IPO Year: 2023
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2024 | $2.50 → $1.00 | Buy → Hold | Canaccord Genuity |
| 9/8/2023 | $4.00 | Overweight | Piper Sandler |
| 8/28/2023 | $3.00 | Buy | Canaccord Genuity |
| 8/22/2023 | Outperform | Bernstein |
10-Q - SURF AIR MOBILITY INC. (0001936224) (Filer)
8-K - SURF AIR MOBILITY INC. (0001936224) (Filer)
8-K - SURF AIR MOBILITY INC. (0001936224) (Filer)
8-K - SURF AIR MOBILITY INC. (0001936224) (Filer)
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8-K - SURF AIR MOBILITY INC. (0001936224) (Filer)
Surf Air Mobility Inc. (NYSE:SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations. Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on the Events & Presentations page of the Company's investor website here. Deanna White, Interim CEO & COO of Surf Air Mobility, said: "We are excited to introduce our four-phase Transformation Plan, which we're confident positions us on a path to profitability. Securing the $50 million term loan complete
$50 Million Term Loan Secured to Fund Transformation Plan and Path to Profitability Revenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 Million Adjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. "The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air m
Company Receives Four Year Term Loan from Comvest Partners, a Multi-Billion-Dollar Investment Management Firm At SOFR +5%, Term Loan Lowers Company's Cost of Capital and Minimizes Dilution Robust Cash Position Enables New Management Team to Advance Four Phase Transformation Plan Surf Air Mobility Inc. (NYSE:SRFM) ("the Company"), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest paym
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobil
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it received an Acceptance Letter from the NYSE's Listings Operations Committee, dated August 20, 2024, stating that the NYSE has accepted the Company's previously submitted plan to regain compliance with the NYSE's listing standards. In the Acceptance Letter, the NYSE confirmed that the Company has until November 20, 2025 to regain compliance with the continued listing standards. Additional details regarding the Acceptance Letter are included in, and the description above is qualified in its entirety by, Surf Air's Current Report on Form 8-K furnished with the SEC on August 21, 2024, which w
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024. "Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to e
The companies have been working together since 2021 deploying operator software used by Surf Air Mobility. Surf Air will leverage Palantir's AIP to build a unique and transformative set of software tools for regional air operators and electrified aircraft OEMs. Surf Air Mobility (NYSE:SRFM) ("Surf Air Mobility", "Surf Air"), a leading regional air mobility platform, has announced that it intends to form Surf Air Technologies LLC ("Surf Air Technologies"), a new venture that will develop, market, and sell AI-powered software tools to create a category-defining operating system for the advanced air mobility industry. Surf Air Technologies' core platform, "SurfOS", will be powered by Palanti
Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility," "we," or "the Company") announced today the terms of the Company's previously disclosed reverse stock split (the "Reverse Split"). Authorization for the Reverse Split was approved by stockholders at Surf Air Mobility's Annual Meeting on June 25, 2024. On August 8, 2024, the Board of Directors selected a Reverse Split ratio of 1-for-7 shares (the "Split Ratio") pursuant to the authorization approved by stockholders. The Reverse Split will be effective at 12:01 am Eastern Time on August 19, 2024 for all outstanding shares of Surf Air Mobility's common stock. The Company's common stock will continue to trade under the symbol "SRFM" and
Parties Agree to Cancel Previously Issued Shares, Restrict Sales, Provide for Redemption Rights, and Restore Capacity Under $400 Million Share Subscription Facility Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory convertible security (the "Security"). The Security has a par amount of $35.2 million and is convertible into a maximum of 8,000,000 shares of the Company's common stock. The Company, in consultation with its board of directors, agreed to the sale of the Security to GEM with objectives of: Reducing near-term overhang: Cancels a signifi
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air m
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$50 Million Term Loan Secured to Fund Transformation Plan and Path to Profitability Revenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 Million Adjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. "The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air m
