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Dec 31, 2023
Bigbear.Ai Q4 2023 Earnings Report
BigBear.ai reported a net loss of $21.3 million and positive adjusted EBITDA in Q4 2023.
Key Takeaways
BigBear.ai announced the close of the Pangiam acquisition, received $54M in incremental cash proceeds, and reported a net loss of $21.3 million in Q4 2023. The company also achieved its second consecutive quarter of positive adjusted EBITDA.
Closed Pangiam acquisition, combining facial recognition, image-based anomaly detection, and advanced biometrics with BigBear.ai’s computer vision capabilities.
Received approximately $54 million of cash proceeds related to warrants exercised in the first quarter of 2024.
Reported a net loss of $21.3 million in the fourth quarter of 2023, an improvement of $8.6 million compared to Q4 2022.
Achieved second consecutive quarter of positive adjusted EBITDA at $3.7 million.
Forward Guidance
The company projects revenue between $195 million and $215 million for the year ending 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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