Bridger Aerospace Q2 net loss narrows to $10M on revenue of $13M, reiterates FY guidance

Bridger Aerospace Group Holdings, Inc.

2024-Q2 EPS reported -$0.89 revenue$18,521,000

Q2 2024 revenue $13.0M (+12% YoY); net loss $10.0M vs $19.0M in Q2 2023.
Adjusted EBITDA in Q2 $0.2M vs $1.0M; H1 2024 Adj EBITDA -$6.7M vs -$9.7M.
FY 2024 guidance reaffirmed: revenue $70-86M, Adjusted EBITDA $35-51M.
Acquired FMS Aerospace for year-round revenue; fleet fully deployed at NPL 5 in July.
Cash and restricted cash $22.5M as of June 30; receivables expected to boost cash.

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