secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001171843-24-002805
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000117184324002805/0001171843-24-002805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000117184324002805/f8k_051324.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002805

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