Bridger Aerospace Group Holdings, Inc. Stock Price, News & Analysis

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has appointed Meghan Pasricha as an independent director, maintaining the board size at 9 members. Pasricha, 39, brings extensive experience in credit and capital solutions as a Partner at Galvanize Climate Solutions.

The appointment aims to optimize Bridger's capital structure and drive long-term growth. Pasricha's background includes roles as Managing Director at Riverstone Holdings, where she spent nearly 10 years in direct lending, and previous positions at The Carlyle Group and UBS Investment Bank. She is also the Co-Founder of Women in Climate Investing & Finance (WICIF) and leads a nonprofit focused on youth leadership.

Bridger Aerospace (NASDAQ: BAER) has won an exclusive-use contract from the State of Montana for wildfire detection and mapping services using a modified Daher Kodiak 100 aircraft. The contract includes a one-year initial term with two optional extension years, guaranteeing a minimum of 120 days of availability for a minimum annual value of $648,000, with potential for additional revenue from extra days and flight hours.

The contract represents the first joint effort between Bridger and FMS Aerospace since their 2024 acquisition, utilizing their combined in-house design, engineering, and Part 145 modification capabilities. The specially modified aircraft will be equipped with advanced sensor systems and an operator workstation to provide real-time infrared imagery, wildfire hotspot identification, and precise fire perimeter mapping to support firefighting crews throughout Montana.

Bridger Aerospace (NASDAQ: BAER) has entered into a Memorandum of Understanding with Positive Aviation to become the exclusive North American launch customer for the FF72 aircraft, an advanced water-scooping firefighting aircraft derived from ATR 72-600.

The partnership, announced at AFFE25 in Bordeaux, France, grants Bridger exclusive rights as the North American hub for FF72's sales, marketing, support, modifications, certification, and training. The agreement includes an opportunity to purchase ten FF72 aircraft with an option for ten additional units, with deliveries expected to begin for the 2029 fire year.

This strategic expansion will complement Bridger's existing CL-415 EAF Super Scoopers fleet, enhancing their aerial firefighting capabilities with new technology to address the growing year-round wildfire challenges.

Bridger Aerospace (NASDAQ: BAER) has deployed aircraft to support wildfire efforts in Oklahoma and New Mexico. Two CL-415EAF 'Super Scooper' aircraft and a Multi-Mission Aircraft (MMA) were deployed to Oklahoma on March 11th to assist ground crews in protecting communities and infrastructure.

A second MMA was dispatched to New Mexico over the weekend for contract operations. The first MMA has been stationed in Oklahoma since mid-February under a Bureau of Indian Affairs contract. The aircraft provide critical surveillance and real-time infrared imagery to enhance wildfire response effectiveness across the regions.

The deployment comes as Oklahoma faces devastating fires that have resulted in fatalities, injuries, and destruction of hundreds of homes, ranches, and properties.

Bridger Aerospace (NASDAQ: BAER) has appointed Sam Davis as permanent President and Chief Executive Officer, effective March 17, 2025. Davis, 41, who has been serving as interim CEO since July 2024, replaces Timothy P. Sheehy who resigned to pursue a U.S. Senate campaign in Montana.

Davis joined Bridger in 2019 as Controller and later served as Chief of Staff before his interim CEO role. Under his interim leadership, the company achieved notable milestones including strong top-line growth, increased Adjusted EBITDA, and positive cash flow. His background includes positions at Oracle, Meltwater, and Natus Medical, complemented by an MBA from San Jose State University.

The company continues to respond to year-round wildfire threats, with recent operations in Los Angeles and Oklahoma, focusing on protecting lives, property, and the environment.

Bridger Aerospace (NASDAQ: BAER) reported record results for Q4 and full-year 2024. The aerial firefighting company achieved record revenue of $98.6 million for 2024, up 48% from 2023, with Q4 revenue of $15.6 million.

Key highlights include:

• 80% improvement in net loss to $15.6 million in 2024
• Doubled Adjusted EBITDA to $37.3 million in 2024
• Operating cash flow of $9.4 million with year-end cash position of $39.3 million
• Secured five-year $20.1 million contract with U.S. Department of Interior for Alaska

For 2025, Bridger projects revenue between $105-111 million (9% growth) and Adjusted EBITDA of $42-48 million (20% growth). The company noted extended deployment of Super Scoopers into November 2024 and early January 2025 deployments, indicating a trend toward year-round wildfire activity.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has scheduled its Q4 2024 earnings release for March 13, 2025, after market close. The company will host an investor conference call at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) on the same day.

Investors can join the conference call by dialing 800-579-2543 or 785-424-1789. The call will be broadcast live on the company's Investor Relations website. An audio replay will be available through March 20, 2025, accessible via phone (844-512-2921 or 412-317-6671, passcode: 11158317) or through the company's IR website.

Bridger Aerospace (NASDAQ: BAER), a leading aerial firefighting company, has announced its participation in two major investor conferences. The company will first join the Canaccord Genuity Sustainability Forum virtually on February 26, 2025, where management will participate in the Extreme Weather & Remote Sensing Panel at 9:30 a.m. ET and conduct one-on-one meetings.

Subsequently, Bridger will attend the 37th Annual ROTH Conference in Dana Point, California on March 17, 2025, featuring an investor presentation and one-on-one meetings. Webcasts of both presentations will be available on the company's investor relations website. Interested investors can arrange participation through Bridger Aerospace Investor Relations or their Canaccord or ROTH representatives.

Bridger Aerospace (NASDAQ: BAER) has secured a $20.1 million five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Department of the Interior. The contract involves providing two air attack and surveillance aircraft to support fire and resource management activities for the Bureau of Land Management Alaska Fire Service.

The 120-day Exclusive Use contract will utilize Bridger's sensor, surveillance, and mapping capabilities for fire detection, logistical support, and aerial observation. The aircraft will also provide information to initial attack aircraft focused on direct fire suppression. This agreement represents a growing trend in government outsourcing of aerial firefighting services.