Core Viewpoint - Bridger Aerospace Group Holdings, Inc. is addressing politically motivated attacks on its business, emphasizing that recent media reports misrepresent its financial health and operational success [1][2]. Financial Performance - The company reported a net loss in 2023, primarily due to non-cash, stock-based compensation expenses and one-time costs associated with becoming a public company [2]. - Bridger achieved its highest revenue of $67 million in 2023, alongside its highest adjusted EBITDA and largest geographic operating year in its history [3]. - The company anticipates a positive Adjusted EBITDA for 2024, projected between $35 million to $51 million [4]. Business Model and Strategy - Bridger's leadership philosophy includes granting equity to all full-time employees, ensuring they are stakeholders in the company's success [2]. - The company operates with a largely fixed cost structure, leading to seasonal variations in revenue, with positive Adjusted EBITDA typically generated during the wildfire season [2]. Community Impact - Since its founding in 2014, Bridger has contributed significantly to the Montana economy, creating hundreds of jobs and generating substantial revenue [3]. - The company actively participates in wildfire management, recently aiding in the Smokehouse Creek Fire, the largest fire in Texas history [3].
Bridger Aerospace Responds to Concerns Over Politically Motivated Attacks on its Business