Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2025 Q2
Surf Air Mobility (NYSE:SRFM) reported Q2 2025 results exceeding guidance, with revenue of $27.4M and Adjusted EBITDA loss of $9.5M. The company achieved a significant milestone with its airline operations turning profitable on an Adjusted EBITDA basis, supported by a 95% completion factor.
Key developments include raising $44.7M in equity capital, converting $29.9M of notes to equity, and securing a five-year exclusive software partnership with Palantir. The quarter also saw two EAS contract renewals and a new interline agreement with Japan Airlines, alongside six new LOI agreements.
Surf Air Mobility (NYSE:SRFM) ha riportato i risultati del secondo trimestre 2025, superiori alle attese, con ricavi di $27.4M e una perdita di EBITDA rettificato di $9.5M. La società ha raggiunto un importante traguardo: le attività aeree sono diventate redditizie su base di EBITDA rettificato, sostenute da un tasso di completamento del 95%.
Tra gli sviluppi chiave figurano la raccolta di $44.7M di capitale azionario, la conversione di $29.9M di note in azioni e la stipula di una partnership software esclusiva quinquennale con Palantir. Nel trimestre si sono inoltre registrati due rinnovi di contratti EAS, un nuovo accordo interlinea con Japan Airlines e sei nuove LOI.
Surf Air Mobility (NYSE:SRFM) reportó los resultados del 2T 2025 por encima de las previsiones, con ingresos de $27.4M y una pérdida de EBITDA ajustado de $9.5M. La compañía alcanzó un hito significativo: sus operaciones aéreas pasaron a ser rentables en base a EBITDA ajustado, respaldadas por un factor de cumplimiento del 95%.
Entre los acontecimientos clave se incluyen la captación de $44.7M en capital, la conversión de $29.9M de pagarés en acciones y la obtención de una alianza de software exclusiva de cinco años con Palantir. El trimestre también registró dos renovaciones de contratos EAS, un nuevo acuerdo interlínea con Japan Airlines y seis nuevas LOI.
Surf Air Mobility (NYSE:SRFM)는 2025년 2분기 실적이 가이던스를 상회했다고 발표했으며, 매출은 $27.4M, 조정 EBITDA 손실은 $9.5M였습니다. 항공 운항 부문은 조정 EBITDA 기준으로 흑자 전환이라는 중요한 이정표를 달성했으며, 이는 완료율 95%에 힘입었습니다.
주요 성과로는 $44.7M의 자본 조달, $29.9M 규모의 채권을 주식으로 전환, 팔란티어와의 5년간 독점 소프트웨어 파트너십 확보 등이 포함됩니다. 분기 동안 두 건의 EAS 계약 갱신과 Japan Airlines와의 신규 인터라인 계약, 여섯 건의 신규 LOI 체결도 있었습니다.
Surf Air Mobility (NYSE:SRFM) a publié des résultats du T2 2025 supérieurs aux prévisions, avec un chiffre d'affaires de $27.4M et une perte d'EBITDA ajusté de $9.5M. La société a franchi une étape importante : ses activités aériennes sont devenues rentables sur une base d'EBITDA ajusté, soutenues par un taux de réalisation de 95%.
Parmi les faits marquants figurent la levée de $44.7M de capitaux propres, la conversion de $29.9M de titres en actions et la conclusion d'un partenariat logiciel exclusif de cinq ans avec Palantir. Le trimestre a également enregistré deux renouvellements de contrats EAS, un nouvel accord interligne avec Japan Airlines et six nouvelles LOI.
Surf Air Mobility (NYSE:SRFM) meldete für das zweite Quartal 2025 Ergebnisse über den Prognosen, mit einem Umsatz von $27.4M und einem bereinigten EBITDA-Verlust von $9.5M. Das Unternehmen erreichte einen wichtigen Meilenstein: der Airline-Betrieb wurde auf bereinigter EBITDA-Basis profitabel, gestützt durch eine 95% Durchführungsquote.
Zu den wesentlichen Entwicklungen zählen die Aufnahme von $44.7M Eigenkapital, die Umwandlung von $29.9M an Schuldverschreibungen in Eigenkapital sowie der Abschluss einer fünfjährigen exklusiven Softwarepartnerschaft mit Palantir. Im Quartal gab es außerdem zwei Verlängerungen von EAS-Verträgen, ein neues Interline-Abkommen mit Japan Airlines sowie sechs neue LOIs.
- Revenue of $27.4M exceeded guidance expectations
- Airline operations achieved profitability on Adjusted EBITDA basis
- Improved operational reliability with 95% completion factor
- Successful capital raise of $44.7M and debt reduction through $29.9M note conversion
- Secured five-year exclusive partnership with Palantir
- Expanded network through Japan Airlines interline agreement and EAS contract renewals
- Overall Adjusted EBITDA remains negative at ($9.5M)
- Significant Adjusted EPS loss of ($1.34) per share
Dallas, Texas--(Newsfile Corp. - August 13, 2025) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners updates their coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM reported revenue, Adj. EBITDA, and Adj. EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenue of
$27.4M and Adj. EBITDA loss of$9.5M exceeded guidance, with airline operations achieving quarterly profitability. - Record-high reliability metrics, two EAS contract renewals, and a new interline agreement with Japan Airlines strengthen network and revenue base.
- Six new LOI agreements, flagship product suite launch, and a five-year exclusive software partnership with Palantir expand growth potential.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262424
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