BRIDGER AEROSPACE Reports Earnings Results for Second Quarter of FY2023
August 14, 2023
🌥️Earnings Overview
On August 10 2023, BRIDGER AEROSPACE ($NASDAQ:BAER) reported their earnings results for the second quarter of FY2023 ending June 30 2023. Total revenue decreased by 8.9%, from the same quarter of the previous year, to USD 11.6 million. Net income saw an even greater decline, dropping from -4.6 million the prior year, to a total of USD -19.0 million.
Price History
The company’s stock opened at $6.9 and closed at the same price. It also shows that the company’s strategies are paying off and that it is well placed to capitalize on potential growth opportunities in the future. With further investment and innovation, BRIDGER AEROSPACE has the potential to become an industry leader. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bridger Aerospace. More…
| Total Revenues | Net Income | Net Margin |
| 45.55 | 288.49 | -189.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bridger Aerospace. More…
| Operations | Investing | Financing |
| -53.33 | -52.25 | -2.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bridger Aerospace. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 253.44 | 572.99 | -7.3 |
Key Ratios Snapshot
Some of the financial key ratios for Bridger Aerospace are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -134.3% |
| FCF Margin | ROE | ROA |
| -207.3% | 12.2% | -15.1% |
Analysis
GoodWhale has conducted an analysis of BRIDGER AEROSPACE‘s fundamentals, and the results of the Star Chart show that BRIDGER AEROSPACE is classified as a ‘cheetah’, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This company type is likely to appeal to investors seeking higher growth potential, but they should investigate further before making an investment as this type of company is not as stable as other types. BRIDGER AEROSPACE is strong in growth, but weak in asset, dividend, and profitability. We have concluded that BRIDGER AEROSPACE has an intermediate health score of 4/10 considering its cashflows and debt, and is likely to safely ride out any crisis without the risk of bankruptcy. It is important to note that investors should take into consideration the company’s overall risk profile before making an investment decision. More…
Peers
The competition between Bridger Aerospace Group Holdings Inc and its competitors is fierce, with Defense Technologies International Corp, Mind Gym PLC, and Dark Horse Technology Group Co Ltd all vying for dominance in the market. With all of these companies bringing different strengths and strategies to the table, it will be interesting to see who comes out on top.
– Defense Technologies International Corp ($OTCPK:DTII)
Defense Technologies International Corp (DTI) is a technology-focused defense company specializing in the development and production of tactical systems, advanced surveillance and search and rescue capabilities, as well as reconnaissance and cyber defense technologies. The company’s market cap is 77.29k as of 2023, indicating a relatively small size relative to global defense giants. Additionally, Defense Technologies International Corp boasts an impressive Return on Equity of 100.14%. This high ROE suggests that DTI is successfully and efficiently utilizing the capital it has available to continue to invest in and develop innovative tactical systems for its customers.
– Mind Gym PLC ($LSE:MIND)
At the time of writing, Gym PLC has a market capitalization of £61.6M, as of 2023. This indicates that its shares are currently worth £61.6M in total on the stock market. Gym PLC also has a healthy level of return on equity of 0.84%, indicating that it is able to generate profits from its shareholders’ investments. Gym PLC is an innovative business that focuses on helping people unlock their mental potential and develop their performance in work and beyond. Using its wide range of psychological methods, methods and technology, including cognitive assessments and tailored programs, the company is dedicated to unlocking the potential of people and organisations.
– Dark Horse Technology Group Co Ltd ($SZSE:300688)
The market cap of the Dark Horse Technology Group Co Ltd is 4.76B as of 2023. This company provides information technology, cyber security, and IT consulting services to corporate, government, and other organizations. The Return on Equity (ROE) of the company is -10.69%, which is below average and a sign that the company is not performing well financially. Although the company has a large market cap, their ROE is concerning and should be monitored closely.
Summary
Investors in Bridger Aerospace may be discouraged by the company’s second quarter results for the FY2023, ending June 30, 2023. Total revenue was down 8.9%, and net income decreased more sharply to a loss of USD -19.0 million. This marks a significant drop from the same quarter of the previous year, which reported net income of -4.6 million. Moving forward, investors should carefully consider Bridger Aerospace’s performance and weigh potential risks against potential rewards before making any investment decisions.
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