Surf Air Mobility Q4 Revenue $26.8M, Pro Forma Revenue $27.4M Vs $25.69M Est.; FY23 EPS $(6.35) Vs $(5.51) YoY; Revenue $60.5M
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility reported Q4 revenue of $26.8M and pro forma revenue of $27.4M, surpassing the $25.69M estimate. FY23 EPS was $(6.35), compared to $(5.51) year-over-year, with annual revenue reaching $60.5M.
March 28, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Surf Air Mobility exceeded Q4 revenue estimates and reported a year-over-year increase in annual revenue to $60.5M, despite a wider EPS loss.
The positive revenue performance, especially exceeding the Q4 estimates, indicates strong operational performance and could lead to increased investor confidence in the short term. However, the wider EPS loss year-over-year might temper some of the positive sentiment. Overall, the net effect is likely to be positive due to the revenue beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100