Bigbear.Ai Q4 2022 Earnings Report
Key Takeaways
BigBear.ai announced a 21% year-over-year increase in fourth-quarter revenue, driven by key program wins. The company's analytics segment saw a 39% revenue increase, and gross margin improved to 29%. They are focused on growth and efficiency.
Revenue increased by 21% to $40.4 million compared to the fourth quarter of 2021.
Analytics revenue increased by 39% compared to the same period in 2021, reaching $23.1 million.
Gross margin improved to 29% compared to 11% for the fourth quarter of 2021.
Net loss was $29.9 million, impacted by a non-cash goodwill impairment charge of $18.3 million in the Analytics segment.
Bigbear.Ai
Bigbear.Ai
Bigbear.Ai Revenue by Segment
Forward Guidance
The Company projects revenue between $155 million and $170 million for the year ended December 31, 2023 and single digit negative Adjusted EBITDA.