Investor Presentaiton
Use Of Non-GAAP Information (Continued)
Pro forma revenue - Pro forma revenue gives effect to revenue from acquisitions that occurred after the commensurate period of the prior year as if they had been acquired on the
first day of the commensurate period of the prior year. Pro forma change in revenue is calculated as the difference between the current reported GAAP revenue and the
comparative period pro forma revenue. Management believes that discussing pro forma revenue contributes to the understanding of Blade's performance and trends, because it
allows for comparisons of the current year period to that of prior years, normalized for the impact of acquisitions. Management believes that pro forma change in revenue assists in
measuring the underlying revenue growth of our business as it stands as of the end of the current year period, which we believe provides insight into our then-current operations.
Pro forma change in revenue does not represent organic revenue generated by our business as it stood at the beginning of the prior year period.
Constant currency - The unaudited interim condensed consolidated financial statements included here are presented in U.S. dollars. However, Blade's international operations give
rise to fluctuations in foreign exchange rates. To compare results between periods as if exchange rates had remained constant period-over-period and allow change in revenue to
be evaluated without the impact of foreign currency exchange rate fluctuations, Blade has included results in constant currency. These are calculated by applying the current
period exchange rates to local currency reported results for both the current and prior year.
"
BLADE
BLADE AIR MOBILITY, INC.
RECONCILIATION OF REPORTED REVENUE TO PRO FORMA REVENUE
(in thousands except percentages, unaudited)
The following unaudited pro forma financial information presents what our revenue would have been if Blade Europe business had
been acquired on March 1, 2022. As a result, pro forma revenue includes revenue generated during periods when we did not yet own
the acquired business. This unaudited pro forma financial information should not be relied upon as being indicative of the historical
results that would have been obtained if the acquisition had occurred on that date, nor the results that may be obtained in the future.
Three months ended March 31, 2023
Reported Revenue three months ended March 31, 2022
Impact of Blade Europe
$
Total
26.630
5.294
Short Distance
$
4.203
$
Jet and Other
9.752
$
MediMobility
Organ Transport
12,675
5.294
Pro forma Revenue
$
31.924
$
9.497
$
9.752
$
12.675
Reported Revenue three months ended March 31, 2023
$
45,271
$
10.425
$
8.079
$
Pro forma change in revenue
42 %
10 %
(17)%
26,767
111 %
Impact of foreign currency translation
(1)%
(2)%
**
Pro forma constant currency change in revenue
43 %
12 %
(17)%
**
111 %
*** Percentage not applicable
42View entire presentation