Fri, Jul 12, 8:38 PM (57 days ago)
Bridger Aerospace Group Holdings, Inc. filed an amendment (Form 10-K/A) to restate its financial statements for the fiscal year ended December 31, 2023, due to a material misstatement in diluted EPS. The restatement affects the annual and interim financial statements for 2023. The miscalculation involved errors in net income attributable to common stockholders and the weighted average common stock outstanding. The amendment addresses the financial impact, internal control weaknesses, and updates related sections including risk factors and management’s discussion. The company identified material weaknesses in internal controls over financial reporting, particularly in accounting for complex transactions and IT general controls. Bridger's future outlook includes addressing these weaknesses and enhancing financial reporting accuracy.