Bridger Aerospace Q2 Revenue Misses by 18%, EBITDA Falls 60% Short of Estimates
BAER is trading near its 52-week low of $1.47 (15% below the low) on elevated volume (3.9× avg).
Summary
Bridger Aerospace reported Q2 revenue of $30.5M, missing the $37M consensus by 18%, while adjusted EBITDA of $8.1M came in 60% below the $20.2M estimate. The miss was driven by a drop in non-recurring return-to-service work, partially offset by higher Super Scooper flight hours. Management reiterated full-year guidance of $135M-$145M in revenue and $55M-$60M in adjusted EBITDA, citing extended aircraft utilization into Q4 from severe wildfire conditions. This follows a string of positive contract wins, including a $58M Texas deal and international leases, but the Q2 shortfall raises doubts about the ramp needed to hit the annual target. The stock, already near its 52-week low, faces pressure from a Blackstone affiliate filing to sell 1.85M shares earlier this week.
At the time of this announcement, BAER was trading at $1.25 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $97.4M. The 52-week trading range was $1.47 to $3.44. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.