Blade Air Mobility Expects FY24 Revenue of $240M-$250M Vs $257.19M Est and Double-Digit YoY Revenue Growth in FY25
Portfolio Pulse from Benzinga Newsdesk
Blade Air Mobility projects its FY24 revenue to be between $240M-$250M, which is below the estimated $257.19M. Additionally, the company anticipates double-digit YoY revenue growth and double-digit Adjusted EBITDA for FY25.
March 12, 2024 | 11:18 am
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NEUTRAL IMPACT
Blade Air Mobility's FY24 revenue projection falls short of expectations, but anticipates strong growth in FY25.
The lower than expected revenue forecast for FY24 might initially disappoint investors, potentially putting short-term pressure on BLDE's stock price. However, the anticipation of double-digit revenue growth and EBITDA in FY25 could mitigate negative sentiment and suggest a positive outlook for the company's future profitability and growth, balancing the short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100