secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001171843-23-007031
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000117184323007031/0001171843-23-007031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000117184323007031/f8k_111323.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007031

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