Surf Air Mobility Names Reeves as Chief Financial Officer
December 29, 2023
🌥️Trending News
Surf Air Mobility ($NYSE:SRFM), a leading provider of aerial mobility services, has announced the appointment of Reeves as Chief Financial Officer. With extensive experience in corporate finance and extensive knowledge of the sector, Reeves brings a lot to the table for Surf Air Mobility. Through its cloud-based platform and network of aircrafts, the company offers a wide range of transportation services, including charter flight services, flight operator services and corporate jet services. Surf Air Mobility has grown to become one of the leading providers of aerial mobility services and solutions in the U.S., offering customers the convenience and flexibility they need to travel quickly and efficiently. Reeves brings extensive experience in corporate finance to Surf Air Mobility. He is well-versed in financial markets, having served as a board member and advisor at various financial institutions.
He also brings insight into the sector itself, having worked as a venture capitalist at several venture capital firms. With his experience and knowledge, Reeves will be instrumental in helping Surf Air Mobility continue to grow and succeed. He is an excellent fit for the company and will be a great asset to the team. As CFO, Reeves will be responsible for the financial health of the company and will help ensure its continued success.
Stock Price
This news sent ripples of excitement throughout the industry as Reeves is a highly experienced and renowned individual in the investment and finance world. His experience positions him well to take on the CFO role at SURF AIR MOBILITY and help steer the company into a successful future. The stock market also reacted positively to the news, with SURF AIR MOBILITY stock opening at $1.2 and closing at the same price, down by 4.9% from previous closing price of 1.2. Investors are hopeful that Reeves’ appointment will help drive the company’s growth and profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SRFM. More…
Total Revenues | Net Income | Net Margin |
119.91 | -207.31 | -123.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SRFM. More…
Operations | Investing | Financing |
-50.75 | -11.22 | 67.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SRFM. More…
Total Assets | Total Liabilities | Book Value Per Share |
185.47 | 157.18 | 0.39 |
Key Ratios Snapshot
Some of the financial key ratios for SRFM are shown below. More…
3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
– | – | -179.4% |
FCF Margin | ROE | ROA |
-52.2% | 107.1% | -72.5% |
Analysis
GoodWhale’s analysis of SURF AIR MOBILITY’s wellbeing shows that the company has strong growth, but is weak in asset, dividend, and profitability. Our Star Chart indicates a health score of 2/10 for SURF AIR MOBILITY, which signifies that the company is less likely to be able to sustain future operations in times of crisis. We classify SURF AIR MOBILITY as a ‘rhino’ company, which usually has achieved moderate revenue or earnings growth. Considering this information, SURF AIR MOBILITY may be of particular interest to investors who value companies that have achieved moderate growth and are secure enough to remain stable in times of crisis. Investors that are willing to take on more risk may find investment opportunities in SURF AIR MOBILITY. More…
Summary
Surf Air Mobility, an air mobility company, has recently announced the appointment of Thomas Reeves as its new Chief Financial Officer. This change in leadership within the company has caused a significant decrease in the company’s stock price. The appointment of Reeves is expected to have a positive effect on the company’s overall financial performance and stock performance.
Analysts suggest that investors should consider the long-term potential of Surf Air Mobility when evaluating their investment decisions, as the company has exciting plans for the future. With the right leadership in place, the company could be poised for future success in air mobility.
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