Bridger Aerospace Q1 revenue up 15x YoY to $5.5M; net loss narrows to $20.1M

Bridger Aerospace Group Holdings, Inc.

2024-Q1 EPS reported -$0.55 revenue$5,507,000

Q1 2024 revenue $5.5M vs $365K in Q1 2023; record first-quarter revenue driven by earliest fleet deployment.
Net loss of $20.1M improved from $44.7M loss in Q1 2023; adjusted EBITDA loss of $6.9M vs $10.7M loss.
Reiterates FY 2024 guidance: revenue $70M–$86M, adjusted EBITDA $35M–$51M.
Completed $9.8M equity financing in April 2024 with participation from existing investors and management.
Cost of revenues $9.2M (+27% YoY); SG&A dropped to $11.6M from $33.2M due to lower stock-based comp.

item 2.02 item 9.01

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. reported first quarter ended March 31, 2024 results: revenue $5.5 million, net income net loss of $20.1 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $5.5 million
Net income: net loss of $20.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

lives and property from the growing threat of wildfires.” First Quarter 2024 Results Bridger is proud to report record first quarter revenue and activity with revenue of $5.5 million in the first quarter of 2024 compared to $365,000 in the first quarter of 2023. First quarter revenue, while seasonally lower as Bridger schedules annual fleet maintenance

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Source: SEC EDGAR

accession 0001171843-24-002805

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