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Jun 30, 2022
Bigbear.Ai Q2 2022 Earnings Report
Announced second quarter 2022 financial results, with revenue of $37.6 million and a gross margin of 25%.
Key Takeaways
BigBear.ai reported revenue of $37.6 million for Q2 2022, with a gross margin of 25%. The company experienced a net loss of $56.8 million, primarily driven by a non-cash goodwill impairment charge. They are revising their 2022 financial outlook due to delays in federal contract awards and longer sales cycles.
Revenue for the second quarter ended June 30, 2022 was $37.6 million.
Gross margin for the second quarter ended June 30, 2022 was 25%.
Analytics segment adjusted gross margin of 39% for the second quarter of 2022.
Ending backlog of $325 million.
Forward Guidance
The Company now projects revenue of approximately between $150 million to $170 million for the year-ended December 31, 2022 and single digit negative Adjusted EBITDA, in millions, for the second half of 2022
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