secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0000950170-24-038109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility FY24 rev beat guidance $112.9M pro forma; GAAP loss $(250.7)M; Q1 rev guided $28.5-29.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/srfm-20240328.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-038109

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