Why Blade Air Mobility Stock Is Up Today
Shares of Blade Air Mobility (NASDAQ: BLDE) soared more than 16% higher on Tuesday following the helicopter transportation service's quarterly earnings report. Blade is growing, and investors are excited about the prospects for further expansion in the quarters to come.
Blade lost $4.2 million in its fiscal second quarter on revenue of $9.3 million. But investors appear more focused on the company's growth. Blade sales grew 44% year over year, with the organ transport business leading the way with a 68% gain.
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Source Fool.com
