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Stock impact report

Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023

Surf Air Mobility Inc. (SRFM) 
Company Research Source: Business Wire
Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance.Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0) million, which includes investment in R&D for electrification and software, stock-based compensation, impairments, transaction costs and other non-recurring items.Full Year 2023 Pro Forma Adjusted EBITDA of $(50.9) million, achieving 2023 guidance.Surf Air Mobility is providing unaudited pro forma results for the fourth quarter and year to date period ended December 31, 2023, which assumes the acquisition of Southern Airways closed as of the beginning of 2022. LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its fourth quarter and full year results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings Show less Read more
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