Liking a bit! Enjoy! Hehehe. NFA
$Bridger Aerospace(BAER.US$ Recent inside bullish bar and has broken to the upside of the channel that the downward trend was trading in for the last 9 days! Thusday, the day after the inside bar formed on the daily, is when it broke out of the channel. And continued Friday.
Then to add to my bullish stance is the earnings call! Here is a summary of that call!
Financial Performance:
Bridger Aerospace Group Holdings reported Q1 2024 revenue of $5.5 million, a significant increase from Q1 2023's $365,000, due to the early deployment of surveillance and Super Scooper aircraft to Texas and Oklahoma.
The company's costs of revenues increased to $9.2 million, up 27% from Q1 2023.
Selling expenses decreased to $11.6 million in Q1 2024, a positive change from the $33.2 million of Q1 2023.
Improved fiscal management was shown as net loss improved to $20.1 million in Q1 2024 from a Q1 2023 loss of $44.7 million.
Business Progress:
Bridger had its highest Q1 revenue in history thanks to early wildfire activity and anticipates a very active 2024 wildfire season.
Expansion plans into Canada and Europe are underway, with new partnerships formed with Marathon Asset Management and Avenue Sustainable Solutions Fund.
Technology improvements like the Ignis Technologies platform are ongoing, supporting real-time wildfire risk management.
The company raised around $9.2 million in a direct offering in April 2024, improving their cash position.
Bridger's adjusted EBITDA is forecasted to be $35 million to $51 million on revenue of $70 million to $86 million in 2024.
Bridger Aerospace Group Holdings reported Q1 2024 revenue of $5.5 million, a significant increase from Q1 2023's $365,000, due to the early deployment of surveillance and Super Scooper aircraft to Texas and Oklahoma.
The company's costs of revenues increased to $9.2 million, up 27% from Q1 2023.
Selling expenses decreased to $11.6 million in Q1 2024, a positive change from the $33.2 million of Q1 2023.
Improved fiscal management was shown as net loss improved to $20.1 million in Q1 2024 from a Q1 2023 loss of $44.7 million.
Business Progress:
Bridger had its highest Q1 revenue in history thanks to early wildfire activity and anticipates a very active 2024 wildfire season.
Expansion plans into Canada and Europe are underway, with new partnerships formed with Marathon Asset Management and Avenue Sustainable Solutions Fund.
Technology improvements like the Ignis Technologies platform are ongoing, supporting real-time wildfire risk management.
The company raised around $9.2 million in a direct offering in April 2024, improving their cash position.
Bridger's adjusted EBITDA is forecasted to be $35 million to $51 million on revenue of $70 million to $86 million in 2024.
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SlowndEasyTrading : fewer attempts Failed to break above 7$ also they have negative cash flow I think it’s very tough grind upside although short seller losing control gradually over YTD , risky bet here
TrytosaveabitOP SlowndEasyTrading: Gotcha! Thank you! GL