AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! This is an update of our newest alert, SRFM. Following our alert this morning, SRFM opened today at 3.55 and so far, rallied as high as 3.73, upside of +5%. Over the past week, SRFM has experienced incredible growth, rallying from 1.65 to yesterdayâs high of 3.89, experiencing gains of +135%. In the event that SRFM holds above its recent lows and breaks out above yesterdayâs high, there exists continued upside potential. Over the past few weeks, the company has been experiencing growing interest after the company announced several important accomplishments. As a reminder, on November 14, the company announced: âSurf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectationsâ As the company further explained in this press release: "The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air mobility operations, implementing new processes, driving improved efficiency and repositioning our air mobility operations for sustained profitability," said Deanna White, Interim CEO and Chief Operating Officer of Surf Air Mobility. Here are a couple of the highlights from this press release: âMobilityâ - âThe Company has taken delivery of two new aircraft from Textron Aviation in November 2024.â âSoftwareâ - âThe Company continued development of SurfOS software aimed at improving operational efficiency, growing revenue, and reducing costs across the Company's airline brands (Southern, Mokulele, and Surf Air) and its On Demand charter service.â
- âThe Company announced a plan to form a new venture, Surf Air Technologies LLC, and entered into an agreement with Palantir Technologies Inc. to power its operating system for the Advanced Air Mobility industry.â âElectrificationâ - âAircraft electrification program remains on track to complete its Cessna Caravan STC in 2027.â
- âThe Company has an exclusive relationship with Textron Aviation to be their supplier of electrified powertrains for the Cessna Caravan.â
- âThe Company is actively pursuing the creation of one or more joint ventures or partnerships with key vendors to reduce cost and separately capitalize the Companyâs electrification efforts.â
- âThe Company plans to leverage its platform to enable the launch of third-party electrified aircraft. The Company will support these launches with direct consumer distribution via Surf Air's flight network and operations software tools via SurfOS.â In addition, on Thursday, the company announced: - âSurf Air Mobility Unveils Four-Phase Transformation Plan and Updated Investor Presentationâ Here is the briefly outlined â4-phase transformation planâ from their November 14 press release: - âPhase 1: Transformation (complete) â Improved capital structure, strengthened balance sheet, put a new management team in place, and realized operational synergies from the Southern Airways mergerâ
- âPhase 2: Optimization (2025-2026) â Optimize airline operations, recalibrate the On Demand business, and drive efficiencies from SurfOSâ
- âPhase 3: Expansion (2026-2027) â Rapidly expand tier 1 routes by leveraging improved business infrastructure and proprietary software developed with Palantir Technologiesâ
- âPhase 4: Acceleration (2027+) â Grow revenue and margins by implementing electrification technologies and expanding technology platformâ As the company further explained in this press release: âDeanna White, Interim CEO and Chief Operating Officer, said: "As we enter the next phase of our transformation plan, we are focused on optimizing operations and capital allocation to meaningfully improve profitability in the near term. As we look further ahead, phases three and four of our plan will allow us to become the technology-enabled platform best positioned to capture a significant share of the $75B+ global regional air mobility market."â We are continuing to monitor this opportunity. Sources: [McKinsey]( [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [YF]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. 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