Loading...
•
Dec 31, 2021
Bigbear.Ai Q4 2021 Earnings Report
Announced fourth quarter and full year 2021 financial results.
Key Takeaways
BigBear.ai reported Q4 2021 revenue of $33.5 million and a net loss of $114.8 million. The company's ending backlog was $465 million, and cash and cash equivalents totaled $68.9 million. The company is looking forward to even more exciting growth opportunities in 2022.
Revenue of $33.5 million in the fourth quarter.
Gross margin of 11% in the fourth quarter.
Non-GAAP adjusted gross margin of 34% for the Analytics segment and 28% for the Cyber & Engineering segment in the fourth quarter.
Net loss of $114.8 million in the fourth quarter, reflective of $61 million of stock-based compensation expense from vesting that occurred upon the merger.
Forward Guidance
For the year-ended December 31, 2022, the Company is projecting revenue between $175 million and $205 million, including approximately $20 million of commercial revenue and Positive Adjusted EBITDA.
Positive Outlook
- Revenue between $175 million and $205 million
- Approximately $20 million of commercial revenue
- Positive Adjusted EBITDA
- Strategic M&A to make 2022 a transformational year for the company
- Expect to grow revenue substantially among commercial customers
Challenges Ahead
- Actual results may differ materially from those projected
- Projections reflect known impacts from the COVID-19 pandemic
- Time between solicitation and contract award increased from 290 days to more than 600 days between 2019 and 2021
- Cannot predict how the pandemic will evolve or what impact it will continue to have
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...