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Surf Air Mobility Inc. - SRFM STOCK NEWS

Welcome to our dedicated page for Surf Air Mobility news (Ticker: SRFM), a resource for investors and traders seeking the latest updates and insights on Surf Air Mobility stock.

Surf Air Mobility Inc. (SRFM) is a trailblazer in the field of regional air mobility, focusing on connecting communities sustainably through innovative electric aviation. Founded with a vision to revolutionize regional air travel, the company is dedicated to electrifying the skies and creating a more efficient and eco-friendly mode of air transportation.

As a pioneering electric aviation and air travel enterprise, Surf Air Mobility Inc. aims to expand the category of regional air travel by integrating advanced electric propulsion technologies into their fleet. Their operations are centered around the concept of a regional air mobility ecosystem, which ensures that smaller communities have enhanced connectivity options that are both sustainable and economically viable.

Among the company's core offerings are their air mobility services, which generate revenue by providing sustainable and efficient travel solutions. Surf Air Mobility Inc. is actively involved in numerous projects aimed at enhancing the electrification of air travel, including partnerships with leading technology firms and aviation pioneers to develop next-generation propulsion systems and infrastructure.

Recent achievements include successful pilot programs of electric aircraft and strategic collaborations to extend their service network. Financially, the company is backed by robust investment and strategic partnerships that provide a solid foundation for its ambitious growth plans.

In summary, Surf Air Mobility Inc. is at the forefront of transforming regional air travel, focusing on sustainability and innovative technologies to build a connected, greener future for air transportation. For detailed updates and the latest news about Surf Air Mobility Inc., investors and stakeholders can visit StockTitan for real-time information and developments.

News

Surf Air Mobility Confirms Order for 100 Aircraft and Exclusive Relationship with Textron Aviation to Support Surf Air Mobility’s Development of an Electrified Cessna Grand Caravan EX

Rhea-AI Summary
Surf Air Mobility confirms initial fleet order of 100 Cessna Grand Caravan EX aircraft with deliveries starting in 2024. Collaboration with Textron Aviation accelerates development of electric and hybrid-electric aircraft. Planned benefits include reducing operating costs by 25-50% and carbon emissions by up to 50-100%.
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Surf Air Mobility Publishes Updated Investor Presentation

Rhea-AI Summary
Surf Air Mobility (NYSE: SRFM) publishes investor presentation on its IR site.
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Surf Air Mobility Publicly Files Form S-1 Registration Statement Related to Previously Announced Funding from Gem Global Yield LLC SCS

Rhea-AI Summary
Surf Air Mobility files Form S-1 registration statement with the SEC to register up to 25.0 million shares for share subscription facility with GGY. Maximum aggregate purchase price of $400 million. Can request advances of up to $25 million each, totaling $100 million. Shares not utilized now will be available for future advances aligned with business growth.
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Surf Air Mobility Co-Founder Sudhin Shahani and Chairman Carl Albert Purchase SRFM Shares in the Open Market

Rhea-AI Summary
Surf Air Mobility co-founder and chairman purchase shares in open market transaction, re-affirming commitment to the company.
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Surf Air Mobility Files Its Second Quarter Results via Quarterly Report on Form 10-Q and Current Report on Form 8-K

Rhea-AI Summary
Surf Air Mobility files Quarterly Report on Form 10-Q and Current Report on Form 8-K, provides pro forma financial results. Q2 2023 revenue: $6.2M for Surf Air and $22.4M for Southern. Pro forma revenue for Q2 2023: $28.3M, up 17.5% YoY. Pro forma gross profit: $3.6M, up 44.3% YoY. Pro forma operating loss: $(15.1)M. Non-GAAP Adjusted EBITDA: $(7.8)M. 1H23 revenue: $11.7M for Surf Air and $45.1M for Southern. Pro forma revenue for 1H23: $56.3M, up 23.4% YoY. Pro forma gross profit: $6.6M, up 20.1% YoY. Pro forma operating loss: $(29.6)M. Non-GAAP Adjusted EBITDA: $(18.2)M. Full year 2023 guidance: GAAP revenue: $54.5M to $59.5M. Non-GAAP revenue: $107.5M to $112.5M, up 6.9% - 11.8% YoY. Non-GAAP Adjusted EBITDA: $(46.3)M to $(56.3)M.
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Surf Air Mobility Has Filed to Shorten Its Form S-1 Registration Period

