It’s been quite the week for Blade Air Mobility Inc. (NASDAQ: BLDE). On August 4, Blade and Joby Aviation Inc. (NYSE: JOBY) announced the sale of Blade’s passenger mobility business to Joby for up to $125 million. That sent BLDE stock soaring 30%. Blade will become a pure-play medical logistics company and change its name to Strata Critical Medical.
However, the stock has given up most of those gains after the company delivered a mixed earnings report. Although it beat on the top line, it delivered negative earnings per share of five cents, which was a penny worse than the negative four cents analysts were expecting.
