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Sep 30, 2024
Bigbear.Ai Q3 2024 Earnings Report
Announced third quarter 2024 results, demonstrating revenue growth and strategic progress.
Key Takeaways
BigBear.ai reported a 22.1% increase in revenue to $41.5 million compared to the previous year, with a gross margin increase to 25.9%. The company also secured a 5-year production contract valued at $165 million. Net loss was $12.2 million, while non-GAAP Adjusted EBITDA was positive at $0.9 million. The company is affirming its full-year 2024 revenue guidance between $165 million and $180 million.
Awarded a 5-year production contract valued at $165 million for the U.S. Army's Global Force Information Management - Objective Environment (GFIM-OE).
Demonstrated ConductorOS at the U.S. Department of Defense’s (DoD’s) Rapid Defense Experimentation Reserve Technology Readiness Experimentation (RDER T-REX)24-2 event.
Revenue increased 22.1% to $41.5 million.
Gross margin increased to 25.9%.
Forward Guidance
The Company projects revenue between $165 million and $180 million for the year-ended December 31, 2024. The projections include the results of Pangiam after the acquisition date of February 29, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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