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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) 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.
BigBear.ai Holdings, Inc. (BBAI) reported a revenue of $36.4 million for Q1 2022, up from $35.6 million in Q1 2021. The company closed the acquisition of ProModel Corporation on April 7, enhancing its analytics capabilities. While gross margin decreased to 27% from 29% year-over-year, the analytics segment maintained an adjusted gross margin of 47%. Despite a net loss of $18.8 million attributed to increased costs, BigBear.ai reaffirmed its 2022 outlook with projected revenue growth of 30% and an ending backlog of $459 million.
BigBear.ai (NYSE: BBAI) announced its participation in the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. CEO Dr. Reggie Brothers and CFO Josh Kinley will conduct virtual 1-on-1 sessions with investors. The company specializes in AI-powered analytics and cyber engineering solutions, servicing clients like the US Intelligence Community and the Department of Defense. For additional meeting arrangements, interested parties can reach out via Oppenheimer or email investors@bigbear.ai for details.
BigBear.ai (NYSE: BBAI) is launching a thought-leadership campaign at global industry events to showcase its AI technology advancements.
Executives will discuss the capabilities of ProModel Corporation, focusing on responsible AI usage and its impact on federal and commercial markets. Key events include:
- CTMA Partners Meeting (May 3-5, Virginia Beach, VA)
- DIA Future Technologies Symposium (May 11-12, Virtual)
- Conference on Governance of Emerging Technologies (May 19-20, Phoenix, AZ)
- Automotive Innovation Forum (May 24-25, Munich, Germany)
- DAX 2022 (June 4, Baltimore, MD)
BigBear.ai (NYSE: BBAI) will report its financial results for Q1 2022 on May 9, 2022, after market close. An earnings conference call is scheduled for 5:00 p.m. ET that day, accessible via toll-free number 877-485-3107 or via the webcast on the BigBear.ai Investor Relations website. A replay will be available for two weeks. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions, serving clients including the U.S. Intelligence Community and Department of Defense, with a focus on mission-critical operations.
BigBear.ai (NYSE: BBAI) has appointed Carolyn Blankenship as General Counsel, bringing over 25 years of legal experience in AI, data ethics, and M&A. Her responsibilities will include guiding corporate legal strategy and fostering trusted AI principles as the company expands. Previously at Thomson Reuters, she managed IP for M&A activities totaling over
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