Revenue Growth - Record revenue of $98.6 million for the year 2024, a 48% increase from $66.7 million in 2023, with fourth quarter revenue of $15.6 million compared to $1.1 million in Q4 2023[6][12][7] - Revenues for the year ended December 31, 2024, increased to $98,613 million, up from $66,708 million in 2023, representing a growth of 47.8%[22] Net Loss Improvement - Net loss improved by 80% to $15.6 million in 2024 from a net loss of $77.4 million in 2023, with a fourth quarter net loss of $12.8 million compared to $31.1 million in Q4 2023[14][10] - Net loss for the year ended December 31, 2024, was $15,567 million, a decrease from a net loss of $77,358 million in 2023, indicating an improvement of 79.9%[22] - For the three months ended December 31, 2024, the net loss was $12,845 thousand, compared to a net loss of $31,139 thousand for the same period in 2023, indicating a significant improvement[38] Adjusted EBITDA - Adjusted EBITDA doubled to $37.3 million in 2024 from $18.7 million in 2023, with a fourth quarter Adjusted EBITDA of negative $2.9 million compared to negative $10.4 million in Q4 2023[14][10] - The adjusted EBITDA for the year ended December 31, 2024, was $37,336 thousand, a substantial increase from $18,672 thousand in 2023[38] - Adjusted EBITDA for 2025 is projected to range from $42 million to $48 million, indicating a growth of 20% at the midpoint compared to 2024[6][15] Cash Flow and Assets - Cash provided by operating activities was $9.4 million in 2024, with cash and cash equivalents at year-end totaling $39.3 million, up from $22.9 million in 2023[11][6] - Cash and cash equivalents at the end of the period increased to $39,336 million from $22,956 million, representing a growth of 71.1%[29] - Total current assets as of December 31, 2024, rose to $63,809 million, compared to $45,195 million as of December 31, 2023, marking an increase of 41.2%[25] Expenses and Cost Management - Cost of revenues for 2024 was $57.5 million, up from $41.3 million in 2023, with fourth quarter costs at $15.4 million compared to $8.4 million in Q4 2023[12][8] - Selling, general and administrative expenses decreased to $35.8 million in 2024 from $82.9 million in 2023, reflecting lower non-cash stock-based compensation[13] - Stock-based compensation for the three months ended December 31, 2024, was $2,442 thousand, down from $8,048 thousand in the same period of 2023[38] - Business development and integration expenses for the three months ended December 31, 2024, were $392 thousand, significantly lower than $4,133 thousand in the same period of 2023[38] Future Guidance - The company initiated 2025 guidance with expected revenue between $105 million and $111 million, representing a 9% growth at the midpoint compared to 2024[6][15] Contract and Business Development - The company secured a five-year $20.1 million contract with the U.S. Department of the Interior in January 2025 to support firefighting efforts in Alaska[6] Asset Management - Total liabilities decreased to $237,332 million as of December 31, 2024, from $246,539 million in 2023, a reduction of 3.4%[26] - The company’s total assets increased to $290,809 million as of December 31, 2024, up from $273,470 million in 2023, reflecting a growth of 6.4%[25] - The Series A Preferred Stock value increased to $380,179 million as of December 31, 2024, compared to $354,840 million in 2023, an increase of 7.1%[26] Operating Income - Operating income for the year ended December 31, 2024, was $5,318 million, a significant recovery from an operating loss of $57,495 million in 2023[22] Depreciation and Interest - Depreciation and amortization expenses for the year ended December 31, 2024, totaled $17,451 thousand, compared to $11,089 thousand in 2023, reflecting increased asset utilization[38] - Interest expense for the year ended December 31, 2024, was $23,714 thousand, slightly higher than $23,218 thousand in 2023[38] Other Financial Metrics - The company reported a basic loss per share of $0.36 for the year ended December 31, 2024, compared to a loss of $0.81 in 2023, showing an improvement of 55.6%[23] - The EBITDA for the year ended December 31, 2024, was $24,836 thousand, a significant recovery from $(43,353) thousand in 2023[38] - The loss on disposal and non-cash impairment charges for the year ended December 31, 2024, was $0 thousand, down from $2,869 thousand in 2023, indicating improved asset management[38] - The company reported a change in fair value of earnout consideration of $(872) thousand for the three months ended December 31, 2024, compared to $167 thousand in 2023[39] - The company incurred offering costs of $167 thousand for the three months ended December 31, 2024, compared to $1,843 thousand in the same period of 2023[38]

BELGRADE, Mont., March 13, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported record results for the fourth quarter and year ended December 31, 2024. Highlights: Record revenue of $98.6 million for 2024 and $15.6 million in the fourth quarter with multiple Super Scoopers and surveillance aircraft flying into November after an early start to the 2024 ...

