other material
confidence high
sentiment positive
materiality 0.85
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.