24/7 Market News Snapshot 13 March, 2025 – Blade Air Mobility, Inc. Class A Common Stock (NASDAQ:BLDE)

March 13, 2025

DENVER, Colo., 13 March, 2025 (247marketnews.com) – (NASDAQ:BLDE) are discussed in this article.
Blade Air Mobility, Inc. is experiencing notable market activity today, with shares opening at $3.27 and currently trading up approximately 14.77% to $3.248, reflecting a bullish trend following the previous day’s closing at $2.83. The trading volume is robust at 1.43 million shares, indicating substantial investor interest. Analysts suggest that the stock may encounter support around the $3.00 mark and resistance near $3.50, urging traders to monitor volume patterns closely as sustained high trading volumes could confirm the upward trend, whereas a decline might signal potential exhaustion in the current rally.

In tandem with this market movement, Blade has recently reported its financial performance for the fourth quarter and the entire fiscal year ending December 31, 2024, showcasing remarkable strides in revenue and profitability. The company recorded a reduction in net loss to $(27.3) million, down by $28.8 million year-over-year, along with a significant enhancement in Adjusted EBITDA by $17.8 million, reaching $1.2 million for the fiscal year. The fourth quarter alone saw a 14.5% annual increase in revenue, climbing to $54.4 million, with a more pronounced growth of 22.1% when excluding discontinued Canadian operations.

Blade’s Passenger Segment achieved an impressive Adjusted EBITDA of $3.6 million, marking an $8.6 million increase, while the Medical Segment demonstrated exceptional performance with a 119.6% growth in Adjusted EBITDA. These developments led CEO Rob Wiesenthal to express confidence in the company’s strategic direction, particularly in urban air mobility products, which play a critical role in advancing sustainable transportation solutions. Blade’s strong cash position, concluding the year with $127.1 million in cash and short-term investments, underscores its capacity for significant investment in innovative air mobility initiatives, marking its commitment to transforming the air transportation landscape.

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