Surf Air Mobility reports Q2 pro forma revenue $28.3M (+17.5% YoY); guides FY23 pro forma revenue $107.5-112.5M

SURF AIR MOBILITY INC.

2023-Q2 EPS reported -$4.60 revenue$11,702,000

GAAP Q2 revenue: Surf Air $6.2M, Southern $22.4M; pro forma operating loss $15.1M, including $3.9M one-time deal costs.
Pro forma Q2 adjusted EBITDA loss $7.8M (vs. ($3.7M) YoY), driven by investments in technology and electrification.
FY 2023 pro forma revenue guidance $107.5-112.5M (+6.9-11.8% YoY); adj. EBITDA loss guidance $(46.3)-$(56.3)M.
Shortening Form S-1 registration period to Sept 1, 2023, enabling institutional roadshows and locking ~6.6M affiliate shares until Jan 2024.
Long-term outlook: 20-25% revenue growth, 35-45% gross margin; 2025 revenue target $210-230M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.74

SURF AIR MOBILITY INC. updated its second quarter ended June 30, 2023 guidance (raised).

Period: second quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 16, 2023, Surf Air Mobility Inc. (the " Company ") issued (a) a press release announcing the Company’s financial results for the second quarter ended June 30, 2023

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SURF AIR MOBILITY INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-068310

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