Bridger Aerospace Q1 net loss $44.7M; reaffirms 2023 revenue guidance $84-96M

Bridger Aerospace Group Holdings, Inc.

2023-Q1 EPS reported $0.79 revenue$365,373

Q1 revenue $365K (up from $69K YoY); net loss $44.7M vs $14.9M, driven by $24M non-cash stock comp.
Adjusted EBITDA -$10.7M (vs -$9.1M); seasonal Q1 loss typical ahead of wildfire season.
Sixth Super Scooper received Feb 2023; fleet of 20+ aircraft operational for 2023 season.
FY 2023 guidance: revenue $84-96M, Adjusted EBITDA $37-45M; margins expected to exceed 40%.
Interest expense rose to $5.7M from $3.7M; $160M Gallatin municipal bonds issued in Q3 2022.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bridger Aerospace Group Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $365 thousand, net income $44.7 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $365 thousand
Net income: $44.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

to expand into new verticals and markets to support our state and federal customers more fully.” First Quarter 2023 Results Revenue for the first quarter of 2023 was $365 thousand, compared to $69 thousand in the first quarter of 2022. Revenue is typically lower in the first quarter as Bridger schedules annual fleet maintenance activities in preparation

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Source: SEC EDGAR

accession 0001171843-23-003269

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