Volatus Aerospace Corp. provided revenue guidance for the second quarter ended June 30, 2021 and full year ending December 31, 2022. For the quarter, the company expects to report revenues of approximately $6.5 million, representing an increase of approximately 92% compared to the company's reported revenue of $3.4 million for the three months ended June 30, 2021 and an increase of approximately 36% compared to the company's revenue of $4.8 million for the three months ended March 31, 2022.

For the full year, the company expects to report annual revenues of approximately $38 million, representing an increase of approximately 138% compared to the company's reported revenue for the year ended December 31, 2021. The expected revenue increase is based on management's assumptions of the company's organic growth with new customer additions, geographic expansion in the United Kingdom and USA, and higher services and training revenue. There can be no assurance that the company will achieve similar revenue or margins in any subsequent quarter or annual period. Actual revenue for the second quarter of 2022 and fiscal year 2022 may be materially different than as indicated.