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
Show less
Read more
Impact Snapshot
Event Time:
SRFM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SRFM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SRFM alerts
High impacting Surf Air Mobility Inc. news events
Weekly update
A roundup of the hottest topics
SRFM
News
- Surf Air Mobility to Announce Third Quarter 2024 Financial Results on November 14, 2024Business Wire
- 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
SRFM
Earnings
- 8/14/24 - Miss
SRFM
Analyst Actions
- 8/27/24 - Canaccord Genuity
SRFM
Sec Filings
- 10/8/24 - Form 8-K
- 10/4/24 - Form 4
- 10/4/24 - Form SC
- SRFM's page on the SEC website