Canadair CL-415

Bridger Aerospace Announces Record 2023 Results; Provides Outlook for 2024 Growth

Retrieved on: 
Tuesday, March 19, 2024
Aircraft, Government, Burn, Canadair CL-415, Interest, Growth, Partnership, Scoop (news), Bridger Aerospace, Insurance, Adjustment, GAAP, Depreciation, Snow, Ageing, Wildfire

BELGRADE, Mont., March 19, 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 fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • BELGRADE, Mont., March 19, 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 fourth quarter and fiscal year ended December 31, 2023.
  • This fleet growth, a lean cost structure as well as the earliest deployment in the company’s history has us well positioned for 2024.
  • Gross margin increased to 38% in 2023 up from 27% in 2022 driven primarily by record utilization of the Company’s growing Super Scooper fleet in 2023.
  • For 2023, Bridger reported a net loss of $77.4 million compared to a net loss of $42.1 million in 2022.

Bridger Aerospace Announces Pending Closure of Spanish Scooper Transaction

Retrieved on: 
Tuesday, November 21, 2023
Aircraft, Partnership, Acquisition, Wildfire, European, Canadair CL-415, Canadair, Summer, Airline

The purchase by the partnership, which brings together Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, is expected to formally close in ten business days.

Key Points: 
  • The purchase by the partnership, which brings together Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, is expected to formally close in ten business days.
  • Bridger plans to acquire the aircraft in a sequential manner as they are modified and subsequently contracted for service.
  • Bridger expects the first two Scoopers to be ready for contract operations in the Summer of 2024 in the European Union.
  • McAndrew Rudisill, Bridger’s Chief Investment Officer, commented, “We are excited to partner with Marathon and Avenue to co-invest in the transformative Spanish Scooper acquisition and appreciate their exhaustive efforts to close this transaction.

Bridger Aerospace Announces Record Third Quarter 2023 Results and Establishes Initial 2024 Guidance

Retrieved on: 
Monday, November 13, 2023
EBITDA, Acquisition, Super, Investment, Depreciation, Adjustment, Canadair CL-415, Aircraft, Rare-earth element, Bookkeeping, Video game, Coal, Airline, Beauty salon

BELGRADE, Mont., Nov. 13, 2023 (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 third quarter ended September 30, 2023 and an update on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates.

Key Points: 
  • BELGRADE, Mont., Nov. 13, 2023 (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 third quarter ended September 30, 2023 and an update on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates.
  • Selling, general and administrative expenses (“SG&A”) were $15.8 million in the third quarter of 2023 compared to $18.1 million in the third quarter of 2022.
  • Bridger reported net income of $17.5 million in the third quarter of 2023 compared to a net loss of $5.7 million in the third quarter of 2022.
  • Adjusted EBITDA was $38.7 million in the third quarter of 2023, compared to $19.1 million in the third quarter of 2022.

Bridger Aerospace Announces $70 Million Proposed Public Follow-On Offering to Fund Growth Initiatives

Retrieved on: 
Tuesday, October 17, 2023
Security (finance), ATTN:, Acquisition, Telephone, Common stock, Prospectus, Canadair CL-415, Form, Bighorn Airways, BAER, Sale, Incorporated, Stifel

BELGRADE, Mont., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”) (NASDAQ: BAER) today announced the commencement of a proposed underwritten public offering by Bridger of $70 million of shares of its common stock, par value $0.0001 per share (“Common Stock”).

Key Points: 
  • BELGRADE, Mont., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”) (NASDAQ: BAER) today announced the commencement of a proposed underwritten public offering by Bridger of $70 million of shares of its common stock, par value $0.0001 per share (“Common Stock”).
  • Bridger intends to grant the underwriters a 30-day option to purchase up to an additional $10.5 million of shares of its Common Stock at the public offering price less the underwriting discounts and commissions.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Stifel, Nicolaus & Company, Incorporated is acting as the lead book-running manager for the offering and BTIG LLC and Canaccord Genuity LLC are also acting as joint book-runners for the offering.

Bridger Aerospace Successful in Bid to Acquire Four Spanish Super Scoopers, Expanding Operations into Europe

Retrieved on: 
Wednesday, September 20, 2023
Aircraft, Wildfire, Bighorn Airways, Bridger, Canadair CL-415, Fire, Canadair, Ministry of the Ecological Transition, Acquisition, Water, BAER, Demography, Scoop (news), Airline

The addition of the Spanish aircraft to Bridger’s existing Scooper fleet increases Bridger’s Scooper fleet to 10 Scoopers, making Bridger the largest private owner of CL-215T/415 Super Scoopers in the world.

Key Points: 
  • The addition of the Spanish aircraft to Bridger’s existing Scooper fleet increases Bridger’s Scooper fleet to 10 Scoopers, making Bridger the largest private owner of CL-215T/415 Super Scoopers in the world.
  • Additionally, with the anticipated closing of the acquisition of Bighorn Airways, Inc. in 2023, Bridger’s total wildfire fighting fleet will consist of 32 planes.
  • The CL-215T/415 Super Scooper is the safest, most cost-effective and only purpose built aerial firefighting asset in the world.
  • The amphibious aircraft skims the surface of a body of water to scoop water into onboard tanks to drop on a fire.

Bridger Aerospace Announces Second Quarter 2023 Results 

Retrieved on: 
Thursday, August 10, 2023
Acceleration, Maintenance, RSU, U.S. Department of the Interior, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, Bighorn Airways, Bridger, Ageing, Canadair CL-415, Sale, Interest, EBITDA, Investment, BAER, Interior, Depreciation, Weather, Adjustment, Bighorn sheep, Bridger Aerospace, Airline, Beauty salon, Cryptocurrency

BELGRADE, Mont., Aug. 10, 2023 (GLOBE NEWSWIRE) --  Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported results for the second quarter ended June 30, 2023.

