Surf Air Mobility Q4 revenue $28.05M beats guidance; FY Adj EBITDA loss narrows 13%

SURF AIR MOBILITY INC.

Q4 revenue $28.05M (+5% YoY) exceeded $25-28M guidance; net income of $1.3M vs ($111M) loss YoY.
Q4 Adj EBITDA loss $6.9M improved 63% YoY, within guidance of $5-8M loss.
FY 2024 revenue $119.4M (+6% vs pro-forma $112.9M); Adj EBITDA loss $44.1M (-13% vs pro-forma).
Secured $50M term loan from Comvest Partners; extended debt maturity to Dec 2028; cut liabilities >$42M.
Q1 2025 guidance: revenue $21-24M, Adj EBITDA loss $12-15M; reaffirms 2025 airline profitability target.

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