Surf Air Mobility Q3 pro forma revenue $28.9M (+6.2% YoY); GAAP net loss $74.6M

SURF AIR MOBILITY INC.

2023-Q3 EPS reported -$5.03 revenue$33,669,000

GAAP revenue $21.9M; pro forma revenue $28.9M, up 6.2% YoY on a pro forma basis.
GAAP net loss widened to $74.6M from $21.1M in Q3 2022; pro forma net loss $50.8M.
Pro forma adjusted EBITDA loss of $14.7M vs $10.2M loss a year ago.
Full-year 2023 guidance maintained: pro forma revenue $107.5M-$112.5M; pro forma adjusted EBITDA loss $46.3M-$56.3M.
Order confirmed for 100 Cessna Grand Caravan EX aircraft; 11 deliveries expected in 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SURF AIR MOBILITY INC. reported the third quarter ended September 30, 2023 results: revenue $21.9 million, net income $(74.6) million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $21.9 million
Net income: $(74.6) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Surf Air Mobility Reports Revenue Growth In Third Quarter 2023 and Maintains Full Year Guidance Third Quarter 2023 GAAP Revenue of $21.9 million and Pro Forma 1 Revenue of $28.9 million, up 6.2% on a pro forma basis Year-Over-Year and On Track To Meet Full-year 2023 Guidance

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Source: SEC EDGAR

accession 0000950170-23-063719

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