Blade Air Mobility Inc Stock Price, News & Analysis

Blade Air Mobility (NASDAQ: BLDE) reported strong Q4 2024 financial results, with revenue increasing 14.5% to $54.4 million. Excluding Canada operations, which were discontinued in August 2024, revenue grew 22.1% year-over-year.

The company achieved its first full-year of Adjusted EBITDA profitability, with a $17.8 million improvement to $1.2 million in FY 2024. Net loss improved by $28.8 million to $(27.3) million. The Medical segment showed impressive growth with Adjusted EBITDA improving 119.6% to $5.5 million in Q4, while the Passenger segment achieved $3.6 million in Adjusted EBITDA for full-year 2024.

Key Q4 metrics include:

• Flight Profit increased 39.7% to $12.6 million
• Medical revenue grew 13.7% to $36.4 million
• Short Distance revenue (excluding Canada) increased 17.7%
• Jet and Other revenue surged 84.7% to $8.8 million

The company ended FY 2024 with $127.1 million in cash and short-term investments, and reaffirmed guidance for double-digit millions in Adjusted EBITDA for 2025.

Blade Air Mobility (NASDAQ: BLDE) and Skyports Infrastructure have announced a partnership to launch a pilot program expanding Blade's helicopter transfer service between Downtown Manhattan Heliport and JFK Airport. The service, starting in April, will operate on weekdays from 3:00 PM to 7:00 PM, serving both airport transfers and commuters.

Flights will be priced from $195 per seat, with reduced rates of $95 available through Blade Airport Pass or Commuter Pass. The program aims to gather data on consumer demand, flier experience, and logistics to prepare for future Electric Vertical Aircraft (EVA/eVTOL) operations, which are expected to eventually replace helicopters with quiet, emission-free transport.

The partnership follows Skyports' appointment by NYCEDC as the Downtown Manhattan Heliport operator through their Downtown Skyport JV with Groupe ADP. The facility, located near Wall Street, serves as a important hub for short-distance aviation in New York City.

Blade Air Mobility (NASDAQ: BLDE) has announced the opening of its shareholder Q&A platform ahead of its fourth quarter and fiscal year 2024 financial results conference call. The earnings call is scheduled for March 13, 2025, at 8:00 AM ET.

Shareholders can submit and upvote questions for management through the Say platform until March 12, 2025, at 9:30 AM ET. Participants can access the platform either directly or through integrated brokers' apps and websites. The company will provide an audio webcast of the call through its investor relations website, with replay available for one year.

Blade Air Mobility (Nasdaq: BLDE) has announced its participation in the upcoming 2025 J.P. Morgan Industrials Conference. The technology-powered air mobility platform's CEO Rob Wiesenthal is scheduled to present on Thursday, March 13, 2025 at 9:45 am ET.

The presentation will be accessible via webcast, with a replay option available afterward through the company's investor relations website at ir.blade.com/news-events.

Blade Air Mobility (Nasdaq: BLDE) has scheduled its fourth quarter and calendar year 2024 earnings release conference call for March 13, 2025. The financial results will be released before the market opens, followed by a conference call at 8:00 am Eastern Time.

The call will feature CEO Rob Wiesenthal and CFO Will Heyburn, including a Q&A session for participants. Interested parties can register to receive dial-in details and a unique PIN. An audio webcast will be available on the company's investor relations website, with a replay accessible for one year.

Blade Air Mobility (Nasdaq: BLDE), a technology-powered air mobility platform, has announced its participation in the 27th Annual Needham Growth Conference. The company's Chief Financial Officer, Will Heyburn, is scheduled to present on Tuesday, January 14, 2025, at 11:45 am ET.

Investors and interested parties can access a live webcast of the presentation through the provided link. Additionally, a replay of the presentation will be made available on the investor relations section of Blade's website at https://ir.blade.com/news-events shortly after the event concludes.

Blade Air Mobility (Nasdaq: BLDE) announced that CEO Rob Wiesenthal will present at the 2024 UBS Global Technology and AI Conference on December 4, 2024, at 12:15 pm MT. The presentation will be available via webcast, with a replay accessible through the company's investor relations website at ir.blade.com/news-events.

Blade Air Mobility (NASDAQ: BLDE) reported Q3 2024 financial results showing mixed performance. Revenue increased 4.8% to $74.9 million, while operating cash flow improved to $6.4 million. The company's Medical Segment Adjusted EBITDA grew 15.1%, and the Passenger Segment achieved profitability ahead of schedule. Despite these improvements, the company recorded a net loss of $2.0 million. Gross profit increased 43.8% to $14.4 million, with margin expansion of 520 basis points to 19.3%. The company announced a strategic alliance with OrganOx and reaffirmed guidance for positive Adjusted EBITDA in 2024.

Blade Air Mobility (Nasdaq: BLDE) has announced the opening of its shareholder Q&A platform ahead of its fiscal Q3 2024 financial results conference call, scheduled for November 12, 2024, at 8:00am ET. Shareholders can submit and upvote questions through the Say platform until November 11 at 9:30am ET. The company will host an audio webcast accessible through their investor relations website, with a replay available for one year.