Harbor Diversified, Inc.

Harbor Diversified, Inc.

HRBR
Harbor Diversified, Inc.US flagOther OTC
1.74
USD
+0.04
- -
101.67MMarket Cap
2006 Y
2007 Y
2008 Y
2009 Y
2010 Y
2011 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.02
0.02
- -
- -
- -
- -
4.39
4.8
3.39
4.56
5.44
4.52
- -
4.21
Basic EPS, GAAP
-1.2
-0.8
-0.74
-0.53
-0.2
-0.11
3.3
-0.35
0.71
1.69
0.15
-0.39
- -
-0.38
Free Cash Flow per Basic Share
-1.07
-0.83
-0.66
-0.5
-0.17
-0.13
-0.29
0.07
1.17
1.67
0.9
-0.37
- -
0.22
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
0.02
0.03
- -
0.02
Book Value per Share
-7.61
-7.4
-8.12
-8.58
-7.87
-7.39
-3.5
-3.85
-3.12
-1.45
-1.64
-2
- -
-2.19
Tangible Book Value per Share
2.46
1.45
0.8
0.31
0.15
0.03
1.67
1.32
1.79
3.44
4.09
3.89
- -
3.19
Basic Weighted Avg Shares
25
29
29
29
33
35
55
55
55
54
44
44
- -
48
Sales/Revenue/Turnover
- -
1
- -
- -
- -
- -
241
264
186
248
240
199
202
202
Operating Margin (%)
-7,424.32
-4,003.72
- -
- -
- -
-2,618.49
-10.18
-7.91
23.31
42.48
6.14
-18.51
-11.96
-11.96
Depreciation Expense
- -
- -
- -
- -
- -
- -
22
25
27
27
26
26
26
26
Net Income, GAAP
-30
-23
-22
-16
-7
-4
181
-19
40
93
8
-16
-17
-17
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
5.83
21.53
40.62
- -
- -
- -
Profit Margin (%)
-6,808.78
-3,584.65
- -
- -
- -
-2,604.79
75.36
-7.29
21.38
37.41
3.13
-8.02
-8.49
-8.49
Working Capital
-7
-3
-2
-1
-1
-3
-57
-60
-70
-90
147
-29
-33
94
LT Debt
- -
- -
- -
- -
- -
- -
113
123
103
77
62
7
6
6
Total Equity
62
42
23
9
5
1
97
78
117
206
199
177
159
159
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
17.6
30.69
3.08
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
-83.33
-2,414.67
37.59
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
4
4
3
LT Borrowings
4
4
4
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
73
42
44

Working Capital

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
116
118
128
Cash, Cash Equivalents & STI
102
104
112
Accounts Receivable, Net
1
1
4
Inventories
6
6
5
Total Current Liabilities
34
33
33
Payables & Accruals
29
28
26
ST Debt
4
4
3
Deferred Revenue
1
2
4

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
805.31%
20.44%
-10.1%
Free Cash Flow
119.58%
234.23%
-162.89%
Net Income, GAAP
-567.74%
-114.31%
7.44%
Sales/Revenue/Turnover
- -
-2.96%
1.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
67
78
68
68
240
2023
53
49
50
39
199
2024
44
47
54
58
202

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.19
0.32
0.17
- -
0.15
2023
-0.11
-0.28
-0.1
- -
-0.39
2024
-0.23
-0.2
-0.04
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.02
2023
0.01
0.01
0.01
- -
0.03
2024
0.01
0.01
- -
- -
- -

Company Description

MCPAPIChat
CEO
Christine R. Deister
Full Time Employees
1,008
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
W6390 Challenger Drive Appleton WI United States of America 54914-9120
IPO Date
Sep 8, 1997
Business
Harbor Diversified, Inc. (HRBR) operates as a holding company primarily focused on regional air transportation services through its key subsidiary Air Wisconsin Airlines LLC, which provides scheduled passenger flights predominantly for American Airlines, Inc. under capacity purchase agreements; the company also engages in flight equipment leasing via Lotus Aviation Leasing LLC, flight equipment financing through Air Wisconsin Funding LLC, and maintains a non-operating pharmaceutical entity, Harbor Therapeutics, Inc. Air Wisconsin operates a fleet of approximately 63 Bombardier CRJ-200 regional jets configured for single-class seating with flight attendant service, serving domestic U.S. routes with a focus on Essential Air Service markets from its base at Appleton International Airport in Wisconsin, where Harbor Diversified maintains headquarters since its founding in 1992. The company's operations target major airline partners and their customers across the United States, employing around 1,000 personnel and generating revenue primarily from available seat miles. In recent developments, Harbor Diversified faced significant challenges including a March 2024 disclosure that its financial statements from December 2022 onward were unreliable due to errors in revenue recognition under its capacity purchase agreement with United Airlines, triggering a securities class action lawsuit and a subsequent share price decline; additionally, in late 2024 American Airlines issued a termination notice effective January 3, 2025, for its flying agreement with Air Wisconsin, prompting strategic shifts toward fleet sales, leasing, and potential new partnerships while the company repaid prior debt and pursued stock buybacks.

Company News

MCPAPIChat
  • Alluvial Fund Q2 2024 Portfolio Update

  • HARBOR ALERT: Bragar Eagel & Squire, P.C. is Investigating Harbor Diversified, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. - HRBR

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. – HRBR

  • FINAL HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit!

  • FINAL HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit!

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. – HRBR

  • FINAL HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit!

  • FINAL HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit!

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. - HRBR

  • IMMINENT HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit

  • IMMINENT HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit!

  • INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Harbor Diversified

  • IMMINENT HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit

  • HRBR Investors Have Opportunity to Lead Harbor Diversified, Inc. Securities Fraud Lawsuit

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. - HRBR

  • IMMINENT HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit

  • HRBR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Harbor Diversified, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

  • IMMINENT HRBR DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Harbor Diversified, Inc. Investors to Join the Class Action Lawsuit

  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Harbor Diversified, Inc. – HRBR