NYSE$SRFM

Surf Air Mobility Inc · Q1 2024 earnings

Q1 2024 earnings ·

Briefing

SRFM Q1 2024 — $10.0M revenue

Statements regarding the Company’s future results of operations and financial position, business strategy and plans and objectives of management for. Surf Air Mobility Inc reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $10.0M.
  • Operating income: $34K.
  • Filed on Form 10-Q (accession 0000950170-24-060529).

Headline financials

Total Revenue

$30.6M

No prior period
EPS

-$0.48

No prior period
Capital Expenditures

-$715K

No prior period
Free Cash Flow

-$37.7M

No prior period
Net Income

-$37M

No prior period
Operating Income

-$34.5M

No prior period
Gross Profit

-$28.5M

No prior period
Cash & Equivalents

$1.28M

No prior period
Total Assets

$109M

No prior period

Revenue & EPS history

Surf Air Mobility Inc · Revenue · Quarterly

$30.6M

Q1 2024
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-4.0%

Avg return

Earnings day

-8.4%

Avg return

5 days after

-4.4%

Avg return

30 days after

38%

3 / 8 earnings

Positive

+4.7%

Q1 2025

Best reaction

-13.6%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-8.8%-12.4%-19.0%
Q3 2025-8.5%-19.0%-28.6%
Q1 2025+4.7%-4.7%-18.6%
Q3 2024-6.0%+19.7%+118.6%
Q2 2024+3.7%-21.0%-39.4%
Q1 2024-13.6%-18.2%-39.7%
Q3 2023-4.6%-32.3%-23.9%
Q2 2023+0.7%+20.6%+15.6%

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