Meanwhile, quarterly revenue registered $14.66 million, substantially exceeding the $9.5 million Wall Street estimate. Regarding EBITDA performance, the aviation firm tightened its annual loss projection to $400 million through $445 million. Analysts had been modeling a 2026 EBITDA loss of $427.1 million, which sits comfortably within the company’s updated forecast range. The company continues operating in its early developmental phase, with annual revenue guidance still positioned in the low tens of millions of dollars. With projected revenue between $42 million and $50 million set against a potential EBITDA loss reaching $445 million, the rate of cash consumption remains substantial.