Blade Air Mobility (BLDE)

Company Profile

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, BLDEW

Exchange

NASDAQ

Website

www.blade.com

CEO

Eric L. Affeldt

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Administrative and Support and Waste Management and Remediation Services > All Other Business Support Services

Industry (SIC)

Air Transportation, Nonscheduled

Atlas Air Worldwide • Bristow • Bristow • Wheels Up Experience • Surf Air Mobility • Star Jets International ...

Former names

Experience Investment Corp.

SEC CIK

0001779128

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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 • FlyBlade LLC • Trinity Air Medical, LLC ...

IRS number

841890381

BLDE stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$6.50

Low target

$5.00

High target

$8.00

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

In the Court of Chancery of the State of Delaware

10 Nov 22

Results of Operations and Financial Condition

9 Aug 22

Results of Operations and Financial Condition

9 Aug 22

Transcripts

View all

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

BLDE

Earnings call transcript

2021 Q3

17 Aug 21

Latest ownership filings

View all

HG Vora Capital Management, LLC

14 Feb 23

SC 13G/A

GOLDMAN SACHS GROUP INC

13 Feb 23

SC 13G/A

ARK Investment Management LLC

10 Feb 23

SC 13G/A

Nikko Asset Management Americas, Inc.

10 Feb 23

SC 13G/A

Steele ExpCo Holdings, LLC

9 Feb 23

SC 13G/A

Sumitomo Mitsui Trust Holdings, Inc.

Financial summary

Financial statements Chart BLDE financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
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
Cash on hand
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)	44.42 mm	44.42 mm	44.42 mm	44.42 mm	44.42 mm	44.42 mm
Cash burn (monthly)	(no burn)	(no burn)	6.56 mm	4.46 mm	3.03 mm	3.09 mm
Cash used (since last report)	n/a	n/a	19.55 mm	13.30 mm	9.05 mm	9.22 mm
Cash remaining	n/a	n/a	24.87 mm	31.13 mm	35.38 mm	35.20 mm
Runway (months of cash)	n/a	n/a	3.8	7.0	11.7	11.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

BLDE institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	100	100	–
Opened positions	14	12	+16.7%
Closed positions	14	12	+16.7%
Increased positions	24	22	+9.1%
Reduced positions	33	33	–

13F shares	Current	Prev Q	Change
Total value	133.92 bn	273.56 mm	+48854.4%
Total shares	51.50 mm	51.39 mm	+0.2%
Total puts	406.60 k	436.10 k	-6.8%
Total calls	173.90 k	200.40 k	-13.2%
Total put/call ratio	2.3	2.2	+7.4%

Largest owners	Shares	Value	Change
Steele ExpCo	12.42 mm	$0.00	-10.5%
HG Vora Capital Management	7.88 mm	$28.25 bn	0.0%
ARK Investment Management	7.02 mm	$25.14 bn	-4.3%
CMTDF Sumitomo Mitsui Trust	4.84 mm	$17.33 bn	-0.7%
Nikko Asset Management Americas	4.84 mm	$17.28 bn	-0.7%
BLK Blackrock	3.70 mm	$13.25 bn	-0.1%
Vanguard	2.81 mm	$10.04 bn	-0.1%
STT State Street	1.21 mm	$4.35 bn	NEW
Geode Capital Management	990.37 k	$3.55 mm	+3.1%
Etf Managers	788.61 k	$2.82 bn	+15.2%

Largest transactions	Shares	Bought/sold	Change
Steele ExpCo	12.42 mm	-1.46 mm	-10.5%
STT State Street	1.21 mm	+1.21 mm	NEW
Clear Sky Advisers	360.00 k	+360.00 k	NEW
ARK Investment Management	7.02 mm	-318.54 k	-4.3%
Boothbay Fund Management	143.49 k	+143.49 k	NEW
Aspen Grove Capital	125.00 k	+125.00 k	NEW
Deane Retirement Strategies	247.88 k	+115.21 k	+86.8%
Etf Managers	788.61 k	+104.10 k	+15.2%
Swiss National Bank	0.00	-100.20 k	EXIT
Ionic Capital Management	152.66 k	+73.41 k	+92.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BLDE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Mar 23	Melissa M. Tomkiel	Class A common stock, $0.0001 par value per share	Option exercise	Acquire M	No	No	0.18	13,889	2.50 k	1,439,253
16 Mar 23	Melissa M. Tomkiel	Stock Option Class A common stock, $0.0001 par value per share	Option exercise	Dispose M	No	No	0.18	13,889	2.50 k	174,056
28 Feb 23	Melissa M. Tomkiel	Class A common stock, $0.0001 par value per share	Option exercise	Acquire M	No	No	0.18	58,423	10.52 k	1,425,364
28 Feb 23	Melissa M. Tomkiel	Stock Option Class A common stock, $0.0001 par value per share	Option exercise	Dispose M	No	No	0.18	58,423	10.52 k	187,945
1 Feb 23	William A. Heyburn	Class A common stock, $0.0001 par value per share	Option exercise	Acquire M	No	No	0.18	49,451	8.90 k	1,498,723
1 Feb 23	William A. Heyburn	Stock Option Class A common stock, $0.0001 par value per share	Option exercise	Dispose M	No	No	0.18	49,451	8.90 k	0
9 Jan 23	Amir Cohen	Class A common stock, $0.0001 par value per share	Sell	Dispose S	No	No	3.474	2,746	9.54 k	135,982
9 Jan 23	William A. Heyburn	Class A common stock, $0.0001 par value per share	Sell	Dispose S	No	No	3.474	4,306	14.96 k	1,449,272