Welcome to our dedicated page for Bridger Aerospace Group Holdings news (Ticker: BAER), a resource for investors and traders seeking the latest updates and insights on Bridger Aerospace Group Holdings stock.
Bridger Aerospace Group Holdings, Inc. (BAER) specializes in aerial firefighting and wildfire management services for government agencies. This page provides investors and stakeholders with timely updates on the company’s operational milestones, financial performance, and strategic initiatives.
Key resources include press releases on new contracts, quarterly earnings reports, and advancements in firefighting technology. Users will find updates on BAER’s fire suppression aircraft deployments, surveillance partnerships, and sustainability efforts.
This centralized hub eliminates the need to track multiple sources, offering verified information directly from corporate communications. Regular updates ensure awareness of BAER’s role in addressing wildfire emergencies and evolving industry standards.
Bookmark this page to stay informed on critical developments affecting BAER’s market position and service capabilities. Check back frequently for real-time updates during peak wildfire seasons and fiscal reporting periods.
Bridger Aerospace reported its Q1 2024 results, highlighting a record first quarter revenue of $5.5 million, significantly up from $365,000 in Q1 2023. This increase was driven by the earliest seasonal deployment of its Super Scooper and surveillance aircraft, aiding firefighting efforts in Texas and Oklahoma. The company completed a $9.8 million equity financing in April 2024. Adjusted EBITDA improved by 35% to negative $6.9 million from negative $10.7 million in Q1 2023. The company aims to grow 2024 Adjusted EBITDA by over 80% to between $35 million and $51 million, on projected revenues of $70 million to $86 million. Cost of revenues rose by 27% due to higher flight operations and maintenance expenses. SG&A expenses dropped to $11.6 million from $33.2 million, thanks to lower non-cash stock-based compensation. Net loss reduced to $20.1 million from $44.7 million. Bridger expects positive EBITDA in Q2 and Q3 2024.
Bridger Aerospace Group Holdings, Inc., a leading aerial firefighting company, will release its financial results for the first quarter ended March 31, 2024, on May 13, 2024. The investor conference call will take place the same day at 5:00 p.m. ET to discuss the results and business outlook. Interested parties can access the call via phone or website.
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