Investor Presentaiton
Use Of Non-GAAP Information (Continued)
We operate our business as two reportable segments - Passenger and Medical.
Segment Adjusted EBITDA is defined as segment net income (loss) excluding non-cash items or certain transactions that management does not believe are reflective of our
ongoing core operations.
"
BLADE
BLADE AIR MOBILITY, INC.
RECONCILIATION OF SEGMENT NET INCOME (LOSS) TO SEGMENT ADJUSTED EBITDA
(in thousands, unaudited)
Three Months Ended March 31, 2023
Corporate
expenses and
software
development
Three Months Ended March 31, 2022
Passenger
Medical
(6,711) $
(5,516) $
522
$
Corporate
expenses and
software
development
(6,018)
Passenger
Medical
Segment net income (loss).
$
(5,118) $
1,637
$
Reconciling items:
Depreciation and amortization
1.134
466
52
734
376
35
Stock-based compensation
360
116
2,745
426
53
Change in fair value of warrant liabilities
(566)
Realized loss from sales of short-term
investments
Interest income, net
Income tax benefit
Legal and regulatory advocacy fees
Executive severance costs
423
146
| | | | |
81
(1,954)
(196)
1,747
1,619
(2,550)
136
(264)
Contingent consideration compensation
(earn-out)
(339)
M&A transaction costs
Segment Adjusted EBITDA
$
(3,055) $
1,880 $
(6,549) $
(2,609) $
951
973
(6,069)
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