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Bridger Aerospace Group Holdings Inc operates as an aerial firefighting company, offering wildfire surveillance, relief, and suppression services with cutting-edge technology. The company partners with federal and state agencies like the US Forest Service for aerial firefighting and wildfire management. Their portfolio includes Fire Suppression, using Viking CL-415EAF aircraft, and Aerial Surveillance for fire suppression aircraft.
Recently, Bridger Aerospace early seasonal deployment positions them for record growth. The company remains poised for expansion with an increased aircraft fleet, acquisitions of Super Scoopers, and a focus on future financial performance. Bridger's forward-looking statements underscore their commitment to growth, innovation, and reliable firefighting services.
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Bridger Aerospace Group Holdings, Inc. announced the closing of a $9.8 million registered direct offering, selling 2,183,366 shares of common stock. The offering included participation from directors, executive officers, and existing investors. The funds will be used for working capital and general corporate purposes, aiming for record growth in 2024.
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Bridger Aerospace Group Holdings, Inc. reported record revenue of $66.7 million in 2023 despite a slow fire season, with adjusted EBITDA expected to grow over 80% in 2024. The company completed significant contract awards, international deployments, and joint ventures, positioning for future growth.
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Bridger Aerospace Group Holdings, Inc. (BAER) to release financial results for Q4 and fiscal year 2023. Investor conference call scheduled to discuss business outlook.
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Bridger Aerospace Group Holdings, Inc. appoints Elizabeth C. Fascitelli and David A. Schellenberg as independent directors, signaling growth and value creation. The Company aims to enhance its aerial firefighting capabilities to combat wildfires effectively.
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Bridger Aerospace deploys CL-415EAF 'Super Scooper' aircraft to Texas for firefighting, marking earliest seasonal deployment. Company aims to support citizens and firefighters battling largest wildfire in Texas history.
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Bridger Aerospace Group Holdings, Inc. deploys Pilatus PC-12 Multi-Mission Aircraft to Oklahoma for early-season wildfires, showcasing their advanced aerial intelligence capabilities. The company operates under significant contracts with the Department of the Interior and Bureau of Indian Affairs, utilizing proprietary data platforms and cutting-edge sensor technology to support wildland firefighters.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund to purchase four Canadair CL-215T Amphibious Aircraft from the Government of Spain for €40.3 million. The partnership aims to expand Bridger's operations to the European Union, positioning them to operate the largest privately owned Scooper Fleet in the world. Marathon's investment in Bridger marks their second investment into the company, following the inaugural bond issue in July 2022. The agreement allows Bridger to oversee the refurbishment of the aircraft, acquire them sequentially, and have the initial two Scoopers operational by Summer 2024 in the EU.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) announced a joint venture partnership to purchase four Canadair CL-215T Amphibious Aircraft from the Government of Spain for €40.3 million. The partnership, including Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, aims to operate the largest privately owned scooper fleet in the world, expanding customer base and revenue. Bridger plans to acquire the aircraft sequentially, with the first two ready for operations in the Summer of 2024 in the European Union.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) reported record results for Q3 2023, achieving $53.6 million in revenue, $17.5 million in net income, and $38.7 million in Adjusted EBITDA. They also updated 2024 revenue and EBITDA estimates, highlighted by the acquisition of four Spanish Super Scoopers, and discussed the impact of the 2023 North American wildfire season on their business outlook.
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Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW) to Release Q3 2023 Financial Results and Conduct Investor Conference Call on November 13, 2023. Also, Management to Participate in Wolfe Research 1st Annual Small and Mid-Cap Conference on December 6 and 7 in New York.
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FAQ
What is the current stock price of Bridger Aerospace Group Holdings Warrant (BAERW)?
The current stock price of Bridger Aerospace Group Holdings Warrant (BAERW) is $0.12 as of November 1, 2024.
What services does Bridger Aerospace Group Holdings Inc offer?
Bridger Aerospace offers aerial wildfire surveillance, relief, and suppression services using advanced technology and eco-friendly firefighting methods.
Who are the main partners of Bridger Aerospace?
Bridger Aerospace partners with federal and state government agencies, including the US Forest Service, for aerial firefighting and wildfire management services.
What are the key offerings in Bridger Aerospace's portfolio?
The company's portfolio comprises Fire Suppression, deploying Viking CL-415EAF aircraft, and Aerial Surveillance providing manned aircraft for fire suppression.
What recent achievement has Bridger Aerospace made?
Bridger Aerospace's early seasonal deployment positions them for record growth, highlighting their dedication to expanding operations and enhancing services.
What is Bridger Aerospace's focus on future financial performance?
Bridger Aerospace's forward-looking statements emphasize their commitment to growth, innovation, and delivering reliable firefighting services, showcasing a dedication to financial performance.
Bridger Aerospace Group Holdings, Inc. Warrant
Nasdaq:BAERW
BAERW Rankings
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53.16M
Security & Protection Services
Services-business Services, Nec
United States of America
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