{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-038109","form_type":"8-K","ticker":"SRFM","cik":"0001936224","company_name":"SURF AIR MOBILITY INC.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.337784+00:00","generated_at":"2026-06-04T06:42:37.549232+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Surf Air Mobility FY24 rev beat guidance $112.9M pro forma; GAAP loss $(250.7)M; Q1 rev guided $28.5-29.5M","bullets":["FY23 GAAP revenue $60.5M; pro forma revenue $112.9M (+12% YoY), beating 2023 guidance.","FY23 GAAP net loss $(250.7)M vs $(74.4)M prior year; pro forma net loss $(185.0)M.","FY23 pro forma adjusted EBITDA $(50.9)M, achieving guidance; Q4 adj EBITDA $(18.4)M.","Q1 2024 revenue guidance $28.5-29.5M; pro forma adj EBITDA guidance $(14.0)-$(17.0)M.","Signed MOUs for electric Caravan conversion with African carriers (13% of fleet); partnerships with Palantir, Electra.aero."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-038109","json":"https://secwatch.observer/filing/0000950170-24-038109.json","markdown":"https://secwatch.observer/filing/0000950170-24-038109.md","text":"https://secwatch.observer/filing/0000950170-24-038109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/srfm-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:42:37.549232+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2bb95b9a0b254466f1fe7f80863070b0874ec200","claim":"SURF AIR MOBILITY INC. reported first quarter 2024 results: revenue in the range of $28.5 million to $29.5 million. Guidance initiated.","evidence_excerpt":"FIRST QUARTER 2024 FINANCIAL OUTLOOK ● Revenue, in the range of $28.5 million to $29.5 million. ● Pro forma adjusted EBITDA, in the range of $(17.0) million to $(14.0) million, which excludes the expected impact of stock-based compensation, changes in fair value of financial instruments, and other non-recurring items.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"in the range of $28.5 million to $29.5 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"2e71302e1405e397b42ff45108c855746c3674de","claim":"SURF AIR MOBILITY INC. reported fourth quarter ended December 31, 2023 results: revenue GAAP revenue of $26.8 million, net income GAAP Net Loss of $(110.5) million.","evidence_excerpt":"GAAP revenue of $26.8 million. Pro forma revenue of $27.4 million for fourth quarter 2023, compared to $27.7 million for the same period of the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"GAAP revenue of $26.8 million"},{"label":"Net income","value":"GAAP Net Loss of $(110.5) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b3cba2ed53c2e1ef52b15a4f68a945783be94637","claim":"SURF AIR MOBILITY INC. reported the year ended December 31, 2023 results: revenue GAAP revenue of $60.5 million, net income GAAP net loss of $(250.7) million.","evidence_excerpt":"EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023 • Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. • Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"GAAP revenue of $60.5 million"},{"label":"Net income","value":"GAAP net loss of $(250.7) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}