even with improvements in manufacturing efficiencies
• Revenue increased 5% in 2022, with more than double the net profits in 2022 vs. 2021
• Earnings have returned to near pre-pandemic levels, with EBIDTA above 9% in 2022
• The acquisition of Summit Aircraft Skis, allowing more vertical integration while also broadening the CubCrafters product lineup and adding a new profit center
• Successfully launching a new aircraft model for international markets, with initial purchase commitments for a dozen of these new aircraft in 2024 and 2025
The Company’s 2022 annual report is at: https://cubcrafters.com/investors/annualreport
In addition to good 2022 financial performance, a number of additional positive developments have recently been announced by the Company. These include: the initial testing of a patented new electric propulsion technology for fixed wing aircraft, the addition of robotics to some aircraft parts manufacturing processes, and a successful collaboration with Red Bull to raise the Company’s international profile with the landing of a CubCrafters airplane on the helipad of the Burj Al Arab
CubCrafters Stock Surges Amid Advancements
CubCrafters, a prominent aviation company known for manufacturing Light-Sport and Part 23 Certified aircraft, has seen a significant increase in their stock price, rising by 9% due to recent milestone advancements. The company's Regulation A+ public offering has raised the price of shares to $5.45 following positive developments. In 2022, CubCrafters reported exceptional financial performance, including a high demand for new aircraft resulting in a backlog of orders, a 5% increase in revenue, and double the net profits compared to the previous year. Additionally, the company acquired Summit Aircraft Skis, launched a new aircraft model for international markets, and achieved near pre-pandemic earnings. Moreover, CubCrafters has introduced innovative technologies such as electric propulsion and robotics in their manufacturing processes, while also collaborating with Red Bull to enhance their international presence. For more details, refer to their 2022 annual report available on their website.
