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BLDE|EPS $0.03|Rev $67.4M|Net Income $2.2M
Strata Critical Medical, Inc. (BLDE) posted a sharp turnaround in its first quarter, swinging to profitability with diluted earnings of $0.03 per share compared to a loss of $0.04 per share a year earlier. The medical logistics specialist reported net income of $2.2M as revenue surged 87.4% to $67.4M from $35.9M in the prior-year period.
The company’s Logistics segment drove growth, generating $47.6M in revenue with organic growth of 32.4% year-over-year. That performance underscored strong demand for Strata’s time-sensitive medical transport services. The company maintained a fleet of 35 aircraft at quarter-end to support its expanding operations.
Management set full-year revenue guidance at $260.0M to $275.0M, signaling confidence in sustained momentum. The dramatic revenue acceleration reflects both organic expansion and what appears to be successful scaling of the company’s critical care transportation network. Strata’s ability to convert that top-line growth into profitability marks a notable operational milestone for the business, which had been posting losses in the comparable period last year.
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