Key Points: 
  • BELGRADE, Mont., Aug. 10, 2023 (GLOBE NEWSWIRE) --  Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported results for the second quarter ended June 30, 2023.
  • Revenue for the second quarter of 2023 was $11.6 million compared to $12.8 million in the second quarter of 2022, down approximately 9%.
  • Bridger reported a net loss of $19.0 million in the second quarter of 2023 compared to a net loss of $4.6 million in the second quarter of 2022.
  • Adjusted EBITDA was $1.0 million in the second quarter of 2023, compared to $2.0 million in the second quarter of 2022.

NightRide Thermal Partners with Bridger Aerospace Group Holdings to Equip Aerial Firefighting Aircraft with High-Resolution Thermal Cameras to Increase Situation Awareness

Retrieved on: 
Friday, June 23, 2023
Ranger, Oregon Department of Forestry, Partnership, United States Forest Service, Firefighter, Forestry, Wildfire, Canadair CL-415, Fire, Temperature, Aircraft, Forest, The War Zone, Night Ride, NASA, Water, Bridger Aerospace

BROOKLYN, N.Y. and BOZEMAN, Mont., June 23, 2023 /PRNewswire/ -- NightRide Thermal Inc., a leader in vehicle-mounted thermal cameras, today announced a partnership with Bridger Aerospace Group Holdings, Inc. ("Bridger" or "Bridger Aerospace"), one of the nation's largest aerial firefighting companies, to supply Bridger with high-resolution thermal cameras to increase situational awareness during mission critical flights.

Key Points: 
  • BROOKLYN, N.Y. and BOZEMAN, Mont., June 23, 2023 /PRNewswire/ -- NightRide Thermal Inc., a leader in vehicle-mounted thermal cameras, today announced a partnership with Bridger Aerospace Group Holdings, Inc. ("Bridger" or "Bridger Aerospace"), one of the nation's largest aerial firefighting companies, to supply Bridger with high-resolution thermal cameras to increase situational awareness during mission critical flights.
  • "NightRide is our new infrared camera supplier for the scooper IR project," said Zach Hargrove, Engineering Program Manager at Bridger.
  • "We integrated the Ranger model into our aircraft and have been very pleased with the results.
  • "The application of the NightRide Thermal cameras will greatly bolster pilot confidence and their ability to fly safer.

Bridger Aerospace Announces First Quarter 2023 Results

Retrieved on: 
Friday, May 12, 2023
Insurance, Maintenance, SG, Wildfire, Aviation, Canadair CL-415, Sale, Interest, M&A, EBITDA, BAER, Depreciation, Growth, Adjustment, Bridger Aerospace, Aircraft, Airline, Bookkeeping

BOZEMAN, Mont., May 12, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” 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, 2023.

Key Points: 
  • BOZEMAN, Mont., May 12, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger” 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, 2023.
  • Bridger reported a net loss of $44.7 million in the first quarter of 2023 compared to a net loss of $14.9 million in the first quarter of 2022.
  • Adjusted EBITDA was negative ($10.7) million in the first quarter of 2023, compared to negative ($9.1) million in the first quarter of 2022.
  • Bridger Aerospace will hold an investor conference call on Friday, May 12, 2023 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time) to discuss these results, its current financial position and business outlook.

Bridger Aerospace Announces Full Year 2022 Results; Provides Outlook for 2023 Growth

Retrieved on: 
Monday, March 20, 2023
Maintenance, Bank statement, Aviation, Canadair CL-415, Fire, State government, GAAP, Interest, EBITDA, BAER, Depreciation, Growth, Adjustment, Bridger Aerospace, Aircraft, Cryptocurrency, Airline, Video game, Bookkeeping

As a result, Adjusted EBITDA is projected to range from $37 million to $45 million for 2023.

Key Points: 
  • As a result, Adjusted EBITDA is projected to range from $37 million to $45 million for 2023.
  • Revenue for 2022 grew 18% to $46.4 million compared to $39.4 million in 2021.
  • For 2022, Bridger reported a net loss of $42.1 million compared to a net loss of $6.5 million in 2021.
  • An audio replay will be available through March 27, 2023 by calling 844-512-2921 or 412-317-6671 and using the passcode 13736897.

Bridger Aerospace Takes Delivery of its Sixth Super Scooper, Further Expanding Nation’s Largest Fleet

Retrieved on: 
Thursday, February 16, 2023
Aircraft, Wildfire, Water, Unmanned aerial vehicle, UAS, De Havilland Canada, BAER, Canadair CL-415, Air attack, State government, Airline

BOZEMAN, Mont., Feb. 16, 2023 (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 taken delivery of its sixth CL-415EAF “Super Scooper” from De Havilland Aircraft of Canada Limited.

Key Points: 
  • BOZEMAN, Mont., Feb. 16, 2023 (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 taken delivery of its sixth CL-415EAF “Super Scooper” from De Havilland Aircraft of Canada Limited.
  • “The delivery of our sixth Scooper will allow us to further expand our operations and allow greater deployment of the Bridger aircraft fleet across the U.S.,” commented Tim Sheehy, Bridger Aerospace’s Chief Executive Officer.
  • The purposeful design of the Super Scooper allows for an aggressive low-altitude flight profile, which enables pilots to deliver their drops with more precision, hitting the fire harder and extinguishing it faster.
  • “By adding to what was already the nation’s largest fleet of Super Scoopers, we hope to ensure their availability to our federal and state government customers to help combat the growing threat of wildfires,” added Sheehy.