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobil
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024. "Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to e
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air m
WEST LAFAYETTE, IN, May 14, 2024 (GLOBE NEWSWIRE) -- Purdue University Airport (LAF) enters a new era on May 15th as it launches the first commercial air service since 2004, offering 4 weekly round-trip flights from West Lafayette to Chicago O'Hare (ORD). In addition, construction will soon begin on the new, $11.8 million, approximately 9,400-square-foot Amelia Earhart Terminal. But LAF's proximity to Purdue University means it's uniquely situated to address critical needs throughout the aviation industry. Beyond commercial air service, the airport is also a living lab, full of opportunities for Indiana's second-busiest airport to supercharge the spheres of aviation, logistics and conn
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release their first quarter 2024 financial results after market close on Tuesday, May 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air travel through electrificati
Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0) million, which includes investment in R&D for electrification and software, stock-based compensation, impairments, transaction costs and other non-recurring items. Full Year 2023 Pro Forma Adjusted EBITDA of $(50.9) million, achieving 2023 guidance. Surf Air Mobility is providing unaudited pro forma results for the fourth quarter and year to date period ended December 31, 2023, which assumes the acquisition of Southern Airways closed as of the beginning of 2022. Surf
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release their fourth quarter 2023 and full year 2023 financial results after market close on Thursday, March 28, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air trave
Surf Air Mobility Inc. (NYSE:SRFM), a regional air mobility platform aiming to sustainably connect the world's communities, today announced that it will release their third quarter 2023 financial results after market close on Tuesday, November 14, 2023, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. ABOUT SURF AIR MOBILITY Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air t
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Saint-Cyr will oversee air operations for Mokulele Airlines, the Hawai'i-based subsidiary of Surf Air Mobility Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility","Surf Air","the company"), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai'i Operations. As President of Hawaii Operations, Mr. Saint-Cyr will oversee the entirety of Surf Air Mobility's travel brand, Mokulele Airlines ("Mokulele"), including the air operations, safety and compliance, airport management, guest experience, state and local government relations, and community engagement. Mr
Deanna White, former CFO, will become Chief Operating Officer and interim CEO, Stan Little to assume role of "Founder" Q1 2024 Revenue of $30.6 million, up 9.5% Year-Over-Year on a Pro Forma Basis, Beats Guidance Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call. CEO Transition: Surf Air Mobility Inc. today announced that Southern Airways founder and current Surf Air CEO Stan Little will transition to a "Founder's" role. Former CFO and current Senior Advis
Bryce Van promoted to Chief Accounting Officer; Deanna White to become Senior Advisor Surf Air Mobility Inc. (NYSE:SRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer. Mr. Reeves will lead the Company's financial and capital markets strategies leveraging his nearly two decades of experience in the investment management, enterprise technology, and insurance industries. He will start his new role in January, 2024. Mr. Reeves recently worked at Xinuos, Inc., where he served as the Chief Strategy Officer since 2019. "We are very pleased to have Oliver join us on our journey
Canaccord Genuity downgraded Surf Air Mobility from Buy to Hold and set a new price target of $1.00 from $2.50 previously
Piper Sandler initiated coverage of Surf Air Mobility with a rating of Overweight and set a new price target of $4.00
Canaccord Genuity initiated coverage of Surf Air Mobility with a rating of Buy and set a new price target of $3.00
Bernstein initiated coverage of Surf Air Mobility with a rating of Outperform
