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Blade Air Mobility (BLDE)
NASDAQ:BLDE
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.45Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 0.26%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, particularly with the passenger business achieving profitability ahead of schedule and strategic developments in the medical segment. However, there were notable challenges, including declines in jet revenues and operational issues in the medical segment. Despite these, the positive developments and strategic initiatives indicate an overall positive outlook.Company Guidance
During the Blade Air Mobility Q3 2024 earnings call, the company provided updated guidance, highlighting a significant year-ahead achievement of a positive segment adjusted EBITDA in their passenger business for the trailing 12 months ending September 30, 2024. Blade reported a 27.3% year-over-year increase in flight profit, with adjusted EBITDA reaching $4.2 million, increasing more than fivefold from $0.8 million in the prior year. The company generated $6.4 million in operating cash flow and $3.7 million in free cash flow before aircraft acquisitions. For 2024, Blade reiterated its revenue guidance of $240 million to $250 million and projected positive adjusted EBITDA. Looking forward to 2025, the company anticipates double-digit adjusted EBITDA, medical revenue growth in the double digits, and passenger revenue between $85 million and $95 million, reflecting strategic exits and continued growth in core business areas.Passenger Business Achieves Profitability
Blade's passenger business reached positive segment adjusted EBITDA in the trailing 12-month period ending September 30, 2024, more than a year ahead of previous guidance.
Significant Margin Expansion
Passenger and Medical segments drove a 27.3% year-over-year increase in flight profit, with adjusted EBITDA of $4.2 million growing fivefold from the prior year.
Strategic Alliance with OrganOx
Blade announced a strategic partnership with OrganOx to enhance the availability of Metra perfusion devices, aimed at increasing the utilization of donor organs.
Medical Segment Growth
Medical segment adjusted EBITDA improved by 15.1% in Q3 2024, with a significant rebound in activity reported for October, achieving one of the highest monthly revenue levels in company history.
Strong Cash Flow Generation
Generated $6.4 million in operating cash flow and $3.7 million in free cash flow before aircraft acquisitions in the quarter.
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BLDE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLDE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $3.83 | $3.49 | -8.88% |
| Aug 07, 2024 | $2.77 | $3.25 | +17.33% |
| May 07, 2024 | $3.62 | $3.58 | -1.10% |
| Mar 12, 2024 | $3.99 | $2.78 | -30.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blade Air Mobility (BLDE) report earnings?
Blade Air Mobility (BLDE) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Blade Air Mobility (BLDE) earnings time?
Blade Air Mobility (BLDE) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLDE EPS forecast?
BLDE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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