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Blade Air Mobility, Inc. (NASDAQ: BLDE) is a leading technology-driven air mobility platform headquartered in New York City. The company specializes in providing air transportation and logistical solutions primarily for the medical and passenger sectors. Its core business involves the transportation of human organs for transplant and supporting medical teams, predominantly in the Northeast United States. Blade is recognized as one of the largest air transporters of human organs in the country, ensuring critical logistical support for hospitals.
Beyond its medical services, Blade offers helicopter and fixed-wing aviation services to passengers, with operations extending into Southern Europe and Western Canada. This dual-segment operation allows Blade to diversify its revenue streams, although the majority comes from its Medical segment. In addition to medical transport, Blade provides donor logistics coordination and assistance in evaluating potential donor organs, making them a crucial link in the organ transplantation process.
Blade's asset-light business model is underpinned by its exclusive passenger terminals and proprietary technology platforms. This infrastructure is designed to facilitate a seamless transition to Electric Vertical Aircraft (EVA or eVTOL), which promises quieter, emission-free, and lower-cost air mobility options. The company aims to pioneer this transition and integrate EVA technology into its services, enhancing both efficiency and sustainability.
Recent achievements include expanding their operational footprint and bolstering partnerships across various regions. Despite challenges posed by market conditions and external factors like the COVID-19 pandemic, Blade continues to adapt and evolve, positioning itself for future growth.
Stay updated on the latest developments and performance metrics of Blade Air Mobility, Inc. (BLDE) by following our detailed news section. From financial reports to strategic initiatives, we provide comprehensive insights into all facets of the company’s operations.
Blade Air Mobility (Nasdaq: BLDE) announced that CEO Rob Wiesenthal will present at the 2024 UBS Global Technology and AI Conference on December 4, 2024, at 12:15 pm MT. The presentation will be available via webcast, with a replay accessible through the company's investor relations website at ir.blade.com/news-events.
Blade Air Mobility (NASDAQ: BLDE) reported Q3 2024 financial results showing mixed performance. Revenue increased 4.8% to $74.9 million, while operating cash flow improved to $6.4 million. The company's Medical Segment Adjusted EBITDA grew 15.1%, and the Passenger Segment achieved profitability ahead of schedule. Despite these improvements, the company recorded a net loss of $2.0 million. Gross profit increased 43.8% to $14.4 million, with margin expansion of 520 basis points to 19.3%. The company announced a strategic alliance with OrganOx and reaffirmed guidance for positive Adjusted EBITDA in 2024.
Blade Air Mobility (Nasdaq: BLDE) has announced the opening of its shareholder Q&A platform ahead of its fiscal Q3 2024 financial results conference call, scheduled for November 12, 2024, at 8:00am ET. Shareholders can submit and upvote questions through the Say platform until November 11 at 9:30am ET. The company will host an audio webcast accessible through their investor relations website, with a replay available for one year.
Blade Air Mobility (Nasdaq: BLDE) has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024 before the market opens. The company will hold a conference call at 8:00 am Eastern Time to discuss the results.
The call will be hosted by Rob Wiesenthal, Blade's Chief Executive Officer, and Will Heyburn, Blade's Chief Financial Officer, and will include a question-and-answer session for call participants. Interested parties can register for the call to receive dial-in information and a unique PIN.
An audio-only webcast of the call will be available on the company's website at https://ir.blade.com/ or through a provided registration link. A replay of the webcast will be accessible for one year.
BLADE Air Mobility (Nasdaq: BLDE) has announced an interline partnership with Qatar Airways, enabling passengers to travel to Monaco on a single ticket. This collaboration allows seamless connections from commercial flights to BLADE helicopters, flying directly into Monaco's heart. The partnership enhances passenger experience, particularly during the Monaco Grand Prix, where BLADE flies more passengers than to any other event worldwide.
Key features include:
- Helicopter flights between Nice and Monaco every 30 minutes
- BLADE limousine service from Monte Carlo heliport to local destinations
- Luggage checked from Monaco to final destinations
- Expedited, helipad-side security check-in at Nice Airport
Blade Air Mobility (NASDAQ: BLDE) reported improved financial results for Q2 2024. Key highlights include:
- Revenue increased 11.4% to $67.9 million
- Net loss improved by $0.9 million to $(11.3) million
- First Q2 with positive Adjusted EBITDA as a public company, improving by $5.4 million to $1.0 million
- Highest quarterly Medical revenue of $38.3 million, up 6.4% sequentially
- Medical Segment Adjusted EBITDA reached $5.5 million, up 82.7% year-over-year
- First Q2 with positive Passenger Segment Adjusted EBITDA, improving by $2.9 million
The company reaffirmed its guidance for 2024, expecting revenue of $240-250 million and positive Adjusted EBITDA. For 2025, Blade anticipates double-digit year-over-year revenue growth and double-digit Adjusted EBITDA.
Blade Air Mobility (Nasdaq: BLDE) has announced the opening of its shareholder Q&A platform ahead of its fiscal second quarter 2024 financial results release. The platform allows shareholders to submit and upvote questions for management before the upcoming conference call, scheduled for August 7, 2024, at 4:30 PM ET.
Key points:
- Q&A platform opens on July 24, 2024
- Platform closes on August 6, 2024, at 9:00 AM ET
- Financial results cover the quarter ended June 30, 2024
- Audio webcast available on the company's investor relations website
- Webcast replay will be accessible for one year
Blade Air Mobility (Nasdaq: BLDE) will release its financial results for the second quarter ended June 30, 2024, on August 7, 2024, after market close. The company has scheduled a conference call on the same day at 4:30 pm ET to discuss the results. The call will be hosted by CEO Rob Wiesenthal and CFO Will Heyburn, including a Q&A session. Interested participants can register for the live call to receive a dial-in number and unique PIN. Additionally, an audio-only webcast of the call will be accessible via the Investors section of Blade's website, with a replay available for one year.
Blade Air Mobility announced that CEO Rob Wiesenthal will present at the SHARE Series investor event on June 14, 2024, at 1:35pm ET. A webcast and replay of the presentation will be available on the company's investor relations website. This event provides an opportunity for investors to gain insights into Blade's business strategies and future plans.
Blade Air Mobility (Nasdaq: BLDE), a technology-driven air mobility platform, announced that its CEO, Rob Wiesenthal, will present at the 2024 Jefferies eVTOL / AAM Summit. The presentation is scheduled for May 30, 2024, at 1:15 PM ET. The event will be webcast live, with a replay available on the company's investor relations website.
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