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Mar 31, 2024
Blade Q1 2024 Earnings Report
Blade Air Mobility reported financial results, achieving record-high medical revenue and improved net loss and Adjusted EBITDA compared to the prior year.
Key Takeaways
Blade Air Mobility reported a 13.8% increase in total revenue to $51.5 million, driven by a 34.6% increase in Medical revenue. The company's net loss improved by 58.5% to $(4.2) million, and Adjusted EBITDA improved by 54.1% to $(3.5) million.
Achieved record-high Medical revenue of $36.0 million, a 34.6% increase versus the prior year period.
Net loss improved by $6.0 million versus the prior year to $(4.2) million.
Adjusted EBITDA improved by $4.2 million versus the prior year to $(3.5) million.
Confirmed guidance for Adjusted EBITDA profitability in full-year 2024 and Adjusted EBITDA in the double-digit millions for 2025.
Blade
Blade
Blade Revenue by Segment
Blade Revenue by Geographic Location
Revenue by Segment
Passenger Revenue
CapyFin.comMedical Revenue
CapyFin.comRevenue by Geographic Location
Excluding Canada Revenue
CapyFin.com Forward Guidance
The Company is reaffirming its guidance from March, for the full year 2024, we expect Revenue of $240 million to $250 million and Positive Adjusted EBITDA. For the full year 2025, we expect Double-digit year-over-year revenue growth and Double-digit Adjusted EBITDA
Positive Outlook
- Revenue of $240 million to $250 million is expected for full year 2024
- Positive Adjusted EBITDA is expected for full year 2024
- Double-digit year-over-year revenue growth is expected for full year 2025
- Double-digit Adjusted EBITDA is expected for full year 2025
Revenue & Expenses
Visualization of income flow from segment revenue to net income