BigBear.ai Announces Third Quarter 2024 Results
BigBear.ai, Inc. (BBAI)
Company Research
Source: Business Wire
Awarded 5-year production contract valued at $165 million, beginning in Q4 2024, to deliver the U.S. Army’s Global Force Information Management - Objective Environment (GFIM-OE).Demonstrated ConductorOS, the Company’s distributed AI orchestration platform, in a live environment at the U.S. Department of Defense’s (DoD’s) Rapid Defense Experimentation Reserve Technology Readiness Experimentation (RDER T-REX)24-2 event and is showcasing capabilities of ConductorOS in the U.S. Navy’s Mission Autonomy Proving Ground (MAPG) series of exercises through the rest of 2024.Revenue increased 22.1% to $41.5 million compared to $34.0 million in 2023.Gross margin increased to 25.9% in the third quarter of 2024 compared to 24.7% in 2023.Net loss of $12.2 million and non-GAAP Adjusted EBITDA* of positive $0.9 million.Cash balance of $65.6 million as of September 30, 2024; $1.9 million net cash used in operating activities in the third quarter.Affirming full-year 2024 revenue guidance between $165 mil
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News
- Better Artificial Intelligence Stock: BigBear.ai vs. SoundHound AI [Yahoo! Finance]Yahoo! Finance
- BigBear.ai Holdings, Inc. (NYSE:BBAI) Gets Buy Rating, Analyst Highlights $165M US Army Contract and Resilient Business Model [Yahoo! Finance]Yahoo! Finance
- BigBear.ai Holdings, Inc. (NYSE:BBAI) stock most popular amongst private equity firms who own 32%, while individual investors hold 32% [Yahoo! Finance]Yahoo! Finance
- Why Bigbear.ai Stock Is Sinking Today [Yahoo! Finance]Yahoo! Finance
- BigBear.ai Holdings, Inc. (NYSE: BBAI) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $3.50 price target on the stock.MarketBeat
BBAI
Earnings
- 11/5/24 - Beat
BBAI
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- BBAI's page on the SEC website