Tech has been the runaway success story of investing for years now. Even with increased volatility, no other sector has quite matched big tech’s ability to deliver outsized returns over the long-run. It’s why many of the top mega-cap companies are simply dominated by technology-oriented firms on the S&P 500. But while the big dogs tend to grab the headlines, smaller tech stocks could be poised for even greater growth.I’ll highlight three tech stocks that Wall Street analysts believe could see their share pr ...

peepo A person does not grow from the ground like a vine or a tree, one is not part of a plot of land. Mankind has legs so it can wander. ― Roman Payne Today, we take a look at transportation firm that is seeing rapid sales growth and moving towards profitability sooner than projected as well. Add in a rock-solid balance sheet and this small cap concern seems heading to brighter horizons in 2024. An analysis follows below. Seeking Alpha Company Overview: November Company Presentation Blade Air Mobility, Inc ...

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (NASDAQ:BLDE, "Blade" or the "Company"))), a technology-powered air mobility platform, today announced that Management will present at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024 at 4:30 am ET. A webcast of the event will be available at the link here. A replay will be available shortly after the conclusion of the presentation on the investor relations section of the company's website at https://ir.blade.com/ne ...

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced that Management will present at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024 at 4:30 am ET. A webcast of the event will be available at the link here. A replay will be available shortly after the conclusion of the presentation on the investor relations section of the company’s website at https://ir.blade.com/new ...

BLADE November 2023 FORWARD LOOKING STATEMENTS Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: our continued incurrence of significant losses; ...

Blade Air Mobility, Inc. (NASDAQ:BLDE) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Lee Gold – Investor Relations Rob Wiesenthal – Founder and Chief Executive Officer Will Heyburn – Chief Financial Officer Conference Call Participants Hillary Cacanando – Deutsche Bank Jason Helfstein – Oppenheimer Bill Peterson – JPMorgan Itay Michaeli – Citi Jon Hickman – Ladenburg Thalmann Operator Good morning, ladies and gentlemen, and welcome to the Blade Air Mobility Fiscal Third Q ...

Financial Performance - Revenue for Q3 2023 reached $71,442,000, a 56% increase from $45,722,000 in Q3 2022[71] - Year-to-date revenue for the nine months ended September 30, 2023, was $177,702,000, up 64% from $107,985,000 in the same period of 2022[71] - For the three months ended September 30, 2023, Blade Air Mobility reported revenue of $30.71 million, a decrease from $45.72 million in the same period of 2022, representing a decline of approximately 33%[107] - Total revenue for the nine months ended September 30, 2023, was $177,702,000, a 64.4% increase from $107,985,000 in the same period of 2022[161] - Passenger segment revenue for the three months ended September 30, 2023, was $37,995,000, up 48.9% from $25,503,000 in the same period of 2022[161] - Medical segment revenue for the three months ended September 30, 2023, was $33,447,000, an increase of 65.0% compared to $20,219,000 in the same period of 2022[161] Expenses and Losses - Cost of revenue for Q3 2023 was $55,863,000, compared to $36,456,000 in Q3 2022, reflecting a 53% increase[71] - Operating expenses totaled $78,890,000 in Q3 2023, up from $56,150,000 in Q3 2022, marking a 40% increase[71] - The net loss for Q3 2023 was $289,000, a significant improvement compared to a net loss of $9,245,000 in Q3 2022[71] - The company reported a net loss of $7,448 million for Q3 2023, an improvement from a loss of $10,428 million in Q3 2022[214] - Comprehensive loss for the nine months ended September 30, 2023, was $22,692,000, compared to a comprehensive loss of $13,209,000 for the same period in 2022[110] Assets and Liabilities - Cash and cash equivalents as of September 30, 2023, were $36.82 million, down from $43.30 million at the end of 2022, reflecting a decrease of approximately 15%[104] - Total assets decreased to $317.51 million as of September 30, 2023, from $325.03 million at the end of 2022, a decline of about 2.3%[104] - Total liabilities increased to $54.64 million as of September 30, 2023, compared to $50.54 million at the end of 2022, representing an increase of approximately 8.3%[104] - Blade's accumulated deficit increased to $125.81 million as of September 30, 2023, from $103.68 million at the end of 2022, indicating a rise of approximately 21.3%[104] Stock and Equity - The company had 74,633,754 shares of common stock outstanding as of November 1, 2023, an increase from 71,660,617 shares at the end of 2022[93] - Total stockholders' equity as of September 30, 2023, was $262,877,000, a decrease from $282,705,000 as of September 30, 2022[114] - The total number of common stock shares outstanding as of September 30, 2023, was 74,208,433, an increase from 71,506,665 shares as of September 30, 2022[114] Operational Insights - Blade plans to leverage expected lower operating costs of Electric Vertical Aircraft (EVA) to reduce flight prices and enhance market competitiveness[61] - The company aims to expand its passenger segment into dense urban areas, focusing on markets with existing air transportation infrastructure[60] - Blade's proprietary technology stack is designed to scale operations and improve logistics capabilities, facilitating future growth[52] - The company has experienced significant seasonality, with flight volume peaking in Q2 and Q3 due to summer travel[75] - Blade's asset-light business model allows for a seamless transition to EVA, which is expected to be quieter and emission-free[53] Other Financial Metrics - Blade's interest income for the three months ended September 30, 2023, was $2.15 million, compared to $1.17 million in the same period of 2022, marking an increase of approximately 83.5%[107] - The company reported stock-based compensation of $9,348,000 for the nine months ended September 30, 2023, compared to $5,627,000 for the same period in 2022[118] - The company experienced a foreign currency translation adjustment loss of $1,500,000 for the three months ended September 30, 2023[110] - The company recognized $5,213 of revenue from the contract liability balance for the nine months ended September 30, 2023[157] - The company operates in three key product lines: Jet and Other, MediMobility Organ Transport, and Short Distance[158]

BLADE Investor Presentation August 2023 BLADE FORWARD LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as "will", "anticipate," "believe," "could," "continue," "expect," "estimate," "may," "plan," "outlook," "future" and "project" and other similar e ...

Blade Air Mobility, Inc. (NASDAQ:BLDE) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Ravi Jani – Vice President-Investor Relations Rob Wiesenthal – Founder and Chief Executive Officer Will Heyburn – Chief Financial Officer Conference Call Participants Jason Helfstein – Oppenheimer Hillary Cacanando – Deutsche Bank Bill Peterson – JPMorgan Stephen Ju – Credit Suisse Jon Hickman – Ladenburg Operator Good morning, ladies and gentlemen, and welcome to the Blade Air Mobility Fis ...

Passenger segment Medical segment bl f C Medical Adjusted EBITDA increased by $2.8 million or 138%, for the six months ended June 30, 2023 from $2.1 million in same period of 2022 to $4.9 million in 2023. The increase is attributable to $5.2 million increase in Flight Profit due to higher revenue driven by the addition of new clients, growth within existing clients and organ transplant market growth, partially offset by a $2.4 million increase in fixed costs, primarily staff costs in order to support the hi ...