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Blade(BLDE) - 2022 Q1 - Quarterly Report
2022-05-10 11:58
Table of Contents bl f C UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-39046 BLADE AIR MOBILITY, INC. | --- | --- | --- | --- | --- | |------------------------------------- ...
Blade(BLDE) - 2021 Q4 - Earnings Call Transcript
2022-02-11 01:47
Financial Data and Key Metrics Changes - Revenues for Q4 2021 increased by 208% to $24.6 million compared to $8 million in Q4 2020, and increased by 371% compared to $5.2 million in Q4 2019 [7] - Full calendar year revenues for 2021 were $67.2 million, up 156% from 2020 and up 106% from pre-COVID 2019 [8] - Flight profit for Q4 2021 increased by 146% to $4 million compared to $1.6 million in Q4 2020, and was negative $0.6 million in Q4 2019 [7] Business Line Data and Key Metrics Changes - Short Distance revenues increased by 191% to $6.2 million in Q4 2021 compared to $2.1 million in Q4 2020 [15] - MediMobility Organ Transport and Jet revenues increased by 227% to $18 million in Q4 2021 compared to $5.5 million in Q4 2020 [16] - Flight margin decreased to 16% in Q4 2021 from 20% in Q4 2020, primarily due to the relaunch of BLADE Airport service [17] Market Data and Key Metrics Changes - The company has seen a limited impact from the Omicron variant on its BLADE Airport and Vancouver businesses in Q1 2022 [22] - The annualized passenger run rate for BLADE Airport dropped to approximately 5,000 in early January but has since doubled to about 10,000 [24] Company Strategy and Development Direction - The company is focused on expanding and diversifying its services and geographies, with a strong emphasis on MediMobility and Jet divisions [10][14] - The transition to Electric Vertical Aircraft (EVA) is a key strategic goal, with ongoing partnerships to enhance technology and infrastructure [12][26] - The company aims to leverage its asset-light model to quickly adapt to market opportunities, particularly in the Northeast [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of travel demand as mask mandates are lifted and workers return to offices [23] - The company does not expect a material impact on revenues in Q1 2022 despite the Omicron outbreak [11] - Management highlighted the strong growth potential in the MediMobility business, which is expected to continue benefiting from synergies with the retail business [34][52] Other Important Information - General and administrative expenses increased significantly due to corporate overhead costs and public company-related expenses [19] - The company is actively monitoring the situation regarding potential flight restrictions in East Hampton and is prepared to adapt its operations accordingly [41] Q&A Session Summary Question: Updates on Short Distance revenues and LaGuardia service - Management sees a huge market opportunity in connecting Northeast cities and plans to restart LaGuardia service when conditions are favorable [30][31] Question: Growth expectations for MediMobility versus Airport services - MediMobility is expected to contribute the majority of revenues, with strong growth driven by synergies with the retail business [34] Question: Expansion plans for the West Coast and Miami - The company is being opportunistic about expanding to the West Coast and sees potential growth in Miami due to increased demand from New York transplants [36][50] Question: Impact of rising fuel costs on margins - Management does not expect rising fuel costs to materially impact margins, as fuel is a small portion of overall trip costs [46] Question: Insights on hybrid business-leisure travel trends - The company has observed an increase in leisure travelers using BLADE Airport, which has positively impacted overall demand [45]
Blade Air Mobility (BLDE) Investor Presentation (Slideshow)
2022-01-14 18:15
Investor Presentation – January 6, 2022 Forward Looking Statements This presentation 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 "anticipate", "believe", "could", "continue", "expect", "estimate", "may", "plan", "outlook", "scheduled," "future" and "project" and other similar exp ...
Blade(BLDE) - 2021 Q4 - Annual Report
2021-12-20 21:44
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39046 BLADE AIR MOBILITY, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |----------- ...
Blade(BLDE) - 2021 Q3 - Earnings Call Transcript
2021-08-17 02:16
Blade Air Mobility, Inc. (NASDAQ:BLDE) Q3 2021 Earnings Conference Call August 16, 2021 8:30 AM ET Company Participants Tom Cook - IR Rob Wiesenthal - Founder, CEO Will Heyburn - CFO Conference Call Participants Etah Michelle - Citi Jason Helfstein - Oppenheimer Operator Good morning, and welcome to the Blade Air Mobility, Inc., fiscal Third Quarter 2021 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mr. T ...
Blade(BLDE) - 2021 Q2 - Quarterly Report
2021-08-16 11:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-39046 BLADE AIR MOBILITY, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- ...
Blade(BLDE) - 2021 Q1 - Quarterly Report
2021-05-24 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10–Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-39046 BLADE AIR MOBILITY, INC. (Exact name of registrant as specified in its charter) Delaware 84-1890381 (State or other juri ...
Blade(BLDE) - 2020 Q4 - Annual Report
2021-03-10 11:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39046 Experience Investment Corp. (Exact name of registrant as specified in its charter) | --- | --- | |------------------------------- ...
Blade(BLDE) - 2020 Q3 - Quarterly Report
2020-11-10 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A Common Stock and one-third of one Redeemable Warrant EXPCU The NASDAQ Stock Market LLC Class A Common Stock, par value $0.0001 per share EXPC The NASDAQ Stock Market LLC Warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share EXPCW The NASDAQ Stock Market LLC FORM 10-Q ...
Blade(BLDE) - 2020 Q2 - Quarterly Report
2020-08-13 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A Common Stock and one-third of one Redeemable Warrant EXPCU The NASDAQ Stock Market LLC Class A Common Stock, par value $0.0001 per share EXPC The NASDAQ Stock Market LLC Warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share EXPCW The NASDAQ Stock Market LLC FORM 10-Q ...