Anyone following Surf Air Mobility (SRFM)? Small-cap air mobility stock trading under $1
Been digging into this one and have a small position, curious if anyone else has looked at it.
Surf Air Mobility runs small regional airline routes plus an on-demand private charter marketplace. They're also building an AI-powered software platform called SurfOS (built with Palantir) to run aviation operations, and separately working on tech to electrify small aircraft down the road.
Pros: Partnership with Palantir on the software side, just signed their first enterprise SurfOS contract (Wheels Up, up to $12M over 3 years), guiding toward revenue growth and narrowing losses this year, charter business growing fast.
Cons: Still unprofitable, received a NYSE non-compliance notice, dilution risk, electrification tech is still early and unproven,
Anyone else watching or holding this one?