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Blade Air Mobility, Inc. Stock Research

BLDE

3.64USD+0.12(+3.41%)Market Closed

Market Summary

USD3.64+0.12
Market Closed
3.41%

BLDE Stock Price

BLDE RSI Chart

BLDE Valuation

Market Cap

260.1M

Price/Earnings (Trailing)

-23.49

Price/Sales (Trailing)

1.96

EV/EBITDA

-20

Price/Free Cashflow

-7.44

BLDE Price/Sales (Trailing)

BLDE Profitability

Operating Margin

16.05%

EBT Margin

-12.86%

Return on Equity

-3.92%

Return on Assets

-3.39%

Free Cashflow Yield

-13.45%

BLDE Fundamentals

BLDE Revenue

Revenue (TTM)

132.6M

Revenue Y/Y

125.05%

Revenue Q/Q

28.31%

BLDE Earnings

Earnings (TTM)

-11.1M

Earnings Y/Y

-0.66%

Earnings Q/Q

-209.9%

Price Action

52 Week Range

3.029.90
(Low)(High)

Last 7 days

-15.3%

Last 30 days

-15.7%

Last 90 days

-10.6%

Trailing 12 Months

-44.1%

BLDE Financial Health

Current Ratio

11.14

BLDE Investor Care

Shares Dilution (1Y)

3.56%

Diluted EPS (TTM)

-0.18

Financials for Blade Air Mobility

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue23.7%132,603,000107,197,00084,515,00067,158,00050,526,000
  S&GA Expenses10.1%6,831,0006,206,0005,183,0003,970,0002,868,000
EBITDA-541.2%-10,412,0002,360,0441,081,044--
EBITDA Margin-381.2%-0.080.030.01--
Earnings Before Taxes3.4%-17,052,000-17,659,970-21,691,970--
EBT Margin-1200.1%-0.13-0.01-0.01--
Interest Expenses65.6%2,182,0001,318,0001,003,000743,000460,000
Net Income-0.6%-11,073,000-11,012,000-43,710,000-36,919,000-40,052,000
Net Income Margin18.7%-0.08-0.10-0.52-0.44-
Free Cahsflow-1.7%-34,985,000-34,399,000-31,961,000-22,117,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.8%327324327336343
  Current Assets-19.0%225278285295314
    Cash Equivalents-72.2%52.001872.003.007.00
  Net PPE-3.6%2.002.002.002.002.00
  Goodwill139.0%32.0013.0013.0013.0013.00
Liabilities37.8%44.0032.0045.0045.0052.00
  Current Liabilities9.3%20.0019.0016.0013.0010.00
Shareholder's Equity-3.3%283292281291291
  Retained Earnings-11.7%-88.26-79.02-87.43-76.42-77.19
  Additional Paid-In Capital0.4%373372371369369
Accumulated Depreciation9.4%2.002.001.00--
Shares Outstanding0.6%71.0071.0071.0070.0069.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-1.7%-34.04-33.48-31.09-21.63-15.62
  Share Based Compensation-20.7%9.0011.0011.0011.0010.00
Cashflow From Investing-57.1%84.00195-305-316-321
Cashflow From Financing-9.0%-4.04-3.71332331332

Risks for BLDE

What is the probability of a big loss on BLDE?

63.9%


Probability that Blade Air Mobility stock will be more than 20% underwater in next one year

63.3%


Probability that Blade Air Mobility stock will be more than 30% underwater in next one year.

61.5%


Probability that Blade Air Mobility stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BLDE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Blade Air Mobility was unfortunately bought at previous high price.

Drawdowns

Returns for BLDE

Cumulative Returns on BLDE

-24.9%


3-Year Cumulative Returns

Which funds bought or sold BLDE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
OLD MISSION CAPITAL LLC
new
-
5,263
5,263
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
1,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-9,917
75,083
-%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
-2,496
19,504
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
1,951
1,951
-%
2023-02-21
B. Riley Wealth Advisors, Inc.
reduced
-37.04
-39,312
48,688
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
-1,561
13,439
-%
2023-02-15
UNITED CAPITAL FINANCIAL ADVISERS, LLC
reduced
-32.18
-50,032
75,968
-%
2023-02-15
Cerity Partners LLC
reduced
-0.18
-4,200
35,800
-%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
-14,208
115,792
-%

1–10 of 41

Latest Funds Activity

Are funds buying BLDE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own BLDE
No. of Funds

Blade Air Mobility News

Simply Wall St

We Wouldn't Be Too Quick To Buy Seagate Technology Holdings plc (NASDAQ:STX) Before It Goes Ex-Dividend.

