Jetcon Corporation has reported a major turnaround in the performance of the third quarter ended September 30, posting a profit of $26 million, compared to a $10 million loss during the same period last year.
Revenues climbed 56% to $209 million, up from $134 million in 2024, despite higher cost of sales which rose from $116 million to $147 million.
The company's gross margin doubled for the second consecutive year moving from 13.4% to 30%. This resulted in a gross profit of $63 million - nearly four times the $17.5 million recorded a year earlier.
Year to date, Jetcon has earned $68 million profit, a sharp improvement from the $17 million loss recorded during the same period last year.
The company also confirmed that Hurricane Melissa did not cause any material damage to its properties and inventory.
Jetcon's solar division is now preparing to meet what is expected to be increased amount for solar systems in the wake of the storm.
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