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' share price in its Regulation A+ public offering has increased to $5.45, up from $5, due to enthusiastic investor response.
The company reported a "banner year" in 2022 with a 5% revenue increase, doubled net profits, and EBITDA over 9%.
Growth was fueled by a broadened product lineup (including the Carbon Cub UL and Summit Aircraft Skis acquisition), a nearly two-year order backlog, increased productivity, and investments in new electric propulsion and robotics.
CubCrafters also raised its international profile through a collaboration with Red Bull, featuring a notable Carbon Cub landing on Dubai's Burj Al Arab helipad.

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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.