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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 been awarded a $14.8 million contract by the U.S. Army as the sole source prime contractor for the Global Force Information Management (GFIM) system. This project aims to integrate 14 legacy systems into a single automation platform, enhancing decision-making for up to 160,000 Army users. Palantir Technologies (NYSE: PLTR) is a key partner, helping to drive the Army's data-centric initiatives.
BigBear.ai (NYSE: BBAI) announced key leadership promotions aimed at enhancing its scalability and profitability. Dan Jones becomes Chief Products Officer, overseeing product management and technology strategy. Sean Ricker is promoted to Chief Accounting Officer to improve financial strategies, while André Hentz assumes the role of Chief Transformation Officer to drive operational efficiency. Tony Barrett is named President and General Manager of Federal Markets, focusing on AI-driven analytics and cyber solutions for federal clients. These changes are expected to facilitate sustainable growth and improve customer value.
BigBear.ai Holdings (BBAI) reported Q2 2022 revenue of $37.6 million, an increase from $36.3 million year-over-year. The company faced challenges with a net loss of $(56.8) million due to a non-cash impairment charge of $35.3 million. Their gross margin remained at 25%, while the Analytics segment gross margin was 39%. Ending backlog reached $325 million, but revised guidance indicates more cautious expectations for the remainder of the year. The CEO emphasized a commitment to operational efficiency and strategic investments moving forward.
BigBear.ai (NYSE: BBAI) announced participation in the 25th Annual Oppenheimer Technology, Internet & Communications Conference on August 10, 2022. CEO Dr. Reggie Brothers, CFO Julie Peffer, and Chief Corporate Development Officer Josh Kinley will present at 1:15 p.m. ET and hold virtual 1-on-1 sessions with investors. A live webcast of the fireside chat will be available on their Investor Relations website. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions, serving customers including the US Intelligence Community and Department of Defense.
BigBear.ai (NYSE: BBAI) announced it will release its financial results for Q2 2022 on August 9, 2022, after market close. The earnings conference call will take place at 5:00 p.m. ET on the same day, accessible via phone at 877-485-3107 (toll-free) or webcast on the Investor Relations website. A replay of the call will be available for two weeks. BigBear.ai provides AI-driven analytics and cyber engineering solutions to critical sectors including government and commercial industries.
BigBear.ai (NYSE: BBAI) is set to present at key industry events throughout Q3 2022, focusing on the imperative for trustworthy AI. CEO Dr. Reggie Brothers will address health equity and ethical AI during the AIM-AHEAD Symposium, while also discussing AI's role in data privacy at the WEBIT Summer Impact Forum. Additionally, BigBear.ai will showcase cybersecurity solutions at the Space and Missile Defense Symposium and AFCEA TechNet Augusta, along with manufacturing optimizations at Autodesk University. These events highlight the company's commitment to ethical AI across diverse sectors.
BigBear.ai has announced key leadership changes to enhance its growth strategy. Effective June 13, 2022, Julie Peffer, a finance leader with extensive experience in SaaS and defense sectors, will be the new Chief Financial Officer, succeeding Josh Kinley, who will become Chief Corporate Development Officer. Peffer joins from MedeAnalytics, and her role is expected to drive revenue growth. Kinley will focus on M&A opportunities and integration strategies. Both appointments aim to position BigBear.ai to capitalize on increasing demand for AI and ML solutions.
BigBear.ai (NYSE: BBAI) will participate in the 42nd Annual Growth Stock Conference hosted by William Blair on June 6, 2022, where CEO Dr. Reggie Brothers will present at 2:20 p.m. ET. The event will feature 1-on-1 sessions for investors with Dr. Brothers and CFO Josh Kinley. The presentation is accessible via a live webcast on BigBear.ai's investor relations page and will be available for replay for 90 days. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions for various sectors, including the US Intelligence Community.
BigBear.ai (NYSE: BBAI) has appointed Tony Barrett as President of its Cyber and Engineering Sector, aiming to enhance growth in the Federal Market. Barrett, a former Marine Corps Intelligence Officer, previously served as Senior VP of Integrated Defense Solutions at BigBear.ai. He has a strong record, including quadrupling revenue at PCI, which BigBear.ai acquired in 2021. Barrett's focus will be on innovative AI and cybersecurity solutions to meet customer needs and improve service delivery.
BigBear.ai (NYSE: BBAI) will hold its first Annual Meeting of Stockholders virtually on June 21, 2022, at 3:00 p.m. Eastern Time. Stockholders recorded by June 3, 2022, can vote on key issues including the election of four Class I directors and the ratification of Grant Thornton LLP as the independent auditor. The proxy statement has been filed with the Securities and Exchange Commission and is available on BigBear.ai's investor relations website.
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