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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 has terminated its proposed public offering of shares due to unfavorable market conditions.
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Bridger Aerospace Group Holdings, Inc. announces a proposed underwritten public offering of $70 million of its common stock
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Bridger Aerospace successfully bids to purchase four Canadair CL-215T Amphibious Aircraft from the Spanish Ministry for Ecological Transition and Demographic Challenge, increasing their Scooper fleet to 10. Bridger's total wildfire fighting fleet will consist of 32 planes with the anticipated closing of the acquisition of Bighorn Airways, Inc. The purchase price is €40 million. This strategic purchase positions Bridger as a leader in the global firefighting market.
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Bridger Aerospace acquires Ignis Technologies for $3 million with potential earn-out of up to $9.0 million in restricted shares. Ignis enhances Bridger's fire intelligence assets and supports their mission to equip firefighters with critical technology. Ignis to receive additional $3 million in restricted shares upon achieving operational metrics by Dec 2024 and $2 million in restricted shares annually from 2024-2026 upon successful software integration with FireTrac.
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Bridger Aerospace affirms guidance for 2023 due to the rapid acceleration of the North American wildfire season. The company reported revenue of $11.6 million for Q2 2023, down 9% from the previous year. Adjusted EBITDA was $1.0 million. Bridger anticipates a long and aggressive fire season, which combined with cost savings initiatives, is expected to make 2023 a record year for the company.
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Bridger Aerospace Group Holdings, Inc. will release its financial results for Q2 2023 on August 10th. The company is one of the largest aerial firefighting companies in the nation. An investor conference call will be held on the same day to discuss the results and business outlook. Bridger will also participate in the Gabelli Funds 29th Annual Aerospace & Defense Symposium on September 7th in New York.
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Bridger Aerospace CEO Timothy Sheehy enters race for U.S. Senate in Montana
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Bridger Aerospace, one of the largest aerial firefighting companies, reported Q1 2023 results. All aircraft are operational for the 2023 wildfire season. Revenue increased to $365k compared to $69k in Q1 2022. Cost of revenues increased to $7.2 million. SG&A expenses were $33.2 million. Net loss increased to $44.7 million. Adjusted EBITDA was negative ($10.7) million. Bridger expects revenue of $84 million to $96 million and Adjusted EBITDA of $37 million to $45 million for 2023.
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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
BAERW Stock Data
53.16M
Security & Protection Services
Services-business Services, Nec
United States of America
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