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Stock impact report

Blade Air Mobility Announces Third Quarter 2024 Results

Blade Air Mobility, Inc. - Class A (BLDE) 
Company Research Source: GlobeNewswire
Operating Cash Flow increased by $4.3 million to $6.4 million in Q3 2024; Free Cash Flow, Before Aircraft Acquisitions, increased by $2.4 million to $3.7 million in Q3 2024(1)Medical Segment Adjusted EBITDA improved 15.1% in Q3 2024 versus the prior yearPassenger Segment Adjusted EBITDA increased by $2.8 million and we achieved trailing twelve month Segment Adjusted EBITDA profitability in Q3 2024, well ahead of previous guidance for full-year profitability by the end of 2025Net loss increased by $2.2 million versus the prior year to $(2.0) million in Q3 2024; Adjusted EBITDA improved by $3.4 million versus the prior year to $4.2 million in Q3 2024(1)Reaffirming guidance for positive Adjusted EBITDA in 2024 and double-digit millions of Adjusted EBITDA in 2025(2)Announced strategic alliance with OrganOx, utilizing Blade logistics to enable rapid deployment of their metra perfusion device to transplant centers across the United States NEW YORK, Nov. 12, 2024 (GLOBE NEWSW Show less Read more
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