Blade Air Mobility Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 13, 2025
SRTA$6.02-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows F-
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(27,307) | $(56,076) |
| Adjustments to reconcile net loss to net cash and restricted cash used in operating activities: | ||
| Depreciation and amortization | 5,962 | 7,111 |
| Stock-based compensation | 19,893 | 12,501 |
| Change in fair value of warrant liabilities | 850 | (2,125) |
| Excess of lease liability over operating right-of-use assets | (123) | — |
| Gain on lease modification | (622) | — |
| Accretion of interest income on held-to-maturity securities | (3,990) | (6,519) |
| Deferred tax benefit | (255) | (1,466) |
| Impairment of intangible assets | 5,759 | 20,753 |
| Bad debt expense | 335 | 163 |
| Other | (12) | 46 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 6,352 | (6,032) |
| Accounts receivable | (998) | (10,254) |
| Other non-current assets | (70) | 4 |
| Operating right-of-use assets/lease liabilities | 164 | 379 |
| Accounts payable and accrued expenses | (8,338) | 9,049 |
| Deferred revenue | (119) | 117 |
| Net cash used in operating activities | (2,519) | (32,349) |
| Cash Flows From Investing Activities: | ||
| Acquisitions, net of cash acquired | (2,230) | — |
| Capitalized software development costs | (2,119) | — |
| Investment in joint venture | — | (39) |
| Purchase of property and equipment | (30,875) | (2,109) |
| Proceeds from disposal of property and equipment | 13 | 138 |
| Purchase of short-term investments | — | (135) |
| Proceeds from sales of short-term investments | — | 20,532 |
| Purchase of held-to-maturity investments | (143,255) | (265,835) |
| Proceeds from maturities of held-to-maturity investments | 177,450 | 264,537 |
| Net cash (used in) / provided by investing activities | (1,016) | 17,089 |
| Cash Flows From Financing Activities: | ||
| Proceeds from the exercise of common stock options | 168 | 70 |
| Taxes paid related to net share settlement of equity awards | (5,683) | (146) |
| Repurchase and retirement of common stock | (244) | — |
| Net cash used in financing activities | (5,759) | (76) |
| Effect of foreign exchange rate changes on cash balances | (80) | (66) |
| Net decrease in cash and cash equivalents and restricted cash | (9,374) | (15,402) |
| Cash and cash equivalents and restricted cash - beginning | 29,021 | 44,423 |
| Cash and cash equivalents and restricted cash - ending | $19,647 | $29,021 |
| Reconciliation to consolidated balance sheets | ||
| Cash and cash equivalents | $18,378 | $27,873 |
| Restricted cash | 1,269 | 1,148 |
| Total cash, cash equivalents and restricted cash | $19,647 | $29,021 |
| Supplemental cash flow information | ||
| Cash paid for: | ||
| Income taxes | $— | $16 |
| Non-cash investing and financing activities: | ||
| New leases under ASC 842 entered into during the period | $8,406 | $9,760 |
| Common stock issued for settlement of earn-out previously in accounts payable and accrued expenses | 3,022 | 1,785 |
| Purchases of PPE and capitalized software in accounts payable and accrued expenses | 375 | — |
| Modification of existing right-of-use assets ("ROU") and lease liability (Note 6) | 12,684 | — |
| Derecognition of ROU assets and lease liability | (6,367) | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.