Surf Air Mobility Q2 revenue $32.4M beats guidance; EBITDA loss narrows; Palantir venture formed

SURF AIR MOBILITY INC.

2024-Q2 EPS reported -$0.80 revenue$62,990,000

Revenue $32.4M, up 13.2% YoY pro forma, exceeding $28-31M guidance.
GAAP net loss $(27.0)M vs $(44.5)M prior year; adj EBITDA loss $(11.8)M outperforming $(18)-(16)M guidance.
Regional airline ops (Southern Airways) turned positive adjusted EBITDA in Q2.
Entered venture with Palantir to form Surf Air Technologies for AI software.
Q3 guidance: revenue $25-28M, adj EBITDA loss $(13)-(10)M; cites aircraft maintenance issues.

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