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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.
BigBear.ai (NYSE: BBAI) has announced its upcoming financial results for the first quarter ended March 31, 2023. The report will be released after market close on Tuesday, May 9, 2023. A conference call is scheduled for the same day at 5:00 p.m. ET, which can be accessed at 888-428-7458 (toll-free) or 862-298-0702 (toll). A live webcast will be available on the BigBear.ai Investor Relations website. For those unable to attend live, a replay will be accessible for two weeks by calling 877-660-6853 (toll-free) or 201-612-7415 (toll), using access code 13738143. BigBear.ai specializes in AI-powered decision intelligence solutions, serving markets including supply chains, logistics, and cyber, with clients such as the US Intelligence Community and the Department of Defense.
BigBear.ai Holdings, Inc. (NYSE: BBAI) reported its full year financial results for 2022, achieving revenues of $155.0 million, a 6% year-over-year increase. The Analytics segment saw a 19% revenue growth, with an adjusted gross margin of 44%. The company experienced a net loss of $121.7 million, slightly down from $123.6 million in 2021. Notably, BigBear.ai closed a $25.0 million private placement to enhance liquidity. The fourth quarter revenue rose 21% to $40.4 million, driven by significant contract wins. The company aims for revenue guidance of $155 million - $170 million in 2023.
BigBear.ai (NYSE: BBAI) is partnering with the U.S. Navy to showcase its Ursa Minor technology during the International Maritime Exercise 23 (IMX 23) in Bahrain and Jordan. The event aims to enhance unmanned technologies and AI integration in naval operations. Ursa Minor utilizes AI/ML to deliver situational awareness and predictive forecasts, crucial for monitoring international waters. The collaboration reflects BigBear.ai's commitment to supporting the Navy in its ambition to create the world's first fleet of autonomous vessels by summer 2023.
BigBear.ai (NYSE: BBAI) will release its financial results for the fourth quarter and full year ended December 31, 2022 on March 13, 2023, after market close. An earnings conference call and webcast is scheduled for the same day at 5:00 p.m. ET. Investors can access the call by calling 877-485-3107 (toll-free) or 201-689-8427 (toll). A webcast will also be available on the BigBear.ai Investor Relations website. A replay will be available for two weeks after the event. BigBear.ai provides AI-powered analytics and cyber engineering solutions to various sectors, including the US Intelligence Community.
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