Core Viewpoint - Bridger Aerospace Group Holdings, Inc. will release its financial results for Q4 2024 on March 13, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter ended December 31, 2024, will be announced on March 13, 2025 [1] - An investor conference call is scheduled for March 13 at 5:00 p.m. Eastern Time to discuss the results and business outlook [2] - Interested parties can access the conference call via phone or through the company's Investor Relations website [2] Group 2: Audio Replay Information - An audio replay of the conference call will be available until March 20, 2025 [3] - The replay can be accessed by calling specific numbers and using a designated passcode [3] Group 3: Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the United States, based in Belgrade, Montana [4] - The company provides aerial firefighting and wildfire management services to federal and state agencies, including the U.S. Forest Service [4] - Additional information about Bridger Aerospace can be found on their official website [4]

Core Viewpoint - Bridger Aerospace Group Holdings, Inc. is actively engaging with investors through participation in upcoming conferences, highlighting its position as a leading aerial firefighting company in the U.S. [1][2] Group 1: Conference Participation - Bridger Aerospace will participate in the virtual Canaccord Genuity Sustainability Forum on February 26, 2025, where management will speak at 9:30 a.m. ET during the Extreme Weather & Remote Sensing Panel [2] - The company will also attend the 37th Annual ROTH Conference in Dana Point, California, on March 17, 2025, which will include an investor presentation and one-on-one meetings [2] Group 2: Investor Engagement - Webcasts of the company's presentations will be available on the Investor section of the Bridger Aerospace website, allowing investors to access the information remotely [3] - Investors interested in participating in the conferences are encouraged to contact Bridger Aerospace Investor Relations or their respective conference representatives [3] Group 3: Company Overview - Bridger Aerospace, based in Belgrade, Montana, is one of the largest aerial firefighting companies in the U.S., providing services to federal and state government agencies, including the United States Forest Service [4]

In this articleBAERAs out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season.The California Department of Forestry and Fire Protection, or Cal Fire, has more than 60 fixed-wing and rotor-wing firefighting aircraft, which it calls the largest civil fleet of its kind.But the federal government, U.S. states and countries from Aust ...

BELGRADE, Mont., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today announced that it has secured a five-year $20.1 million Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Department of the Interior (DOI) for two air attack and surveillance aircraft in support of fire and resource management activities and other government work for the Bureau ...

Company Overview - Bridger Aerospace Group Holdings Inc is one of the nation's largest aerial firefighting companies, providing services to federal and state government agencies including the United States Forest Service both nationally and internationally [3] - The company is based in Belgrade, Montana [3] Contract Details - Bridger Aerospace secured a five-year $20 1 million Indefinite Delivery Indefinite Quantity (IDIQ) contract with the US Department of the Interior (DOI) for two air attack and surveillance aircraft [2] - The contract supports fire and resource management activities and other government work for the Bureau of Land Management (BLM) Alaska Fire Service [2] Industry Trends - The 120-day Exclusive Use contract exemplifies the trend of government outsourcing aerial firefighting services [1] - The company's leading-edge sensor, surveillance, and mapping capabilities position it well to support federal and state government partners in wildfire management [1] Operational Capabilities - Bridger Aerospace's air attack and surveillance fleet is well-suited for fire detection, logistical support, aerial observation, and providing information to initial attack aircraft for direct fire suppression [1] - The company's historic contract performance enhances its ability to support government partners in wildfire management [1]

BELGRADE, Mont., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today confirmed the mobilization of Bridger’s CL-415EAF “Super Scooper” aircraft to California to assist in firefighting efforts. Sam Davis, Interim Chief Executive Officer of the Company, commented, “I am proud of our team, which mobilized in record time to be prepared to assist and supplement the exis ...

BELGRADE, Mont., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today congratulates Timothy P. Sheehy, the Company’s founder and former chief executive officer of the Company, for being sworn into the United States Senate as the U.S. Senator for the State of Montana. “We are extremely proud of the leadership and sacrifices that Tim has made for the country, and we a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ___________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________to___________ Commission file number: 001-41603 ___________________________ BRIDG ...