Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information (Tables)

v3.23.2
Segment and Geographic Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Certain Financial Data by Reportable Segment
The following table reflects certain financial data of the Company’s reportable segments:
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Segment revenue
Passenger
$ 26,590  $ 18,384  $ 45,094  $ 32,339 
Medical
34,399  17,249  61,166  29,924 
Total revenue
$ 60,989  $ 35,633  $ 106,260  $ 62,263 
Segment Flight Profit
Passenger $ 4,642  $ 2,478  $ 7,454  $ 3,167 
Medical 5,727  2,633  10,079  4,867 
Total Flight Profit $ 10,369  $ 5,111  $ 17,533  $ 8,034 
Reconciling items:
All other operating costs(1) (22,578) (14,844) (42,569) (31,457)
Loss from operations $ (12,209) $ (9,733) $ (25,036) $ (23,423)
Segment net income (loss)
Passenger $ (3,837) $ (2,326) $ (8,955) $ (7,842)
Medical (497) 694 1,140 1,216
Net loss from reportable segments (4,334) (1,632) (7,815) (6,626)
Unallocated corporate costs & software development(2) (7,875) (8,101) (17,221) (16,797)
Other non-operating income (399) 18,145  2,040  20,823 
Loss before income taxes $ (12,608) $ 8,412 $ (22,996) $ (2,600)
Segment Flight Margin
Passenger 17.5  % 13.5  % 16.5  % 9.8  %
Medical 16.6  % 15.3  % 16.5  % 16.3  %
Total Flight Margin 17.0  % 14.3  % 16.5  % 12.9  %
June 30,
2023
December 31,
2022
Goodwill
Passenger $ 26,469  $ 26,117 
Medical 13,328  13,328 
Total goodwill $ 39,797  $ 39,445 
________
(1) All other operating costs consists of direct costs of service delivery, staff, selling and marketing as well as allocated staff, general and administrative expenses.
(2) Unallocated corporate costs & software development includes costs that are not directly attributable to our reportable segments. Corporate costs also include shared costs such as finance, accounting, tax, human resources, information technology, legal costs and costs of the development of our application.
Summary of Financial Data Attributable to Various Geographic Regions Summary financial data attributable to various geographic regions for the periods indicated is as follows:
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Revenue
United States
$ 51,991  $ 33,103  $ 89,990  $ 57,946 
Other
8,998  2,530  16,270  4,317 
Total revenue
$ 60,989  $ 35,633  $ 106,260  $ 62,263 
June 30,
2023
December 31,
2022
Long-lived assets
United States
$ 13,320  $ 7,195 
Other
12,775  12,534 
Total long-lived assets
$ 26,095  $ 19,729