Surf Air Mobility
SRFM

$1.35

8.78%

Market Cap: $17.3M

About: Surf Air Mobility Inc provides a regional air mobility platform to connect communities sustainably. The company is an electric aviation and air travel company expanding the category of regional air travel and reinventing flying through electrification. The company is building a regional air mobility ecosystem to sustainably connect the world's communities. It generates revenue through air mobility services.

Employees: 833

Industrials Air Transportation, Nonscheduled

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

7% more funds holding

Funds holding: 29 [Q1] → 31 (+2) [Q2]

1.09% more ownership

Funds ownership: 11.3% [Q1] → 12.39% (+1.09%) [Q2]

43% less capital invested

Capital invested by funds: $7.01M [Q1] → $3.96M (-$3.05M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$2.20

63%

upside

Avg. target

$2.20

63%

upside

High target

$2.20

63%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Canaccord Genuity

George Gianarikas

38% 1-year accuracy

13 / 34 met price target

63%upside

$2.20

Hold

Maintained

27 Aug 2024

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Financial journalist opinion

Surf Air Mobility Announces NYSE Acceptance of Plan to Regain Listing Compliance

LOS ANGELES--(BUSINESS WIRE)--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 listi.

Surf Air Mobility Announces NYSE Acceptance of Plan to Regain Listing Compliance

Surf Air Mobility Inc. (SRFM) Q2 2024 Earnings Call Transcript

Surf Air Mobility Inc. (NYSE:SRFM ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Deanna White – Chief Operating Officer and Interim Chief Executive Officer Oliver Reeves – Chief Financial Officer Conference Call Participants Austin Moeller – Canaccord Genuity Operator Thank you for standing by. At this time, I would like to welcome everyone to today's Surf Air Mobility Second Quarter 2024 Earnings Call.

Surf Air Mobility Inc. (SRFM) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Surf Air Mobility Inc. (SRFM) Reports Q2 Loss, Tops Revenue Estimates

Surf Air Mobility Inc. (SRFM) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $3.14 per share a year ago.

Surf Air Mobility Inc. (SRFM) Reports Q2 Loss, Tops Revenue Estimates

Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations

LOS ANGELES--(BUSINESS WIRE)--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 expand our footprint and lea.

Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations

Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry

LOS ANGELES--(BUSINESS WIRE)--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 Palantir Technologies (NYSE: PLTR) (“Pal.

Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry

Surf Air Mobility Announces Terms of Reverse Stock Split

LOS ANGELES--(BUSINESS WIRE)--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 stockh.

Surf Air Mobility Announces Terms of Reverse Stock Split

Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC

LOS ANGELES--(BUSINESS WIRE)--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 ob.

Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC

Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024

LOS ANGELES--(BUSINESS WIRE)--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.

Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024

Louis Saint-Cyr to Become President of Hawai'i Operations for Surf Air Mobility

LOS ANGELES--(BUSINESS WIRE)--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 co.

Louis Saint-Cyr to Become President of Hawai'i Operations for Surf Air Mobility

Jim Sullivan, Airline Executive, to Become President of Air Mobility for Surf Air Mobility

LOS ANGELES--(BUSINESS WIRE)--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. Mr. Sullivan has recently served as Interim CEO and COO of Lynx Air, a Canadian commercial airline. He has also served as Vice President of Flight Operations at both JetBlue Airways and F.

Jim Sullivan, Airline Executive, to Become President of Air Mobility for Surf Air Mobility

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