BIGBEAR AI HLDGS INC Stock Price, News & Analysis

BigBear.ai (NYSE: BBAI) has announced a collaboration with Hardy Dynamics to support the U.S. Army's Project Linchpin through a Direct-to-Phase II Small Business Innovation Research (SBIR) contract. The project focuses on developing next-generation AI technologies for secure communication and coordination of unmanned aerial system (UAS) swarms.

Hardy Dynamics will utilize BigBear.ai's ConductorOS platform to enable interoperability between autonomous systems and develop adaptive ML algorithms for dynamic environment response. The initiative aligns with the Army Transformation Initiative, specifically addressing C-sUAS capability gaps and AI integration for accelerated decision-making in command and control nodes.

BigBear.ai (NYSE: BBAI) has been invited to participate in the BASC Panama 2025 International Forum, a significant event focused on secure trade and logistics scheduled for April 29, 2025 in Panama City. The forum, themed 'Navigating Panama's Maritime and Logistics Future: Security for Global Trade,' will bring together global leaders in finance, logistics, maritime operations, and international trade.

BigBear.ai's representatives from the border and homeland security sector, including former high-ranking U.S. Customs and Border Protection officials and company executives, will join Panamanian government stakeholders and international corporate leaders in panel discussions focusing on port modernization, supply chain security, and global commerce developments.

BigBear.ai (NYSE: BBAI) has announced a partnership with Austal USA, one of America's largest shipbuilders, to deploy its AI/ML-powered manufacturing platform for submarine construction. The company's Shipyard AI® platform will be implemented at Austal's Mobile, Alabama headquarters to enhance shipbuilding capacity planning and maximize efficiency.

The platform, developed specifically for shipyard planners and builders, aims to address common industry challenges including resource constraints, bottlenecks, and workforce limitations. This implementation is part of Austal USA's significant modernization investment and will support their role as a module supplier for U.S. Navy submarines.

BigBear.ai (NYSE: BBAI), an AI technology provider specializing in defense, national security, travel, trade, and enterprise solutions, has announced its upcoming first quarter 2025 financial results release. The company will publish its earnings report on Thursday, May 1, 2025 at approximately 4:15 pm ET, followed by an earnings conference call later that evening. Investors can access the earnings release through the company's investor relations website at https://ir.bigbear.ai. Additional details regarding the earnings call will be made available on the same website on May 1, 2025.

BigBear.ai (NYSE: BBAI) has secured a $13.2 million sole source contract from the U.S. Department of Defense for a 3.5-year term. The contract focuses on supporting the Chairman of the Joint Chiefs of Staff's Directorate for Force Management (J-35) through the delivery and maintenance of the ORION Decision Support Platform (DSP).

The platform provides automated force management capabilities and data analytics to the DoD's Joint Planning and Execution Community. ORION DSP integrates data from Armed Services, enables global force visualization, and facilitates Course of Action development. The system has significantly improved efficiency, reducing analysis time from weeks to minutes.

The contract was awarded through the Tradewinds Marketplace, marking BigBear.ai's second award through this DoD AI/ML procurement platform. The company will enhance ORION DSP's scalability, adaptability, and analytical capabilities to support force planning and strategic decision-making across the department.

BigBear.ai (NYSE: BBAI) reported Q4 2024 financial results with revenue of $43.8 million, up 8% year-over-year from $40.6 million in Q4 2023. The company's gross margin improved to 37.4% from 32.1% in Q4 2023.

Key financial highlights include:

• Net loss of $108.0 million in Q4 2024 (vs $21.3 million in Q4 2023)
• Cash balance of $50.1 million as of December 31, 2024
• Ending backlog of $418 million, a 2.5x increase from 2023
• Exchanged $182.3 million in convertible notes, with $58 million already converted to equity

For 2025, BigBear.ai projects revenue between $160 million - $180 million with negative single-digit Adjusted EBITDA. The company received $64.7 million in gross proceeds during Q1 2025 from warrant exercises, reducing net debt from $150 million to $27 million and improving the debt-to-cash ratio from 4.0 to 1.2.

BigBear.ai (NYSE: BBAI) announced its participation in Exercise Talisman Sabre 2025 (TS25), deploying its AI platform ConductorOS to enhance capabilities for AUKUS forces. The exercise, taking place this summer in Australia, will be the 11th and largest iteration with 19 nations participating.

ConductorOS will integrate with advanced technologies to strengthen interoperability among AUKUS (Australia, UK, and US) forces. The platform will help military forces by:

• Updating AI models in real-time
• Improving coordination between sensors and shooters
• Enhancing decision-making during operations

The platform will integrate with US Department of Defense Programs of Record and Australian unmanned vehicles for ground and air operations. U.S. participation in the Resilient Autonomy and AI Technologies (RAAIT) trials is supported by the Office of the Under Secretary of Defense for Research and Engineering.

BigBear.ai (NYSE: BBAI), a technology company specializing in AI solutions for defense, national security, travel, trade, and enterprise sectors, has announced its upcoming fourth quarter and full year 2024 financial results release. The company will publish its earnings report on Thursday, March 6, 2025, at approximately 4:15 pm ET. Investors and interested parties can access the earnings release through the company's investor relations website at https://ir.bigbear.ai.