Financial ReportingBridger Aerospace's auditors confirmed material weaknesses in financial reporting, though these are not considered significant given the company's status as a new public entity.
Operational CostsGross margin decreased due to increased depreciation, maintenance, insurance, and travel expenses associated with higher aircraft utilization and inflationary pressures.
Regional RevenueCalifornia revenue associated with by-the-hour wildfire suppression operations is likely lower than anticipated due to the aircraft remaining in standby mode.