Simply Wall St,
49 minutes ago

Simply Wall St

Marketscreener.com

Marketing Sentinel

Schedule 13G FIlings of Blade Air Mobility

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hg vora capital management, llc
11.0%
7,876,453
SC 13G/A
Feb 13, 2023
goldman sachs group inc
3.3%
2,415,757
SC 13G/A
Feb 09, 2023
steele expco holdings, llc
16.3%
12,423,000
SC 13G/A
Feb 03, 2023
sumitomo mitsui trust holdings, inc.
6.75%
4,841,415
SC 13G/A
Feb 03, 2023
blackrock inc.
5.2%
3,701,629
SC 13G
Jan 19, 2023
rb lift llc
4.86%
3,479,826
SC 13D
Feb 14, 2022
nikko asset management americas, inc.
6.14%
4,332,774
SC 13G
Feb 09, 2022
ark investment management llc
11.26%
7,941,557
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 04, 2022
sumitomo mitsui trust holdings, inc.
6.14%
4,332,774
SC 13G

BLDE Fair Value

Recent SEC filings of Blade Air Mobility

View All Filings
Date Filed Form Type Document
Mar 14, 2023
8-K
Current Report
Mar 01, 2023
4
Insider Trading
Feb 28, 2023
8-K
Current Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
8-K
Current Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
SC 13G
Major Ownership Report

Latest Insider Trading transactions for BLDE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
Tomkiel Melissa M.
acquired
10,516
0.18
58,423
president and general counsel
2023-02-01
Heyburn William A.
acquired
8,901
0.18
49,451
chief financial officer
2023-01-09
Heyburn William A.
sold
-14,959
3.474
-4,306
chief financial officer
2023-01-09
Cohen Amir
sold
-9,539
3.474
-2,746
chief accounting officer
2023-01-09
Tomkiel Melissa M.
sold
-17,852
3.474
-5,139
president and general counsel
2023-01-09
WIESENTHAL ROBERT S
sold
-37,776
3.474
-10,874
chief executive officer
2023-01-04
Heyburn William A.
acquired
10,122
0.18
56,238
chief financial officer
2023-01-04
Tomkiel Melissa M.
acquired
3,004
0.18
16,693
president and general counsel
2022-12-14
Cohen Amir
sold
-36,231
4.55
-7,963
chief accounting officer
2022-11-18
Keene Brandon A.
sold
-139,504
4.79345
-29,103
chief innovation officer

1–10 of 50

Robert S. Wiesenthal
130
Blade Air Mobility, Inc. provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.

BLDE Income Statement

2022-09-30
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue$ 45,722$ 20,316$ 107,985$ 42,540
Operating expenses    
Cost of revenue[1]36,45615,85590,68533,628
Software development[1]2,0268443,9231,456
General and administrative[1]15,81212,11541,93426,748
Selling and marketing[1]1,8561,2315,2942,433
Total operating expenses56,15030,045141,83664,265
Loss from operations(10,428)(9,729)(33,851)(21,725)
Other non-operating income (expense)    
Change in fair value of warrant liabilities425(3,418)22,241(18,331)
Realized loss from sales of short-term investments(359)0(2,071)0
Recapitalization costs attributable to warrant liabilities0110(1,731)
Interest income, net1,1733091,892453
Total other non-operating income (expense)1,239(3,098)22,062(19,609)
Loss before income taxes(9,189)(12,827)(11,789)(41,334)
Income tax expense (benefit)56(3,643)56(3,643)
Net loss$ (9,245)$ (9,184)$ (11,845)$ (37,691)
Net loss per share (Note 8):    
Basic (in dollars per share)$ (0.13)$ (0.13)$ (0.17)$ (0.77)
Diluted (in dollars per share)$ (0.13)$ (0.13)$ (0.17)$ (0.77)
Weighted-average shares used to compute net loss per share:    
Basic (in shares)71,466,08569,011,62371,099,76448,814,039
Diluted (in shares)71,466,08569,011,62371,099,76448,814,039
[1]Prior period amounts have been updated to conform to current period presentation.

BLDE Balance Sheet

2022-09-30
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 51,845$ 2,595
Restricted cash1,139630
Accounts receivable11,2715,548
Short-term investments150,378279,374
Prepaid expenses and other current assets10,7736,798
Total current assets225,406294,945
Non-current assets:  
Property and equipment, net2,2202,045
Investment in joint venture390200
Intangible assets, net48,53324,421
Goodwill31,85213,328
Operating right-of-use asset16,944713
Other non-current assets1,312232
Total assets326,657335,884
Current liabilities:  
Accounts payable and accrued expenses11,5626,369
Deferred revenue6,0365,976
Operating lease liability, current2,627438
Total current liabilities20,22512,783
Non-current liabilities:  
Warrant liability9,06731,308
Operating lease liability, long-term14,516278
Deferred tax liability144144
Total liabilities43,95244,513
Commitments and Contingencies (Note 9)
Stockholders' Equity  
Preferred stock, $0.0001 par value, 2,000,000 shares authorized at September 30, 2022 and December 31, 2021. No shares issued and outstanding at September 30, 2022 and December 31, 2021.00
Common stock, $0.0001 par value; 400,000,000 authorized; 71,506,665 and 70,667,381 shares issued at September 30, 2022 and December 31, 2021, respectively.77
Additional paid in capital373,223368,680
Accumulated other comprehensive loss(2,262)(898)
Accumulated deficit(88,263)(76,418)
Total stockholders' equity282,705291,371
Total Liabilities and Stockholders' Equity$ 326,657$ 335,884