JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Blade Air Mobility, Inc. (NASDAQ:BLDE), a non-scheduled air transportation company with a market capitalization of $237 million, reported the outcomes of its annual stockholder meeting held on Monday. According to InvestingPro data, the company has achieved 10.4% revenue growth over the last twelve months, despite challenging market conditions. The meeting, detailed in a recent SEC filing, saw the election of three Class I directors and the ratification of the company’s independent auditor.
During the meeting, stockholders elected John Borthwick, Reginald Love, and Edward Philip to the Board of Directors until the 2028 annual meeting. The results were 39,268,395 votes for Borthwick, 28,656,808 for Love, and 43,504,327 for Philip. Votes withheld and broker non-votes were also reported for each candidate. The elections come as the company’s stock has experienced a 20.6% decline over the past six months, according to InvestingPro data, which offers comprehensive analysis through its Pro Research Reports covering over 1,400 US stocks.
Additionally, stockholders ratified the appointment of Deloitte & Touche LLP as Blade Air Mobility’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received overwhelming support with 61,959,035 votes for, 62,680 against, and 41,238 abstentions.
On the advisory side, stockholders approved the frequency of future advisory votes on executive compensation, with a majority favoring a 1-year interval. The "Say-on-Frequency" vote garnered 43,748,885 votes for the 1-year option, 27,578 for 2 years, 1,858,555 for 3 years, and 38,480 abstentions.
The "Say-on-Pay" vote, which is an advisory vote on the compensation of the company’s named executive officers, also passed. The proposal received 30,045,370 votes in favor, 14,947,629 against, and 680,499 abstentions, along with 16,389,455 broker non-votes.
These results are based on the definitive proxy statement filed with the SEC on March 24, 2025, and the final vote tallies from the annual meeting. Blade Air Mobility, listed on The Nasdaq Stock Market under the symbols (NASDAQ:BLDE) for common stock and NASDAQ:BLDEW for warrants, is incorporated in Delaware and headquartered in New York, NY. The company maintains a FAIR financial health score according to InvestingPro analysis, with its next earnings report scheduled for May 12, 2025.
In other recent news, Blade Air Mobility Inc. reported its first full year of adjusted EBITDA profitability for 2024, marking a significant milestone for the company. The company achieved a 22.1% increase in Q4 revenue year-over-year, excluding Canada, and a 40% rise in flight profit. Blade Air Mobility’s medical segment also saw a substantial improvement in adjusted EBITDA, rising by 119.6% compared to the previous year. The company has projected revenue for 2025 to be between $245 million and $265 million, with expectations of double-digit adjusted EBITDA growth. Analyst firms have shown optimism, with recent strategic partnerships and innovations expected to drive future growth. The company is preparing for the integration of electric vertical takeoff and landing (eVTOL) aircraft, anticipated to commence in late 2027 or early 2028. Despite exiting the Canadian market and restructuring in Europe, Blade Air Mobility remains focused on expanding its strategic partnerships and infrastructure. The company continues to position itself for growth with a strong sales pipeline and new customer contracts in its medical segment.
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