BigBear.ai reports Q3 revenue $40.7M, net loss widens to $16.1M; reaffirms FY outlook

BigBear.ai Holdings, Inc.

2022-Q3 EPS reported -$0.72 revenue$114,654,000

Revenue of $40.7M, up 1% YoY from $40.2M; Analytics revenue up 8% driven by $14.8M U.S. Army GFIM contract award.
Net loss of $16.1M vs $3.1M loss in Q3 2021, driven by higher public company expenses and integration costs.
Non-GAAP adjusted EBITDA of $(3.9)M; gross margin improved to 29% from 27%.
Ending backlog of $288M; cash balance of $22M.
On track for $20M annualized cost savings; reaffirms 2022 financial outlook.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

BigBear.ai Holdings, Inc. reported three and nine months ended September 30, 2022 results: revenue $40.7 million, net income $(16.1) million. Guidance reaffirmed.

Period: three and nine months ended September 30, 2022
Revenue: $40.7 million
Net income: $(16.1) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Company ”), a leader in AI-powered analytics and cyber engineering solutions, today announced financial results for the third quarter of 2022. Financial Highlights • Revenue of $40.7 million, compared to $40.2 million for the third quarter of 2021 • Analytics revenue increased $1.7 million, or 8%, as compared to the same period in 2021, primarily driven by the award

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Source: SEC EDGAR

accession 0001628280-22-029247

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