secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001628280-22-029247
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000162828022029247/0001628280-22-029247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000162828022029247/bbai-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029247

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