Record Revenue and Growth in Q3 2024
Revenue increased by approximately 20% to $64.5 million from $53.6 million in Q3 2023. Net income was $27.3 million, up from $17.5 million in the previous year. Adjusted EBITDA rose to $47 million from $38.7 million in Q3 2023.
Expansion and Strategic Contracts
Successfully secured exclusive use minimum day task orders for multiple aircraft, increasing utilization. Revenue from FMS acquisition and Spanish Super Scoopers contributed significantly.
Positive Financial Outlook
Increased 2024 revenue guidance to $90-$95 million, a 35%-42% increase over 2023. Expected adjusted EBITDA to grow by over 85%.
Technological Advancements
Ignis Technologies launched a mobile app for firefighters, with several organizations piloting it. Plans to integrate real-time sensor imagery with the app.