secwatch.observer — SEC 8-K summary
======================================

Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001628280-23-016826
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai Q1 revenue $42.2M (+15.8% YoY); net loss $26.2M; appoints COO
------------------------------------------------------------------------

- Q1 revenue $42.2M (+15.8% YoY); net loss $26.2M incl. $10.6M non-cash warrant expense.
- Adjusted EBITDA loss $3.8M vs. $2.9M loss YoY; gross margin 24.2% down from 27.1%.
- Appointed Norm Laudermilch as COO effective May 8; base salary $425k, bonus target 50%, $1.5M equity grant.
- Teaming with L3Harris to provide AI/ML for DoD autonomous surface vessels; FY guidance $155-170M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000162828023016826/0001628280-23-016826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000162828023016826/bbai-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer