secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001683168-23-005509
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000168316823005509/0001683168-23-005509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000168316823005509/bridger_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005509

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