BLDE Earnings Prediction
The chart below shows how BLDE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLDE sees a +3.61% change in stock price 10 days leading up to the earnings, and a -2.19% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
BLDE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
74.88M
4.81%
10.20%
Gross Margin
26.49%
21.46%
10.05%
Operating Margin
-4.72%
-54.75%
-73.60%
Net Margin
-2.61%
-752.50%
-84.34%
EPS
-0.03
--
-80.00%
No Data Available
BLDE Earnings Analysis
Blade Air Mobility, Inc. Class A Common Stock Corporation (BLDE.O) Earnings Conference Call
Positive
Flight Profit Surge: In Q3 2024, Blade Air Mobility achieved a significant 27.3% year-over-year increase in flight profit, with adjusted EBITDA rising to $4.2 million, compared to $0.8 million in the prior year period.
Passenger Segment Profit Surge: The passenger segment saw a remarkable 31% increase in flight profit compared to the prior year, with adjusted EBITDA margins doubling to 14.4% from 7.3%.
Medical Segment EBITDA Improvement: Blade's medical segment adjusted EBITDA improved by 15.1% year-over-year, with margins expanding by 70 basis points despite a challenging quarter for U.S. organ transplant volumes.
Strong Cash Flow Generation: The company generated $6.4 million of operating cash flow, reflecting strong conversion of adjusted EBITDA into cash, and $3.7 million of free cash flow before aircraft acquisitions in the quarter.
Strategic Business Realignment: Blade's strategic exit from unprofitable business lines and focus on routes with the most attractive growth and profitability characteristics is expected to enhance overall profitability moving forward.
Negative
Medical Revenue Analysis: In Q3 2024, medical revenue rose 7.8% year-over-year to $36.1 million, but sequentially fell 5.9% versus Q2 2024.
Jet Revenue Decline: Jet and other revenues declined 15% year-over-year, primarily driven by lower revenue per flight due to softer jet charter industry pricing.
Margin Performance Analysis: Despite significant margin improvement in the passenger segment, the medical segment adjusted EBITDA margin declined sequentially by 370 basis points.
Market Exit Impact: The company exited the Western Canada market, which negatively impacted overall profit potential and revenue expectations for 2025.
Cash Flow and Liquidity: Operating cash flow was primarily driven by cash inflow from working capital, indicating potential liquidity issues if working capital changes.
BLDE FAQs
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BLDE Earning Call Sentiment
Blade Air Mobility, Inc. (BLDE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BLDE.O
-6.81%Positive
The earnings call reveals record high revenues in the Medical segment and strong financial performance, with increased flight profit and operating cash flow. Despite some operational risks and variability in the medical business, the company is confident in long-term performance due to market share gains and customer retention. Share repurchase plans and a strong cash position are positive indicators. The Q&A highlights management's proactive approach to operational challenges and strategic market exits. Overall, the positive financial metrics and strategic initiatives outweigh the risks, suggesting a positive stock price movement.
