Bridger Aerospace Q2 revenue down 9% to $11.6M; net loss $19.0M; reaffirms FY guidance

Bridger Aerospace Group Holdings, Inc.

2023-Q2 EPS reported $0.44 revenue$11,980,653

Q2 revenue $11.6M (down 9% YoY); net loss $19.0M vs $4.6M loss; Adj. EBITDA $1.0M.
Reaffirmed FY2023 guidance: rev $84M-$96M, Adj. EBITDA $37M-$45M.
First Super Scooper deployment to Canada; 5-yr DOI contract worth up to $68M for fire intelligence services.
Acquired Bighorn Airways (enterprise value $39.25M) to expand smoke jumping & special missions fleet to 28 aircraft.
Non-cash stock comp of $7.9M inflated Q2 SG&A to $15.2M; net loss widened despite revenue in-line with expectations.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bridger Aerospace Group Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $11.6 million, net income $19.0 million. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $11.6 million
Net income: $19.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

cost savings initiatives put in place to maximize earnings, 2023 should be a record year for the company. Second Quarter 2023 Results Revenue for the second quarter of 2023 was $11.6 million compared to $12.8 million in the second quarter of 2022, down approximately 9%. The decrease was the result of a later start to the 2023 U.S. wildfire season. The Company

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Source: SEC EDGAR

accession 0001683168-23-005509

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