This quarter's results beat expectations, driven primarily by strong Blade business growth and accelerated eIPP commercialization preparations.

Q2 revenue was $39 million, mainly from Blade, whose H1 revenue grew 32% year-over-year, with Q2 seat sales up over 50% year-over-year; cash reserves stand at approximately $2.3 billion.

First eIPP flight in Texas to launch next month, maintaining this year's passenger-carrying target; currently 5 aircraft are airborne, 12 in production, and 2 to be delivered this year; a joint venture has been formed with Toyota, and the company has partnered with Atoms to build out infrastructure.

Full-year revenue guidance raised to $115–125 million; H2 cash usage is expected at $385–415 million, with focus on certification, manufacturing, and commercialization.

Management tone is optimistic, stating it has "never been this excited"; however, it flagged manufacturing complexity and the near-term added burden on the team from eIPP, while certification progress still warrants monitoring.