Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information (Tables)

v3.23.3
Segment and Geographic Information (Tables)
9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Segment revenue
Passenger
$ 37,995  $ 25,503  $ 83,089  $ 57,842 
Medical
33,447  20,219  94,613  50,143 
Total revenue
$ 71,442  $ 45,722  $ 177,702  $ 107,985 
Segment Flight Profit
Passenger $ 9,410  $ 6,094  $ 16,864  $ 9,261 
Medical 6,169  3,172  16,248  8,039 
Total Flight Profit $ 15,579  $ 9,266  $ 33,112  $ 17,300 
Reconciling items:
All other operating costs(1) (23,027) (19,694) (65,596) (51,151)
Loss from operations $ (7,448) $ (10,428) $ (32,484) $ (33,851)
Segment net income (loss)
Passenger $ 801 $ (416) $ (8,154) $ (8,258)
Medical (85) 999 1,055 2,215
Net income (loss) from reportable segments
716 583 (7,099) (6,043)
Unallocated corporate costs & software development(2) (8,164) (11,011) (25,385) (27,808)
Other non-operating income 7,866  1,239  9,906  22,062 
Income (loss) before income taxes
$ 418 $ (9,189) $ (22,578) $ (11,789)
Segment Flight Margin
Passenger 24.8  % 23.9  % 20.3  % 16.0  %
Medical 18.4  % 15.7  % 17.2  % 16.0  %
Total Flight Margin 21.8  % 20.3  % 18.6  % 16.0  %
September 30,
2023
December 31,
2022
Goodwill
Passenger $ 25,901  $ 26,117 
Medical 13,328  13,328 
Total goodwill $ 39,229  $ 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 September 30, Nine Months Ended September 30,
2023 2022 2023 2022
Revenue
United States
$ 58,630  $ 41,923  $ 148,620  $ 99,869 
Other
12,812  3,799  29,082  8,116 
Total revenue
$ 71,442  $ 45,722  $ 177,702  $ 107,985 
September 30,
2023
December 31,
2022
Long-lived assets
United States
$ 14,413  $ 7,195 
Other
12,199  12,534 
Total long-lived assets
$ 26,612  $ 19,729