BigBear.ai Holdings, Inc. reports developments tied to AI-powered decision intelligence for defense, national security, trade and travel, and other mission-based operating environments. Company updates commonly cover contract awards, backlog, operating results, margin trends, and demand for generative AI, machine learning, data science, computer vision, biometrics, cyber, cloud, and systems-integration capabilities.
Company announcements also include capital-structure actions, shareholder voting and governance matters, retail shareholder participation initiatives, and integration of completed acquisitions such as Ask Sage and CargoSeer. Updates may address its common stock and redeemable warrants, balance-sheet changes, and expansion of AI solutions across supply chain, cybersecurity, autonomous systems, digital identity, and Ask Sage platform markets.
BigBear.ai (NYSE: BBAI) will hold its first Annual Meeting of Stockholders virtually on June 21, 2022, at 3:00 p.m. Eastern Time. Stockholders recorded by June 3, 2022, can vote on key issues including the election of four Class I directors and the ratification of Grant Thornton LLP as the independent auditor. The proxy statement has been filed with the Securities and Exchange Commission and is available on BigBear.ai's investor relations website.
BigBear.ai Holdings, Inc. (BBAI) reported a revenue of $36.4 million for Q1 2022, up from $35.6 million in Q1 2021. The company closed the acquisition of ProModel Corporation on April 7, enhancing its analytics capabilities. While gross margin decreased to 27% from 29% year-over-year, the analytics segment maintained an adjusted gross margin of 47%. Despite a net loss of $18.8 million attributed to increased costs, BigBear.ai reaffirmed its 2022 outlook with projected revenue growth of 30% and an ending backlog of $459 million.
BigBear.ai (NYSE: BBAI) announced its participation in the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. CEO Dr. Reggie Brothers and CFO Josh Kinley will conduct virtual 1-on-1 sessions with investors. The company specializes in AI-powered analytics and cyber engineering solutions, servicing clients like the US Intelligence Community and the Department of Defense. For additional meeting arrangements, interested parties can reach out via Oppenheimer or email investors@bigbear.ai for details.
BigBear.ai (NYSE: BBAI) is launching a thought-leadership campaign at global industry events to showcase its AI technology advancements.
Executives will discuss the capabilities of ProModel Corporation, focusing on responsible AI usage and its impact on federal and commercial markets. Key events include:
- CTMA Partners Meeting (May 3-5, Virginia Beach, VA)
- DIA Future Technologies Symposium (May 11-12, Virtual)
- Conference on Governance of Emerging Technologies (May 19-20, Phoenix, AZ)
- Automotive Innovation Forum (May 24-25, Munich, Germany)
- DAX 2022 (June 4, Baltimore, MD)
BigBear.ai (NYSE: BBAI) will report its financial results for Q1 2022 on May 9, 2022, after market close. An earnings conference call is scheduled for 5:00 p.m. ET that day, accessible via toll-free number 877-485-3107 or via the webcast on the BigBear.ai Investor Relations website. A replay will be available for two weeks. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions, serving clients including the U.S. Intelligence Community and Department of Defense, with a focus on mission-critical operations.
BigBear.ai (NYSE: BBAI) has appointed Carolyn Blankenship as General Counsel, bringing over 25 years of legal experience in AI, data ethics, and M&A. Her responsibilities will include guiding corporate legal strategy and fostering trusted AI principles as the company expands. Previously at Thomson Reuters, she managed IP for M&A activities totaling over $20 billion. CEO Reggie Brothers emphasized Blankenship's unique expertise and her potential to drive long-term success amid their aggressive growth strategy.
BigBear.ai (NYSE: BBAI) has successfully acquired ProModel Corporation, enhancing its commercial growth strategy focused on operational AI for various industries. This acquisition provides BigBear.ai access to ProModel's predictive analytics software, used by numerous Fortune 500 companies. It allows BigBear.ai to integrate advanced decision-making capabilities in supply chains and process optimization. The deal is expected to significantly expand BigBear.ai’s customer base, adding hundreds of clients and improving market penetration globally.
BigBear.ai (NYSE: BBAI) will ring the Opening Bell at the New York Stock Exchange on March 30, 2022, celebrating its public listing on December 8, 2021. CEO Dr. Reggie Brothers will join the executive team for the event, which starts at 9:30 a.m. ET. Live coverage will be available on the NYSE website and social media platforms. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions and has been operational for over 20 years, serving clients that include the U.S. Intelligence Community and Department of Defense.
BigBear.ai Holdings, Inc. (BBAI) reported a revenue of $145.6 million for 2021, with a 23% gross margin. The company secured nine new contracts, leading to a backlog of $465 million. Despite a net loss of $123.6 million for the year, driven by stock-based compensation from a merger, BigBear.ai highlights the growth potential in its federal Analytics sector. The company ended 2021 with $68.9 million in cash and aims for continued growth in 2022, projecting an increase in commercial opportunities and a solid foundation for scalable solutions.
BigBear.ai (NYSE: BBAI) will release its fourth quarter and full year financial results for the period ending December 31, 2021 on March 17, 2022, after market close. An earnings conference call is scheduled for 5:00 p.m. ET on the same day, accessible via phone at 877-485-3107 or 201-689-8427. A listen-only audio webcast will also be available on the BigBear.ai Investor Relations website. Replay options will be provided for those unable to attend live.