Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or "eVTOL"), enabling lower cost air mobility to the public that is both quiet and emission-free.
Company profile
Ticker
BLDE
Exchange
Website
CEO
Eric L. Affeldt
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Experience Investment Corp.
SEC CIK
Corporate docs
Subsidiaries
Blade Europe Holdings LLC • Blade Europe SAS • Blade France SAS • Blade Monaco SARL • Blade Urban Air Mobility, Inc. • Blade Urban Air Mobility (Canada), Inc. • Blade Urban Ground Mobility LLC • Blade US LLC • Fly Blade LLC • Trinity Air Medical, LLC ...
IRS number
841890381
BLDE stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K
Changes in Registrant's Certifying Accountant
22 Mar 24
8-K
Blade Air Mobility Announces $20 Million Share Repurchase Program
20 Mar 24
10-K
2023 FY
Annual report
12 Mar 24
8-K
Results of Operations and Financial Condition
12 Mar 24
S-8
Registration of securities for employees
23 Feb 24
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Results of Operations and Financial Condition
8 Nov 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
BLDE
Earnings call transcript
2023 Q4
12 Mar 24
BLDE
Earnings call transcript
2023 Q3
8 Nov 23
BLDE
Earnings call transcript
2023 Q2
9 Aug 23
BLDE
Earnings call transcript
2023 Q1
11 May 23
BLDE
Earnings call transcript
2022 Q4
14 Mar 23
BLDE
Earnings call transcript
2022 Q3
9 Nov 22
BLDE
Earnings call transcript
2022 Q2
9 Aug 22
BLDE
Earnings call transcript
2022 Q2
10 May 22
BLDE
Earnings call transcript
2022 Q1
11 Feb 22
BLDE
Earnings call transcript
2021 Q4
20 Dec 21
Latest ownership filings
4/A
Melissa M. Tomkiel
17 Apr 24
4/A
William A. Heyburn
17 Apr 24
4
ROBERT S WIESENTHAL
5 Apr 24
4
Amir Cohen
5 Apr 24
4
Melissa M. Tomkiel
5 Apr 24
4
William A. Heyburn
5 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Sep 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 38.27 mm | 38.27 mm | 38.27 mm | 38.27 mm | 38.27 mm | 38.27 mm |
Cash burn (monthly) | 373.00 k | 1.23 mm | 2.48 mm | 4.38 mm | (no burn) | 2.68 mm |
Cash used (since last report) | 2.55 mm | 8.38 mm | 16.96 mm | 29.93 mm | n/a | 18.30 mm |
Cash remaining | 35.73 mm | 29.90 mm | 21.31 mm | 8.34 mm | n/a | 19.98 mm |
Runway (months of cash) | 95.8 | 24.4 | 8.6 | 1.9 | n/a | 7.5 |
Institutional ownership, Q3 2023
67.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 107 |
Opened positions | 19 |
Closed positions | 7 |
Increased positions | 31 |
Reduced positions | 24 |
13F shares | Current |
---|---|
Total value | 88.50 bn |
Total shares | 50.64 mm |
Total puts | 565.80 k |
Total calls | 187.40 k |
Total put/call ratio | 3.0 |
Largest owners | Shares | Value |
---|---|---|
Steele ExpCo | 12.42 mm | $0.00 |
ARK Investment Management | 6.79 mm | $17.60 bn |
CMTDF Sumitomo Mitsui Trust | 4.26 mm | $11.03 bn |
Nikko Asset Management Americas | 4.26 mm | $10.99 bn |
RB Lift | 3.83 mm | $12.29 mm |
BLK Blackrock | 3.82 mm | $9.89 bn |
Vanguard | 2.82 mm | $7.30 bn |
STT State Street | 2.02 mm | $5.24 bn |
Geode Capital Management | 1.18 mm | $3.07 bn |
Northern Right Capital Management | 722.33 k | $1.87 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Apr 24 | Amir Cohen | Class A common stock, $0.0001 par value per share | Sell | Dispose S | No | No | 3.2778 | 4,220 | 13.83 k | 95,382 |
3 Apr 24 | William A. Heyburn | Class A common stock, $0.0001 par value per share | Sell | Dispose S | No | No | 3.2778 | 20,552 | 67.37 k | 1,404,468 |
3 Apr 24 | Melissa M. Tomkiel | Class A common stock, $0.0001 par value per share | Sell | Dispose S | No | No | 3.2778 | 22,836 | 74.85 k | 1,291,121 |
3 Apr 24 | Wiesenthal Robert S | Class A common stock, $0.0001 par value per share | Sell | Dispose S | No | No | 3.2778 | 25,418 | 83.32 k | 7,149,493 |
3 Apr 24 | Melissa M. Tomkiel | Class A common stock, $0.0001 par value per share | Sell | Dispose S | No | No | 3.2778 | 11,734 | 38.46 k | 1,302,223 |
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Press releases
Blade Air Mobility Announces Opening of Investor Q&A Platform Ahead of its Release of Fiscal First Quarter 2024 Financial Results
23 Apr 24
Blade Air Mobility Reports Financial Results for the Fourth Quarter Ended December 31, 2023
12 Mar 24
Blade Air Mobility to Present at Baird's 2024 Vehicle, Technology and Mobility Conference
26 Feb 24
Blade Air Mobility Announces Date for Fourth Quarter and Calendar Year Ending December 31, 2023 Earnings Release Conference Call
12 Feb 24