Bridger Aerospace reported Q2 2024 revenues of $13.0 million, up 12% year-over-year, driven by increased aerial surveillance revenue and return-to-service work. However, the company recorded a net loss of $10.0 million, compared to a $19.0 million loss in Q2 2023. Flight operations revenue declined 23% to $4.5 million due to reduced Super Scooper deployments, while standby revenue grew 27% to $6.5 million.The company faces ongoing financial challenges, with management anticipating continued non-compliance with debt service coverage ratio covenants in the next 12 months. While maintaining $8.5 million in unrestricted cash as of June 30, Bridger has implemented cost reduction measures and raised $9.2 million through a registered direct offering in April 2024 to improve its liquidity position.Looking ahead, Bridger continues expanding operations through strategic acquisitions, including the $21.2 million purchase of Flight Test & Mechanical Solutions completed in June 2024. The company is also pursuing opportunities with four Spanish Scoopers, though management notes substantial doubt about its ability to continue as a going concern due to covenant compliance uncertainties and potential debt acceleration risks.

Bridger Aerospace reported Q2 2024 revenues of $13.0 million, up 12% year-over-year, driven by increased aerial surveillance revenue and return-to-service work. However, the company recorded a net loss of $10.0 million, compared to a $19.0 million loss in Q2 2023. Flight operations revenue declined 23% to $4.5 million due to reduced Super Scooper deployments, while standby revenue grew 27% to $6.5 million.The company faces ongoing financial challenges, with management anticipating continued non-compliance with debt service coverage ratio covenants in the next 12 months. While maintaining $8.5 million in unrestricted cash as of June 30, Bridger has implemented cost reduction measures and raised $9.2 million through a registered direct offering in April 2024 to improve its liquidity position.Looking ahead, Bridger continues expanding operations through strategic acquisitions, including the $21.2 million purchase of Flight Test & Mechanical Solutions completed in June 2024. The company is also pursuing opportunities with four Spanish Scoopers, though management notes substantial doubt about its ability to continue as a going concern due to covenant compliance uncertainties and potential debt acceleration risks.