Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations
Surf Air Mobility Inc. (SRFM)
Company Research
Source: Business Wire
$50 Million Term Loan Secured to Fund Transformation Plan and Path to ProfitabilityRevenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 MillionAdjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024.“The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air mobility operations, implementing new processes, driving improved efficiency and repositioning our air mobility operations for sustained profitability,” said Deanna White, Interim CEO and Chief Operating Officer of Surf Air Mobility.Capital Structure Update:On November 14, 2024
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News
- Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to ProfitabilityBusiness Wire
- Surf Air Mobility Inc (SRFM) Q3 2024 Earnings Report Preview: What To Look For [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility to Announce Third Quarter 2024 Financial Results on November 14, 2024Business Wire
SRFM
Earnings
- 11/14/24 - Beat
SRFM
Analyst Actions
- 8/27/24 - Canaccord Genuity
SRFM
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/14/24 - Form 8-K
- SRFM's page on the SEC website