BAER Stock Gains Following Q3 Earnings Uptick Y/Y, Gross Margin Down
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Bridger Aerospace (BAER) reported an increase in third-quarter revenues due to return-to-service work on Spanish Super Scoopers and higher flight revenues. However, the gross margin decreased.
November 12, 2024 | 5:15 pm
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Bridger Aerospace's Q3 earnings showed a year-over-year increase in revenues, driven by return-to-service work on Spanish Super Scoopers and higher flight revenues. However, the gross margin saw a decline.
The increase in revenues is a positive indicator for BAER, suggesting operational success and potential for future growth. However, the decline in gross margin could be a concern for profitability. Overall, the revenue growth is likely to have a positive short-term impact on the stock price.
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