Blade Air Mobility, Inc. (BLDE) Reports Q2 Revenue of $9.27M

Blade Air Mobility, Inc. (NASDAQ: BLDE) reported Q2 revenue of $9.27 million, versus $6.45 million reported last year.

• Net loss increased to $(4.2) million from $(3.4) million in the prior year period, driven by higher G&A costs (primarily due to higher stock based compensation expense), partially offset by increased revenues and lower cost of sales as a percentage of revenues.
• Adjusted EBITDA of $(2.2) million improved versus $(3.1) million in the prior year period, driven by increased revenues and lower cost of sales as a percentage of revenues

For earnings history and earnings-related data on Blade Air Mobility, Inc. (BLDE) click here.

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