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Gainers Surf Air Mobility (NYSE:SRFM) stock moved upwards by 38.0% to $0.58 during Thursday's after-market session. The company's market cap stands at $48.2 million. Simpple (NASDAQ:SPPL) stock rose 14.12% to $0.59. The market value of their outstanding shares is at $9.6 million. Knightscope (NASDAQ:KSCP) stock increased by 5.57% to $0.25. The market value of their outstanding shares is at $26.7 million. Polar Power (NASDAQ:POLA) stock moved upwards by 5.4% to $0.39. The company's market cap stands at $6.8 million. Exela Technologies (NASDAQ:XELA) stock increased by 4.39% to $2.14. The market value of their outstanding shares is at $13.6 million. Aqua Metals (NASDAQ:AQMS) stock moved u
Shares of Jabil Inc. (NYSE:JBL) fell sharply during Thursday's session following third-quarter results. Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from Benzinga Pro. Jabil said it expects fourth-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.8 billion) and adjusted EPS to $2.03 – $2.43 (consensus: $2.22). Jabil shares dipped 7.8% to $116.37 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NA
Gainers Nano Nuclear Energy (NASDAQ:NNE) stock rose 28.8% to $14.95 during Thursday's regular session. The company's market cap stands at $432.7 million. Surf Air Mobility (NYSE:SRFM) shares increased by 21.33% to $0.39. The company's market cap stands at $32.2 million. BEST (NYSE:BEST) shares increased by 15.65% to $2.66. The company's market cap stands at $53.4 million. Orion Energy Sys (NASDAQ:OESX) stock increased by 12.71% to $1.33. The market value of their outstanding shares is at $43.3 million. Smart Powerr (NASDAQ:CREG) stock moved upwards by 12.38% to $1.09. The company's market cap stands at $9.1 million. Sun Country Airlines (NASDAQ:SNCY) shares increased by 10.89% to $11.4
Gainers Volato Group (AMEX:SOAR) shares moved upwards by 28.7% to $0.85 during Monday's after-market session. The market value of their outstanding shares is at $24.8 million. Addentax Group (NASDAQ:ATXG) stock rose 11.6% to $1.0. The company's market cap stands at $6.0 million. Earlyworks Co (NASDAQ:ELWS) stock rose 10.55% to $2.2. The company's market cap stands at $6.6 million. Nature's Miracle Holding (NASDAQ:NMHI) shares increased by 4.99% to $0.66. The market value of their outstanding shares is at $17.5 million. Exela Technologies (NASDAQ:XELA) stock moved upwards by 4.42% to $2.36. The market value of their outstanding shares is at $15.0 million. Lichen China (NASDAQ:LICN) shar
Gainers Momentus (NASDAQ:MNTS) shares rose 8.9% to $0.59 during Thursday's after-market session. The market value of their outstanding shares is at $9.8 million. Getaround (NYSE:GETR) stock increased by 7.07% to $0.16. The company's market cap stands at $15.3 million. Spire Global (NYSE:SPIR) shares moved upwards by 5.06% to $11.0. The company's market cap stands at $267.4 million. BlackSky Technology (NYSE:BKSY) stock increased by 4.28% to $1.04. The market value of their outstanding shares is at $150.2 million. Solidion Technology (NASDAQ:STI) stock increased by 3.7% to $1.96. The market value of their outstanding shares is at $170.3 million. As per the news, the Q1 earnings report ca
Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility", "Surf Air", "the company"), a leading regional air mobility platform, announced today that Jim Sullivan, an experienced airline executive and former airline captain, will become President of Air Mobility starting July 15th.
Gainers Primech Holdings (NASDAQ:PMEC) shares moved upwards by 12.5% to $0.69 during Thursday's pre-market session. The company's market cap stands at $24.4 million. Roma Green Finance (NASDAQ:ROMA) shares rose 8.49% to $0.57. The market value of their outstanding shares is at $5.9 million. MISTRAS Group (NYSE:MG) shares moved upwards by 7.14% to $9.0. The company's market cap stands at $278.7 million. Ocean Power Techs (AMEX:OPTT) shares increased by 7.04% to $0.16. The company's market cap stands at $9.7 million. Nuburu (AMEX:BURU) stock increased by 6.43% to $0.16. The company's market cap stands at $5.9 million. FTC Solar (NASDAQ:FTCI) stock moved upwards by 4.99% to $0.48. The mar
Gainers WANG & LEE Group (NASDAQ:WLGS) shares moved upwards by 39.5% to $0.88 during Wednesday's pre-market session. The company's market cap stands at $13.2 million. Rentokil Initial (NYSE:RTO) stock rose 12.29% to $30.23. The company's market cap stands at $15.1 billion. AERWINS Technologies (NASDAQ:AWIN) stock rose 9.41% to $3.95. The market value of their outstanding shares is at $3.6 million. Surf Air Mobility (NYSE:SRFM) stock increased by 7.83% to $0.3. The company's market cap stands at $24.9 million. KULR Tech Gr (AMEX:KULR) shares increased by 7.35% to $0.37. The market value of their outstanding shares is at $68.0 million. Montana Technologies (NASDAQ:AIRJ) shares rose 5.46%