secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001171843-23-003269
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000117184323003269/0001171843-23-003269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000117184323003269/f8k_051223.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003269

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer