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BigBear.ai Holdings, Inc. - BBAI STOCK NEWS

Welcome to our dedicated page for BigBear.ai Holdings news (Ticker: BBAI), a resource for investors and traders seeking the latest updates and insights on BigBear.ai Holdings stock.

BigBear.ai Holdings, Inc. (NYSE: BBAI) is a leading provider of AI-powered decision intelligence solutions for both military and commercial sectors. Headquartered in Columbia, Maryland, and with additional locations in Virginia, Massachusetts, and California, BigBear.ai serves critical markets such as national defense, intelligence communities, global supply chains, logistics, autonomous systems, and cybersecurity.

BigBear.ai's core operations encompass a comprehensive suite of solutions, including artificial intelligence and machine learning, data science, advanced analytics, cybersecurity (both offensive and defensive), data management, cloud solutions, digital engineering, and systems integration. These offerings empower organizations to gain information superiority, manage risk, and make well-informed decisions.

The company’s clientele includes key government agencies such as the U.S. Intelligence Community, Department of Defense, and various U.S. federal government entities. In the commercial sector, BigBear.ai’s decision intelligence solutions enhance the efficiency and effectiveness of complex manufacturing, distribution, and healthcare operations.

Recent key developments for BigBear.ai include reporting positive financial results for the third quarter of 2023. This marks the company’s first quarter of positive cash from operations, net income, and adjusted EBITDA. Additionally, BigBear.ai's strategic decision to acquire Pangiam is set to expand its Vision AI portfolio, further solidifying its leadership in AI-driven solutions.

BigBear.ai also collaborates with major technology partners such as AWS to bring advanced AI-driven solutions to market. For instance, BigBear.ai's ProModel, a discrete-event simulation product, is integrated into AWS ProServe customers' operations, optimizing warehousing and supply chain processes.

As part of its growth strategy, BigBear.ai continues to secure significant contracts like the extension for the U.S. Army’s Global Force Information Management (GFIM) system. This project aims to modernize the Army's data-centric operations, enhancing force readiness and system security.

For more detailed and up-to-date information, please visit BigBear.ai's official website.

News

BigBear.ai to Report First Quarter 2023 Results on May 2, 2024

Rhea-AI Summary
BigBear.ai, a prominent AI solutions provider for national security and supply chain management, will release its first-quarter 2023 earnings on May 2, 2024, without hosting an earnings call.
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-5.23%
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BigBear.ai Announces Close of Pangiam Acquisition, $54M of Incremental Cash Proceeds, Net Loss of $21.3 million in Q4 2023, and Second Consecutive Quarter of Positive Adjusted EBITDA in Q4 2023 Financial Results

Rhea-AI Summary
BigBear.ai (BBAI) successfully closed the Pangiam acquisition, enhancing its capabilities with facial recognition and biometrics. The company reported a net loss of $21.3 million in Q4 2023 but showed improvement. Positive adjusted EBITDA of $3.7 million in the second consecutive quarter. 2024 revenue outlook of $195 - $215 million. CEO Mandy Long expressed pride in the company's progress and foundation.
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-31.65%
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BigBear.ai Completes Pangiam Acquisition: Establishes Combined Company as Breakout Leader in Vision AI for National Security, Supply Chain Management, and Digital Identity

Rhea-AI Summary
BigBear.ai (BBAI) completes acquisition of Pangiam Intermediate Holdings, LLC to enhance Vision AI capabilities in national security, supply chain management, and digital identity markets.
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2.98%
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BigBear.ai to Report Fourth Quarter 2023 Results on March 7, 2024

Rhea-AI Summary
BigBear.ai (BBAI) to Release Fourth Quarter Earnings on March 7, 2024
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-5.34%
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BigBear.ai to Host Investor Presentation on February 6, 2024

Rhea-AI Summary
BigBear.ai (BBAI) will host an investor presentation to provide updates on its planned acquisition of Pangiam, previously announced on November 6, 2023. The presentation will take place on February 6, 2024, at 5:00 p.m. ET. Event access instructions will be posted on BigBear.ai’s Events Page on January 22, 2024. A replay of the event will be available on-demand for two weeks following the presentation.
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-3.78%
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BigBear.ai Awarded $17.9M Extension on Phase 2 of U.S. Army GFIM OTA, Enhancing the Data Layer and Critical Functionality

Rhea-AI Summary
BigBear.ai (NYSE: BBAI) extends contract with U.S. Army for Global Force Information Management (GFIM) system, valued at $17.9 million. The extension focuses on enhancing the data layer, developing the MVP, and ensuring secure operation within the cARMY Cloud environment. The project aligns with the Army's vision for a data-centric force and represents a commitment to achieving a state-of-the-art platform that meets the Army's highest standards of data security and operational effectiveness.
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10.18%
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BigBear.ai Expands its Relationship with AWS to Deliver AI-Driven Solutions

