Blade Air Mobility Q2 net loss narrows to $3.7M; sells Passenger division to Joby for up to $125M

Strata Critical Medical, Inc.

Q2 net loss improved $7.6M YoY to $(3.7)M; Adjusted EBITDA $3.2M vs $0.96M YoY.
Medical revenue grew 17.6% YoY; Medical Adjusted EBITDA $6.0M (+9.3%).
Sells Blade Passenger division to Joby Aviation for up to $125M; Medical becomes standalone public company rebranded as Strata.
Sale expected to be Adjusted EBITDA and Free Cash Flow neutral on a go forward basis.

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