Earnings Call Summary | Bridger Aerospace(BAER.US) Q4 2023 Earnings Conference
Earnings Call Summary | Bridger Aerospace(BAER.US) Q4 2023 Earnings Conference
The following is a summary of the Bridger Aerospace Group Holdings, Inc. (BAER) Q4 2023 Earnings Call Transcript:
Financial Performance:
Bridger Aerospace reported a record revenue growth of 44%, amounting to $66.7 million in 2023.
Gross margin increased to 38% in 2023 from 27% in 2022.
Despite an increased net loss of $77.4 million, up from $42.1 million in 2022, the company saw a substantial rise in Adjusted EBITDA from $3.7 million to $18.7 million.
Bridger Aerospace reported cash, restricted cash, and short-term investments of $37.9 million, against an outstanding long-term debt of under $207 million.
Business Progress:
Despite a late start to the US wildfire season in 2023, increased usage of the Super Scooper fleet was reported from Q3 onwards, leading to record utilization.
Two additions were made to the Super Scooper Aircraft fleet in September 2022 and February 2023.
The firm plans to phase out certain old aircraft from their aerial surveillance operations.
For 2024, it is projected that Bridger's standalone operations, inclusive of six scoopers, will generate adjusted EBITDA of $35 million to $51 million, with revenues projected between $70 million to $86 million.
Q1 of 2024 is expected to register a negative adjusted EBITDA, to be compensated with positive adjusted EBITDA in the subsequent two quarters.
More details: Bridger Aerospace IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the Bridger Aerospace Group Holdings, Inc. (BAER) Q4 2023 Earnings Call Transcript:
以下是布里傑航空航天集團控股有限公司（BAER）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Bridger Aerospace reported a record revenue growth of 44%, amounting to $66.7 million in 2023.
Gross margin increased to 38% in 2023 from 27% in 2022.
Despite an increased net loss of $77.4 million, up from $42.1 million in 2022, the company saw a substantial rise in Adjusted EBITDA from $3.7 million to $18.7 million.
Bridger Aerospace reported cash, restricted cash, and short-term investments of $37.9 million, against an outstanding long-term debt of under $207 million.
Bridger Aerospace報告了創紀錄的收入增長44％，在2023年達到6,670萬美元。
毛利率從 2022 年的 27% 增加到 2023 年的 38%。
儘管淨虧損從2022年的4,210萬美元增加了7,740萬美元，但該公司調整後的息稅折舊攤銷前利潤從370萬美元大幅增長至1,870萬美元。
Bridger Aerospace公佈的現金、限制性現金和短期投資爲3,790萬美元，而未償長期債務低於2.07億美元。
Business Progress:
業務進展：
Despite a late start to the US wildfire season in 2023, increased usage of the Super Scooper fleet was reported from Q3 onwards, leading to record utilization.
Two additions were made to the Super Scooper Aircraft fleet in September 2022 and February 2023.
The firm plans to phase out certain old aircraft from their aerial surveillance operations.
For 2024, it is projected that Bridger's standalone operations, inclusive of six scoopers, will generate adjusted EBITDA of $35 million to $51 million, with revenues projected between $70 million to $86 million.
Q1 of 2024 is expected to register a negative adjusted EBITDA, to be compensated with positive adjusted EBITDA in the subsequent two quarters.
儘管2023年美國野火季節起步較晚，但據報道，從第三季度起，Super Scooper機隊的使用量有所增加，從而創下了創紀錄的利用率。
2022年9月和2023年2月，Super Scooper飛機機隊增加了兩架。
該公司計劃逐步停止某些舊飛機的空中監視行動。
預計到2024年，Bridger的獨立業務，包括六家獨家公司，調整後的息稅折舊攤銷前利潤將達到3500萬至5100萬美元，收入預計在7,000萬美元至8,600萬美元之間。
預計2024年第一季度調整後的息稅折舊攤銷前利潤將爲負數，隨後兩個季度將用正的調整後息稅折舊攤銷前利潤來彌補。
More details: Bridger Aerospace IR
更多詳情： 布里傑航空航天紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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