Blade Air Mobility, Inc. Stock Research

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/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	23.7%	132,603,000	107,197,000	84,515,000	67,158,000	50,526,000
S&GA Expenses	10.1%	6,831,000	6,206,000	5,183,000	3,970,000	2,868,000
EBITDA	-541.2%	-10,412,000	2,360,044	1,081,044	-	-
EBITDA Margin	-381.2%	-0.08	0.03	0.01	-	-
Earnings Before Taxes	3.4%	-17,052,000	-17,659,970	-21,691,970	-	-
EBT Margin	-1200.1%	-0.13	-0.01	-0.01	-	-
Interest Expenses	65.6%	2,182,000	1,318,000	1,003,000	743,000	460,000
Net Income	-0.6%	-11,073,000	-11,012,000	-43,710,000	-36,919,000	-40,052,000
Net Income Margin	18.7%	-0.08	-0.10	-0.52	-0.44	-
Free Cahsflow	-1.7%	-34,985,000	-34,399,000	-31,961,000	-22,117,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	0.8%	327	324	327	336	343
Current Assets	-19.0%	225	278	285	295	314
Cash Equivalents	-72.2%	52.00	187	2.00	3.00	7.00
Net PPE	-3.6%	2.00	2.00	2.00	2.00	2.00
Goodwill	139.0%	32.00	13.00	13.00	13.00	13.00
Liabilities	37.8%	44.00	32.00	45.00	45.00	52.00
Current Liabilities	9.3%	20.00	19.00	16.00	13.00	10.00
Shareholder's Equity	-3.3%	283	292	281	291	291
Retained Earnings	-11.7%	-88.26	-79.02	-87.43	-76.42	-77.19
Additional Paid-In Capital	0.4%	373	372	371	369	369
Accumulated Depreciation	9.4%	2.00	2.00	1.00	-	-
Shares Outstanding	0.6%	71.00	71.00	71.00	70.00	69.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-1.7%	-34.04	-33.48	-31.09	-21.63	-15.62
Share Based Compensation	-20.7%	9.00	11.00	11.00	11.00	10.00
Cashflow From Investing	-57.1%	84.00	195	-305	-316	-321
Cashflow From Financing	-9.0%	-4.04	-3.71	332	331	332

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 ascending	Fund Name	Type	% 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	-%

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

Schedule 13G FIlings of Blade Air Mobility

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About Blade Air Mobility

Robert S. Wiesenthal

www.blade.com

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 Ended

9 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]

36,456

15,855

90,685

33,628

Software development

^[1]

2,026

844

3,923

1,456

General and administrative

^[1]

15,812

12,115

41,934

26,748

Selling and marketing

^[1]

1,856

1,231

5,294

2,433

Total operating expenses

56,150

30,045

141,836

64,265

Loss from operations

(10,428)

(9,729)

(33,851)

(21,725)

Other non-operating income (expense)

Change in fair value of warrant liabilities

425

(3,418)

22,241

(18,331)

Realized loss from sales of short-term investments

(359)

(2,071)

Recapitalization costs attributable to warrant liabilities

(1,731)

Interest income, net

1,173

309

1,892

453

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)

(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)

$ (0.17)

$ (0.77)

Diluted (in dollars per share)

$ (0.13)

$ (0.17)

$ (0.77)

Weighted-average shares used to compute net loss per share:

Basic (in shares)

71,466,085

69,011,623

71,099,764

48,814,039

Diluted (in shares)

71,466,085

69,011,623

71,099,764

48,814,039

[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 cash	1,139	630
Accounts receivable	11,271	5,548
Short-term investments	150,378	279,374
Prepaid expenses and other current assets	10,773	6,798
Total current assets	225,406	294,945
Non-current assets:
Property and equipment, net	2,220	2,045
Investment in joint venture	390	200
Intangible assets, net	48,533	24,421
Goodwill	31,852	13,328
Operating right-of-use asset	16,944	713
Other non-current assets	1,312	232
Total assets	326,657	335,884
Current liabilities:
Accounts payable and accrued expenses	11,562	6,369
Deferred revenue	6,036	5,976
Operating lease liability, current	2,627	438
Total current liabilities	20,225	12,783
Non-current liabilities:
Warrant liability	9,067	31,308
Operating lease liability, long-term	14,516	278
Deferred tax liability	144	144
Total liabilities	43,952	44,513
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.	0	0
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.	7	7
Additional paid in capital	373,223	368,680
Accumulated other comprehensive loss	(2,262)	(898)
Accumulated deficit	(88,263)	(76,418)
Total stockholders' equity	282,705	291,371
Total Liabilities and Stockholders' Equity	$ 326,657	$ 335,884