Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations
Surf Air Mobility Inc. (SRFM)
Company Research
Source: Business Wire
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding ExpectationsAdjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024.“Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to expand our footprint and leadership position in the regional air mobility market,” said Deanna White, Chief Operating Officer and Interim CEO of Surf Air Mobility.She continued, “In the last 90 days, we have moved rapidly to implement operational improvements and stringent m
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SRFM
News
- Surf Air Mobility Inc. (NYSE: SRFM) had its price target raised by analysts at Canaccord Genuity Group Inc. from $1.00 to $2.20. They now have a "hold" rating on the stock.MarketBeat
- Surf Air Mobility Announces NYSE Acceptance of Plan to Regain Listing ComplianceBusiness Wire
- Surf Air Mobility Inc. (SRFM) Reports Q2 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility IndustryBusiness Wire
- Surf Air Mobility Announces Terms of Reverse Stock SplitBusiness Wire
SRFM
Earnings
- 8/14/24 - Miss
SRFM
Analyst Actions
- 8/27/24 - Canaccord Genuity
SRFM
Sec Filings
- 9/24/24 - Form 4
- 9/19/24 - Form 4
- 9/16/24 - Form 4
- SRFM's page on the SEC website