Rhea-AI Summary
Surf Air Mobility Inc. files post-effective amendment to shorten registration period, locking up affiliate shares. Affiliate shares remain unsold and will not be freely tradeable until a new registration statement is filed or they become eligible for an exemption. Offering will be terminated upon the effectiveness of the amendment.
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Surf Air Mobility to Present to the Investment Community at Upcoming Investor Conference

Rhea-AI Summary
Surf Air Mobility Inc. (NYSE: SRFM) will attend the Piper Sandler Growth Frontiers Conference on September 13, 2023, in Nashville. Members of senior management will host one-on-one and small group investor meetings.
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Surf Air Mobility Reports Second Quarter Results and Provides Guidance Following Recent Direct Listing on NYSE

Rhea-AI Summary
Surf Air Mobility announces 2Q23 results and outlook for full year 2023
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Surf Air to Shorten Form S-1 Registration Period, Enabling Broader Investor Outreach and Effectively Locking Up Affiliate Shares

Rhea-AI Summary
Surf Air Mobility shortens Form S-1 registration period for resales to September 1, 2023. Affiliates and insiders face extended restricted period for up to 7M shares until January 2024. Shares registered on Form S-1 will no longer be resold using the form. Affiliates believe in long-term value of stock.
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Surf Air Mobility to Provide Second Quarter 2023 Financial Results and Full Year 2023 Outlook on August 16, 2023

Rhea-AI Summary
Surf Air Mobility Inc. (NYSE: SRFM) to Release Q2 2023 Financial Results and Full Year Outlook on August 16, 2023
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FAQ

What is the current stock price of Surf Air Mobility (SRFM)?

The current stock price of Surf Air Mobility (SRFM) is $3.31 as of December 20, 2024.

What is the market cap of Surf Air Mobility (SRFM)?

The market cap of Surf Air Mobility (SRFM) is approximately 47.8M.

What is Surf Air Mobility Inc.?

Surf Air Mobility Inc. (SRFM) is an electric aviation and air travel company focused on expanding regional air travel through sustainable, electric-powered flights.

What services does Surf Air Mobility Inc. provide?

Surf Air Mobility Inc. provides air mobility services aimed at connecting communities sustainably through advanced electric aviation technologies.

How does Surf Air Mobility Inc. generate revenue?

The company generates revenue through its air mobility services, offering efficient and sustainable travel solutions.

What recent achievements has Surf Air Mobility Inc. made?

Recent achievements include successful pilot programs of electric aircraft and strategic partnerships to extend their service network.

What is the core business of Surf Air Mobility Inc.?

The core business involves developing a regional air mobility ecosystem by electrifying air travel and connecting underserved communities sustainably.

Who are Surf Air Mobility Inc.’s partners?

Surf Air Mobility Inc. collaborates with leading technology firms and aviation pioneers to develop next-generation propulsion systems and infrastructure.

What is unique about Surf Air Mobility Inc.'s approach to air travel?

The company's unique approach includes integrating electric propulsion technologies into their fleet to offer sustainable and eco-friendly air travel solutions.

How is Surf Air Mobility Inc. contributing to sustainability?

Surf Air Mobility Inc. contributes to sustainability by focusing on electric aviation, reducing carbon emissions, and promoting eco-friendly regional air travel.

Where can I get the latest updates about Surf Air Mobility Inc.?

You can get the latest updates and news about Surf Air Mobility Inc. on StockTitan, which provides real-time information and developments.

What are the future plans of Surf Air Mobility Inc.?

Future plans include further electrification of their fleet, expansion of their regional air mobility network, and continued innovation in sustainable aviation technologies.

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Surf Air Mobility Inc.

NYSE:SRFM

SRFM Rankings

#4895 Ranked by Market Cap
N/A Ranked by Dividends

SRFM Stock Data

47.77M
12.37M
16.47%
41.21%
5%
Airlines
Air Transportation, Nonscheduled
Link
United States of America
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