Streetbeat News

SRFM

Surf Air Mobility Inc.

https://www.surfair.com

Industry

Airlines, Airports & Air Services

Surf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. It offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties; and air cargo services. The company is headquartered in Hawthorne, California.

Open

1.80

Mkt cap

30M

Volume

57K

High

1.93

P/E Ratio

-0.12

52-wk high

11.83

Low

1.79

Div yield

N/A

52-wk low

0.90

In Friday's pre-market session, several industrials stocks showed significant movement. Expion360, Swvl Hldgs, Energous, 1847 Holdings, Surf Air Mobility, and View were among the gainers, with increases ranging from 6.08% to 14.4%. Conversely, MillerKnoll, Urban-gro, Earlyworks Co, Staffing 360 Solutions, Caravelle Intl Gr, and ESS Tech experienced declines between 5.18% and 22.1%.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

Surf Air Mobility Inc. (SRFM) reported a Q4 EPS of $(1.32), significantly missing the $(0.28) estimate. However, their sales of $26.84M exceeded the $25.69M estimate.

Portfolio Pulse from dijoy@benzinga.com

March 28, 2024 | 8:50 pm

Surf Air Mobility Inc. (NYSE:SRFM) reported its Q4 earnings with non-GAAP losses of 28 cents per share and revenue of $26.8 million, slightly beating the revenue estimate. The company also reported a fiscal year 2023 loss of $6.35 per share. Significant achievements include a direct listing on the NYSE and a merger with Southern Airways. The company forecasts Q1 revenue to be between $28.5 million and $29.5 million, below the $32.3 million estimate. Shares rose 4.39% in after-hours trading.

Portfolio Pulse from Erica Kollmann

March 28, 2024 | 8:15 pm

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.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:07 pm

Surf Air Mobility reported an expected Q1 revenue of $28.5M-$29.5M, falling short of the estimated $32.3M.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:06 pm

Surf Air Mobility's CFO, Oliver Reeves, outlines the company's strategy for 2024, focusing on growth, profitability, expense reduction, and disciplined capital allocation. This includes exploring high ROI opportunities and potential route expansions.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:06 pm

Earnings reports for March 28, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Walgreens Boots Alliance and MSC Industrial Direct Co anticipate earnings, while others like Shimmick and Affimed project losses. The diversity of industries, from healthcare to technology and finance, highlights the varied performance within the market.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 9:24 am

Surf Air Mobility Inc. (NYSE:SRFM) has signed a memorandum of understanding with Tanzanian air operator Auric Air to upgrade up to 12 Cessna Grand Caravan aircraft with Surf Air's electrified powertrains. This agreement aims to reduce emissions and direct operating costs significantly. Surf Air, which is developing both hybrid and fully-electric variants for the Cessna Grand Caravan, now covers approximately 13% of the Cessna Caravan market in Africa. The company has also secured similar agreements with other air operators in East Africa and Brazil, highlighting its commitment to reducing the environmental impact of flying.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 12:32 pm

TransMedics Group, Inc. (TMDX) shares surged 23.5% in pre-market trading after reporting Q4 earnings of 12 cents per share, surpassing estimates for a 3 cent loss, and sales of $81.17 million, beating expectations of $68.51 million. The company also issued strong guidance. Other stocks showed significant movement in pre-market trading, with notable gainers including Janux Therapeutics, Inc. (JANX), PubMatic, Inc. (PUBM), and losers like The Aaron's Company, Inc. (AAN), and Unity Software Inc. (U).

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 12:56 pm

Palantir Technologies Inc. has reported a 7.1% stake in Surf Air Mobility Inc., according to a 13G filing with the SEC as of February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:45 pm

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