v3.24.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenues [1] $ 66,708 $ 46,388
Cost of revenues:    
Flight operations [2] 24,412 18,762
Maintenance 16,928 15,124
Total cost of revenues 41,340 33,886
Gross income 25,368 12,502
Selling, general and administrative expense 82,863 35,128
Operating loss (57,495) (22,626)
Interest expense [3] (23,218) (20,020)
Other income 3,053 521
Loss before income taxes (77,660) (42,125)
Income tax benefit 302 0
Net loss (77,358) (42,125)
Series A Preferred Stock—adjustment for deemed dividend upon Closing (48,300) 0
Series A Preferred Stock—adjustment to eliminate 50% multiplier 156,363 0
Series A Preferred Stock—adjustment to maximum redemptions value (22,181) 0
Legacy Bridger Series A Preferred Shares—adjustment for redemption, extinguishment and accrued interest 0 (85,663)
Legacy Bridger Series C Preferred Shares - adjustment to maximum redemption value 0 (202,689)
Net income (loss) attributable to Common stockholders – basic 8,524 (330,477)
Net income (loss) attributable to Common stockholders – diluted $ 8,524 $ (330,477)
Net income (loss) per common stock – basic (in dollars per share) $ 0.19 $ (8.20)
Net income (loss) per common stock – diluted (in dollars per share) $ 0.11 $ (8.20)
Weighted average Common Stock outstanding – basic (in shares) 45,269,201 40,287,478
Weighted average Common Stock outstanding – diluted (in shares) 78,908,017 40,287,478
[1] Includes related party revenues of $0.4 million for the year ended December 31, 2023.
[2] Includes related party cost of revenues of $1.2 million and $0.3 million for the years ended December 31, 2023 and 2022, respectively.
[3] Includes related party interest of $1.2 million and $0.4 million for the years ended December 31, 2023 and 2022, respectively.

Source