Bridger Aerospace reports record 2023 revenue of $66.7M; 2024 adjusted EBITDA guidance $35-51M

Bridger Aerospace Group Holdings, Inc.

Revenue $66.7M (+44% YoY); net loss $77.4M (vs $42.1M loss in 2022).
Adjusted EBITDA $18.7M in 2023 vs $3.7M in 2022.
2024 guidance: revenue $70-86M, adjusted EBITDA $35-51M (over 80% growth).
Record contract awards include 5-year $60M exclusive-use fire surveillance contract with DOI.
Joint Venture purchased four Super Scoopers from Spanish Government; fleet expansion underway.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bridger Aerospace Group Holdings, Inc. updated its for the year and fiscal quarter ended December 31, 2023 guidance (reaffirmed).

Period: for the year and fiscal quarter ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 19, 2024 , Bridger Aerospace Group Holdings, Inc. (the “Company”) issued a press release announcing its results of operations for the year and fiscal quarter ended December 31, 2023 . A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bridger Aerospace Group Holdings, Inc. updated its the fourth quarter and fiscal year ended December 31, 2023 guidance (reaffirmed).

Period: the fourth quarter and fiscal year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported results for the fourth quarter and fiscal year ended December 31, 2023. The Company also reiterated its 2024 revenue and adjusted EBITDA guidance.

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Source: SEC EDGAR

accession 0001171843-24-001455

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