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0.00613496932515338 0.00613496932515338 -0.00613496932515338 0 0.00613496932515338 0.00613496932515338 0.00613496932515338 -0.0120858895705522
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BigBear.ai Announces Third Quarter 2024 Results [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
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 million and $180 million. COLUMBIA, Md., November 05, 2024 BUSINESS WIRE )--BigBear.ai Holdings, Inc. (NYSE: BBAI) (" BigBear.ai " or the " Company "), a leader in Show less Read more
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