Blade Air Mobility Inc (NASDAQ:BLDE) reported fourth-quarter fiscal 2023 revenue growth of 24.5% year-over-year to $47.48 million, missing the consensus of $48.4 million.
The company’s net loss for the quarter expanded to $(33.94) million, compared to a loss of $(15.52) million a year ago.
BLDE’s Passenger loss widened to $(25.35) million, and Medical loss contracted to $(2.44) million. Flight profit rose 65.7% Y/Y to $9.01 million, and the margin improved by 471 bps to 19%.
Total …