Bridger Aerospace posts record Q3 revenue $53.6M, net income $17.5M; cuts 2023 guidance due to short wildfire season

Bridger Aerospace Group Holdings, Inc.

2023-Q3 EPS reported $0.59 revenue$65,599,770

Q3 revenue $53.6M (+65% YoY), net income $17.5M vs loss $5.7M, Adjusted EBITDA $38.7M vs $19.1M.
Cuts FY2023 revenue guidance to $66-68M from $84-96M; Adjusted EBITDA to $18-19M from $37-45M due to shortest N.A. wildfire season in 10 years.
Initial FY2024 guidance: revenue $70-86M, Adjusted EBITDA $35-51M, including $16M annual cost savings.
Acquiring four Spanish Super Scoopers for €40.3M; Bighorn acquisition terminated mutually, no break-up fee.
Cash and short-term investments $33.9M at Sep 30, 2023, up from $25.7M at June 30.

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 third quarter ended September 30, 2023 results: revenue $53.6 million, net income $17.5 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $53.6 million
Net income: $17.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates. Highlights: Achieved record quarterly revenue, net income, and Adjusted EBITDA of $53.6 million, $17.5 million and $38.7 million, respectively, in the third quarter of 2023 Bridger’s Super Scooper fleet experienced its highest level of utilization ever during the third

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Source: SEC EDGAR

accession 0001171843-23-007031

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