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Strata Critical Medical, Inc.(f/k/a Blade Air Mobility, Inc.) ( Strata or the Company ) is a time-critical logistics and medical services provider to the United States healthcare industry. The Company operates one of the nation s largest air transport and surgical services networks for transplant hospitals and organ procurement organizations, offering an integrated one call solution for donor o…
The business is unprofitable at the operating level (-11.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 34.3% YoY with margins expanding 4.0pp.
Negative free cash flow of -$59M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$229M
▲ +34.3% YoY
Net Income (TTM)
$47M
▲ +251.4% YoY
Op. Margin
-8.59%
▲ +4.0pp YoY
ROIC
-5.69%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$57M
▼ -75.3% YoY
Op. Cash Flow (TTM)
-$45M
▼ -1841.8% YoY
Net Debt
-$54M
Net Cash Position
Cash & Equiv.
$59M
5Y CAGR: +53.1%
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