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.
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
BigBear.ai (NYSE: BBAI) has successfully acquired ProModel Corporation, enhancing its commercial growth strategy focused on operational AI for various industries. This acquisition provides BigBear.ai access to ProModel's predictive analytics software, used by numerous Fortune 500 companies. It allows BigBear.ai to integrate advanced decision-making capabilities in supply chains and process optimization. The deal is expected to significantly expand BigBear.ai’s customer base, adding hundreds of clients and improving market penetration globally.
BigBear.ai (NYSE: BBAI) will ring the Opening Bell at the New York Stock Exchange on March 30, 2022, celebrating its public listing on December 8, 2021. CEO Dr. Reggie Brothers will join the executive team for the event, which starts at 9:30 a.m. ET. Live coverage will be available on the NYSE website and social media platforms. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions and has been operational for over 20 years, serving clients that include the U.S. Intelligence Community and Department of Defense.
BigBear.ai Holdings, Inc. (BBAI) reported a revenue of $145.6 million for 2021, with a 23% gross margin. The company secured nine new contracts, leading to a backlog of $465 million. Despite a net loss of $123.6 million for the year, driven by stock-based compensation from a merger, BigBear.ai highlights the growth potential in its federal Analytics sector. The company ended 2021 with $68.9 million in cash and aims for continued growth in 2022, projecting an increase in commercial opportunities and a solid foundation for scalable solutions.
BigBear.ai (NYSE: BBAI) will release its fourth quarter and full year financial results for the period ending
BigBear.ai (NYSE: BBAI) will showcase its AI-powered analytics and cybersecurity solutions at upcoming events, including a panel discussion at SXSW on March 15, 2022, focusing on space cybersecurity and China. The USGIF GEOINT Symposium will feature BigBear's capabilities in intelligence, logistics, and counter-narcotics from April 24-27, 2022. Recent contracts with the Defense Intelligence Agency and US Cyber Command underline the company's strategic importance in national security. BigBear aims to make AI-based decision support solutions accessible for both government and commercial sectors.
FAQ
What is the current stock price of BigBear.ai Holdings (BBAI)?
What is the market cap of BigBear.ai Holdings (BBAI)?
What does BigBear.ai Holdings, Inc. do?
Who are BigBear.ai's primary clients?
Where is BigBear.ai headquartered?
What are some key products BigBear.ai offers?
What recent achievements has BigBear.ai reported?
What strategic partnerships does BigBear.ai have?
What is BigBear.ai's role in the U.S. Army’s GFIM system?
How does BigBear.ai support decision-making?
Is BigBear.ai a public company?
Where can I find more information about BigBear.ai?
