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 public offering rose to $5.45 following a "banner year" in 2022, which saw doubled net profits, 5% revenue growth, and strong investor demand.
The company expanded its product line with the acquisition of Summit Aircraft Skis and the launch of the Carbon Cub UL, while also investing in new technologies like electric propulsion and manufacturing robotics.
CubCrafters boosted its productivity by nearly 28% (assembling 65 aircraft) and increased its workforce by 14%, supported by a robust nearly two-year backlog of orders.
Its international profile was significantly raised through a high-visibility collaboration with Red Bull, featuring a Carbon Cub's short landing on a helipad in Dubai.

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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.