Bridger Aerospace(BAER)

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Bridger Aerospace Responds to Concerns Over Politically Motivated Attacks on its Business
Newsfilter· 2024-05-20 12:05
BELGRADE, Mont., May 20, 2024 (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 responded to questions from various constituencies as a result of recent politically-motivated attacks on its business in certain media outlets. In recent weeks, candidates for political office and their allied political organizations have written disparaging articles and launched pa ...
Bridger Aerospace(BAER) - 2024 Q1 - Earnings Call Transcript
2024-05-18 13:55
Financial Data and Key Metrics Changes - The company reported record revenue of $5.5 million for Q1 2024, a significant increase from $365,000 in Q1 2023, driven by early deployments of Super Scooper and surveillance aircraft [12] - Cost of revenues increased to $9.2 million in Q1 2024, up 27% from $7.2 million in Q1 2023, primarily due to higher flight operation and maintenance expenses [13] - Selling, general and administrative expenses decreased to $11.6 million in Q1 2024 from $33.2 million in Q1 2023, mainly due to lower noncash stock-based compensation [14] - The net loss for Q1 2024 was $20.1 million, an improvement from a net loss of $44.7 million in Q1 2023, while adjusted EBITDA improved to negative $6.9 million from negative $10.7 million [15] Business Line Data and Key Metrics Changes - The early deployment of aircraft for wildfire management led to the highest first quarter revenue in the company's history, indicating strong operational performance [8] - The company’s multi-mission aircraft program is critical for incident planning and firefighting, with two aircraft deployed under a five-year contract with the Department of Interior and Bureau of Indian Affairs [7] Market Data and Key Metrics Changes - The company anticipates a more active wildfire season in 2024 due to drier and warmer conditions, which is expected to drive long-term demand for aerial surveillance and suppression services [8] - Wildfire risk in Canada is predicted to be above average in 2024, with the company looking to expand operations there following successful regulatory processes [9] Company Strategy and Development Direction - The company aims to offset fluctuations in wildfire activity by expanding aerial firefighting services to new critical areas and geographies [8] - Plans to expand into Europe are underway, with the acquisition of four Super Scoopers from the Spanish government, positioning the company for future growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position for a record year in 2024, supported by a profitable business model and a more efficient operating structure [18] - The company reiterated its guidance for adjusted EBITDA of $35 million to $51 million on revenue of $70 million to $86 million for the year [17] Other Important Information - The company ended Q1 2024 with total cash and restricted cash of $16.1 million, which improved to $26.5 million by the end of April 2024 following a direct offering [16] - Two new seasoned executives joined the Board, expected to contribute to the company's growth and value creation [18] Q&A Session Summary - The Q&A session details were not provided in the transcript, thus no specific questions and answers can be summarized.
Bridger Aerospace(BAER) - 2024 Q1 - Quarterly Report
2024-05-14 20:07
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 March 31, 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 ___________________________ BRIDGER A ...
Bridger Aerospace(BAER) - 2024 Q1 - Quarterly Results
2024-05-13 20:23
EXHIBIT 99.1 Bridger Aerospace Announces First Quarter 2024 Results Earliest Seasonal Deployment Positions the Company for Record Growth BELGRADE, Mont., May 13, 2024 (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 results for the first quarter ended March 31, 2024. The Company also reiterated its 2024 revenue and adjusted EBITDA guidance supported by ...
Bridger Aerospace Announces First Quarter 2024 Results
Newsfilter· 2024-05-13 20:20
BELGRADE, Mont., May 13, 2024 (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 results for the first quarter ended March 31, 2024. The Company also reiterated its 2024 revenue and adjusted EBITDA guidance supported by the earliest seasonal deployment in company history. Highlights: Earliest seasonal deployment of Super Scooper and surveillance aircraf ...
Bridger Aerospace Announces Schedule for its First Quarter 2024 Earnings Release and Conference Call
Globenewswire· 2024-05-07 12:03
Core Viewpoint - Bridger Aerospace Group Holdings, Inc. will release its financial results for Q1 2024 on May 13, 2024, after market close, and will hold an investor conference call to discuss these results and the business outlook [1]. Group 1: Financial Results Announcement - The financial results for the first quarter ended March 31, 2024, will be announced on May 13, 2024 [1]. - An investor conference call is scheduled for May 13, 2024, at 5:00 p.m. Eastern Time to discuss the results [1]. - The conference call can be accessed by dialing 800-274-8461 or 203-518-9783, and will also be available via live broadcast on the company's Investor Relations website [1]. Group 2: Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the United States, based in Belgrade, Montana [2]. - The company provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service [2]. - Bridger Aerospace also offers its services internationally [2].
Bridger Aerospace Announces Schedule for its First Quarter 2024 Earnings Release and Conference Call
Newsfilter· 2024-05-07 12:03
BELGRADE, Mont., May 07, 2024 (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 will release financial results for the first quarter ended March 31, 2024 on Monday, May 13, 2024 after the market close. Management will conduct an investor conference call on Monday, May 13, 2024, at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) to discuss these results and i ...
Bridger Aerospace Announces Closing of $9.8 Million Registered Direct Offering
Newsfilter· 2024-04-17 22:35
BELGRADE, Mont., April 17, 2024 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. ("Bridger" or "the Company") (NASDAQ:BAER) today announced the closing of a registered direct offering of 2,183,366 shares of common stock, resulting in gross proceeds of approximately $9.8 million, before deducting placement agent commissions and other offering expenses. 808,080 of the shares sold in the offering were acquired by certain directors and executive officers of Bridger. Tim Sheehy, Bridger's Chief Executi ...
Bridger Aerospace(BAER) - 2023 Q4 - Annual Report
2024-03-20 20:10
Table of Contents BAERW The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-K ______________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 ...
Bridger Aerospace(BAER) - 2023 Q4 - Earnings Call Transcript
2024-03-19 22:30
Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Q4 2023 Earnings Conference Call March 19, 2024 5:00 PM ET Company Participants Eric Gerratt - CFO Tim Sheehy - CEO Conference Call Participants Operator Good afternoon, everyone. Welcome to today's Bridger Aerospace Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Also, today's call is being recorded and I will be standing by if anyone should need any assistance. Now, at this time, I would like to tu ...