BIGBEAR AI HLDGS INC Stock Price, News & Analysis

BigBear.ai has announced key leadership changes to enhance its growth strategy. Effective June 13, 2022, Julie Peffer, a finance leader with extensive experience in SaaS and defense sectors, will be the new Chief Financial Officer, succeeding Josh Kinley, who will become Chief Corporate Development Officer. Peffer joins from MedeAnalytics, and her role is expected to drive revenue growth. Kinley will focus on M&A opportunities and integration strategies. Both appointments aim to position BigBear.ai to capitalize on increasing demand for AI and ML solutions.

BigBear.ai (NYSE: BBAI) will participate in the 42nd Annual Growth Stock Conference hosted by William Blair on June 6, 2022, where CEO Dr. Reggie Brothers will present at 2:20 p.m. ET. The event will feature 1-on-1 sessions for investors with Dr. Brothers and CFO Josh Kinley. The presentation is accessible via a live webcast on BigBear.ai's investor relations page and will be available for replay for 90 days. BigBear.ai specializes in AI-powered analytics and cyber engineering solutions for various sectors, including the US Intelligence Community.

BigBear.ai (NYSE: BBAI) has appointed Tony Barrett as President of its Cyber and Engineering Sector, aiming to enhance growth in the Federal Market. Barrett, a former Marine Corps Intelligence Officer, previously served as Senior VP of Integrated Defense Solutions at BigBear.ai. He has a strong record, including quadrupling revenue at PCI, which BigBear.ai acquired in 2021. Barrett's focus will be on innovative AI and cybersecurity solutions to meet customer needs and improve service delivery.

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.