Rhea-AI Summary
BigBear.ai (BBAI) partners with Amazon Web Services (AWS) Professional Services to provide AI-driven warehousing solutions, reinforcing its position as a leader in AI-driven solutions. The partnership aims to enhance supply chain and warehouse operations worldwide, offering optimized facilities design, streamlined process workflows, efficient staffing models, arrival and departure scheduling, and strategic resource allocation through BigBear.ai’s ProModel AI-driven warehousing solutions.
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2.87%
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AI
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BigBear.ai Announces Definitive Merger Agreement to Acquire Pangiam as well as First Quarter of Positive Net Income, Positive Adjusted EBITDA & Positive Cash Flows from Operations in Third Quarter 2023 Financial Results

Rhea-AI Summary
BigBear.ai Holdings, Inc. (BBAI) announces merger agreement to acquire Pangiam, achieving first quarter of positive net income, adjusted EBITDA, and cash flows since public debut. Reiterates FY Guidance of Revenue between $155 million and $170 million. Decline in Q3 2023 revenue to $34.0 million, gross margin of 24.7%, and net income of $4.0 million. Announces definitive merger agreement to acquire Pangiam for approximately $70 million in an all-stock transaction, expecting to close in Q1 2024.
Rhea-AI Impact
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-4.49%
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BigBear.ai to Acquire Pangiam, Combining Facial Recognition and Advanced Biometrics with BigBear.ai’s Computer Vision Capabilities to Spearhead the Vision AI Industry

Rhea-AI Summary
BigBear.ai, a leading provider of AI-enabled business intelligence solutions, announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, LLC for approximately $70 million in an all-stock transaction. The merger will create one of the industry's most comprehensive Vision AI portfolios, positioning the company as a foundational leader in the application of AI. The acquisition is expected to close in Q1 2024.
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2.08%
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BigBear.ai Expands Partnership with Thomas Jefferson University Hospital

Rhea-AI Summary
BigBear.ai announces expansion of its AI platform at Thomas Jefferson University Hospital to improve day-to-day operations in resource and bed management, nurse staffing, and transfer center. The FutureFlow RX Predictive AI platform allows hospitals to create 'digital twins' and simulate operational scenarios for more efficient planning and execution.
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4.1%
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FAQ

What is the current stock price of BigBear.ai Holdings (BBAI)?

The current stock price of BigBear.ai Holdings (BBAI) is $1.73 as of November 14, 2024.

What is the market cap of BigBear.ai Holdings (BBAI)?

The market cap of BigBear.ai Holdings (BBAI) is approximately 443.2M.

What does BigBear.ai Holdings, Inc. do?

BigBear.ai Holdings, Inc. provides AI-powered decision intelligence solutions for military and commercial sectors, including AI, machine learning, data science, and cybersecurity.

Who are BigBear.ai's primary clients?

BigBear.ai serves the U.S. Intelligence Community, Department of Defense, U.S. federal government, and industries like manufacturing, distribution, and healthcare.

Where is BigBear.ai headquartered?

BigBear.ai is headquartered in Columbia, Maryland, with additional locations in Virginia, Massachusetts, and California.

What are some key products BigBear.ai offers?

BigBear.ai offers a range of products including AI and machine learning solutions, data science, advanced analytics, cybersecurity, digital engineering, and systems integration.

What recent achievements has BigBear.ai reported?

BigBear.ai reported positive financial results for Q3 2023, marking the first quarter of positive cash from operations, net income, and adjusted EBITDA. They also announced plans to acquire Pangiam.

What strategic partnerships does BigBear.ai have?

BigBear.ai collaborates with AWS, integrating AI-driven solutions like ProModel to optimize warehousing and supply chain operations.

What is BigBear.ai's role in the U.S. Army’s GFIM system?

BigBear.ai is modernizing the U.S. Army's Global Force Information Management (GFIM) system to enhance data-centric operations, force readiness, and system security.

How does BigBear.ai support decision-making?

BigBear.ai's solutions help organizations gain information superiority, manage risk, and make informed decisions by leveraging AI, advanced analytics, and data management technologies.

Is BigBear.ai a public company?

Yes, BigBear.ai is a publicly traded company listed on the New York Stock Exchange under the symbol BBAI.

Where can I find more information about BigBear.ai?

For more detailed and up-to-date information, visit BigBear.ai's official website at https://bigbear.ai/.

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BigBear.ai Holdings, Inc.

NYSE:BBAI

BBAI Rankings

#3220 Ranked by Market Cap
N/A Ranked by Dividends

BBAI Stock Data

443.23M
250.59M
58.3%
8.58%
8.25%
Information Technology Services
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