Decent overall earnings. Good guidance.
$Blade Air Mobility (BLDE.US)$ Revenue up 24.5% versus the prior year to $47.5 million in Q4 2023 and up
54.1% in the full year 2023 to $225.2 million
-- Net loss increased $(18.5) million versus the prior year to $(33.9)
million in Q4 2023 and increased $(28.8) million in the full year 2023 to
$(56.1) million; Adjusted EBITDA increased by $2.7 million versus the
prior year to $(5.2) million in Q4 2023 and increased by $10.8 million to
$(16.6) million in the full year 2023
-- Introduced guidance for Adjusted EBITDA profitability in full-year 2024
and Adjusted EBITDA in the double-digit millions for 2025
-- Announced pending acquisition of eight jet aircraft to support continued
growth in Medical, enabling lower cost service with improved availability
for the hospitals we serve and superior unit economics for Blade; new
organ placement service launched in December, as planned
54.1% in the full year 2023 to $225.2 million
-- Net loss increased $(18.5) million versus the prior year to $(33.9)
million in Q4 2023 and increased $(28.8) million in the full year 2023 to
$(56.1) million; Adjusted EBITDA increased by $2.7 million versus the
prior year to $(5.2) million in Q4 2023 and increased by $10.8 million to
$(16.6) million in the full year 2023
-- Introduced guidance for Adjusted EBITDA profitability in full-year 2024
and Adjusted EBITDA in the double-digit millions for 2025
-- Announced pending acquisition of eight jet aircraft to support continued
growth in Medical, enabling lower cost service with improved availability
for the hospitals we serve and superior unit economics for Blade; new
organ placement service launched in December, as planned
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