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Dec 31, 2023
Strata Critical Medical Q4 2023 Earnings Report
Reported revenue increase and margin enhancement driven by medical segment.
Key Takeaways
Blade Air Mobility reported a 24.5% increase in revenue to $47.5 million for Q4 2023, driven by strong growth in the MediMobility Organ Transport business. The net loss increased to $(33.9) million, primarily due to an impairment charge. Adjusted EBITDA improved to $(5.2) million.
Revenue increased by 24.5% year-over-year to $47.5 million.
Net loss increased to $(33.9) million due to an impairment charge.
Adjusted EBITDA improved to $(5.2) million.
Flight Profit increased 65.7% to $9.0 million.
Forward Guidance
The company expects revenue of $240 million to $250 million and positive Adjusted EBITDA for the full year 2024. For the full year 2025, they expect double-digit year-over-year revenue growth and double-digit Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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