---
schema_version: "secwatch.filing_event.v1"
accession: "0001779128-24-000062"
form_type: "8-K"
ticker: "SRTA"
cik: "0001779128"
company_name: "Strata Critical Medical, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:31:31.339659+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blade Q1 net loss narrows to $4.2M; Medical revenue record $36M, up 34.6% YoY

## Summary
- Total Q1 revenue of $51.5M, up 13.8% YoY; Medical segment revenue hit a record $36.0M.
- Net loss improved to ($4.2M) from ($10.2M) a year ago; Adjusted EBITDA loss narrowed to ($3.5M).
- Medical Segment Adjusted EBITDA reached $4.4M (+134.5%); Passenger EBITDA loss improved to ($2.7M).
- Company reaffirms FY 2024 Adjusted EBITDA profitability and double-digit millions target for 2025.
- Gross profit margin expanded to 11.4% from 7.1%, driven by higher-margin Medical revenue.

## SEC filing metadata
- accession: 0001779128-24-000062
- form_type: 8-K
- ticker: SRTA
- cik: 0001779128
- company_name: Strata Critical Medical, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779128/000177912824000062/0001779128-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779128/000177912824000062/blde-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779128-24-000062
- JSON: https://secwatch.observer/filing/0001779128-24-000062.json
- Plain text: https://secwatch.observer/filing/0001779128-24-000062.txt

## Key facts
- Earnings Releases
  Strata Critical Medical, Inc. updated its the first quarter ended March 31, 2024 guidance (reaffirmed).
  - Period: the first quarter ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 7, 2024, Blade Air Mobility, Inc. (“Blade”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779128/000177912824000062/0001779128-24-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.