CubCrafters Reports 'Banner' Year, Stock Price Boost

The light sport aircraft manufacturer reported a nearly 28 percent increase in productivity with the assembly of 65 aircraft.

Kimberly Johnson

Tuesday, May 30, 2023 at 06:27 PM ET

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In 2022, CubCrafters integrated robotics into some of its aircraft parts manufacturing process. [Courtesy: CubCrafters]

Key Takeaways:

CubCrafters increased its share price to $5.45 in its Regulation A+ public offering, driven by strong investor interest following a "banner year" for the company.
In 2022, the company saw significant financial growth, with revenue up 5% and net profits doubling, accompanied by a 28% increase in aircraft production and a nearly two-year order backlog.
Its success is attributed to broadening its product line (e.g., Carbon Cub UL, Summit Aircraft Skis), investing in new technologies (electric propulsion, robotics), and boosting its international profile through collaborations like the Red Bull Burj Al Arab landing.

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In the wake of a “banner year,” CubCrafters’ price of shares in their Regulation A+ public offering has risen to $5.45, according to the company.

The light sport and Part 23-certificated aircraft manufacturer began accepting investments in November at $5 per share with a minimum $400 investment.