Bridger Aerospace reports record Q3 2023 revenue $51-55M, net income $15-19M; launches $70M stock offering

Bridger Aerospace Group Holdings, Inc.

2023-Q3 EPS reported $0.59 revenue$65,599,770

Q3 2023 preliminary revenue $51-55M vs $32.5M YoY; net income $15-19M vs loss $5.6M; Adjusted EBITDA $36-40M vs $19.2M.
Full-year 2023 guidance: revenue $84-96M, Adj. EBITDA $37-45M; Q4 needs ~$25M revenue to hit midpoint.
Announces $70M proposed public offering (plus $10.5M overallotment) to fund Spanish Super Scooper purchase and Bighorn Airways acquisition.
Awarded 10-year USFS air attack contract worth up to $166M, separate from previously disclosed $68M DOI contracts.
Bighorn acquisition and Spanish Super Scooper purchase expected to close in first half of Q4 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bridger Aerospace Group Holdings, Inc. reported the quarter ended September 30, 2023 results: revenue $51 million to $55 million, net income $15 million and $19 million.

Period: the quarter ended September 30, 2023
Revenue: $51 million to $55 million
Net income: $15 million and $19 million
Result: preliminary results

Exact text from the filing

For the quarter ended September 30, 2023, Bridger’s revenue is expected to be approximately $51 million to $55 million, net income is estimated to range between approximately $15 million and $19 million

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Source: SEC EDGAR

accession 0001683168-23-007226

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