27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Blade Air Mobility Inc (NASDAQ:BLDE) reported third-quarter FY23 revenue growth of 56.3% year-over-year to $71.44 million, beating the consensus of $66.94 million.
The company recorded a net income of $0.29 million for the quarter, compared to a loss of $(9.25) million in 3Q22.
Passenger revenue grew 49% Y/Y to $37.99 million, and Medical revenue +65.4% Y/Y to $33.45 million.
Flight profit rose to $15.58 million (+68.1% Y/Y), and the margin improved by 154 bps to 21.8%.
Total adjusted EBITDA improved to $0.79 million, compared to a loss of $(4.55) million a year ago, margin recovered to 1.1% from -9.9% in 3Q22.
Short Distance revenue rose 48.9% YoY, reflecting the acquisition of Blade Europe and growth in other Short Distance business lines.
Q3 net cash from operating activities totaled $2 million, achieving a positive Free Cash Flow of $1.3 million in the quarter.
The company held cash and short-term investments of $173.2 million as of September 30, 2023.
In 2024, the company expects a significant year-over-year improvement in Adjusted EBITDA and plans to provide an outlook for 2024 and 2025 as part of its Q4 2023 earnings release.
Price Action: BLDE shares are trading higher by 27.3% at $2.89 on the last check Wednesday.
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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