Blade Air Mobility Reports Financial Results for the First Quarter Ended March 31, 2024
Blade Air Mobility, Inc. - Class A (BLDE)
Company Research
Source: GlobeNewswire
Achieved record-high Medical revenue of $36.0 million in Q1 2024, a 34.6% increase versus the prior year period and a 12.6% sequential increase versus Q4 2023.Net loss improved by $6.0 million versus the prior year to $(4.2) million in Q1 2024; Adjusted EBITDA improved by $4.2 million versus the prior year to $(3.5) million in Q1 2024.Record-high Medical Segment Adjusted EBITDA of $4.4 million in Q1 2024, up 134.5%, while Passenger Segment Adjusted EBITDA improved by $0.4 million, versus the prior year periodConfirmed guidance for Adjusted EBITDA profitability in full-year 2024 and Adjusted EBITDA in the double-digit millions for 2025. NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, "Blade" or the "Company"), today announced financial results for the first quarter ended March 31, 2024. GAAP FINANCIAL RESULTS(in thousands except percentages, unaudited) Three Months Ended March 31, 2024 2023 % ChangeRevenue$51,514 $45,271
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News
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Earnings
- 5/7/24 - Beat
BLDE
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/7/24 - Form 8-K
- BLDE's page on the SEC website