Senate Nominee’s Company Lost $77M Last Year

The Washington Post reports:

As he campaigns in one of the nation’s most competitive U.S. Senate races, Montana Republican Tim Sheehy recounts how he started an aerial firefighting business in his barn and built it into a publicly traded company on the front lines of increasingly dangerous wildfires. “That’s a success story,” he said in a June television interview.

Reports filed with the Securities and Exchange Commission in recent months tell a different story about Bridger Aerospace, known for its “Super Scooper” planes that can remove up to 1,400 gallons at a time from a body of water to dump on a nearby wildfire.

Bridger is facing a cash crunch so dire that there is “substantial doubt about the Company’s ability to continue,” according to public filings that show the company lost $77.4 million last year and $20.1 million in the first three months of 2024.

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