02:35 PM EDT, 05/15/2024 (MT Newswires) -- Sky Harbour Group ( SKYH ) shares fell more than 11% in recent Wednesday trading, a day after the company reported a wider-than-expected Q1 net loss.

The company reported a Q1 loss late Tuesday of $0.78 per diluted share, widening from a loss of $0.41 a year earlier. One analyst polled by Capital IQ expected a loss of $0.08.

Revenue for the quarter ended March 31 was $2.4 million, up from $1.1 million a year earlier. One analyst surveyed by Capital IQ expected $2.2 million.

Price: 11.97, Change: -1.50, Percent Change: -11.16