BigBear.ai Q2 revenue $38.5M (+2% YoY); net loss narrows to $16.9M; reaffirms FY guidance

BigBear.ai Holdings, Inc.

2023-Q2 EPS reported -$0.30 revenue$80,613,000

Revenue $38.5M (+2.2% YoY); net loss narrowed to $16.9M from $56.8M in Q2 2022.
Adjusted EBITDA loss improved to $(3.2)M vs $(7.7)M in Q2 2022.
Gross margin fell to 23.3% from 25.5% due to Virgin Orbit bankruptcy impact.
Backlog $206M (+5% QoQ); won $7.7M U.S. Army AIMMS contract.
Reiterating FY2023 revenue guidance of $155M-$170M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BigBear.ai Holdings, Inc. reported the second quarter of 2023 results: revenue $38.5 million, net income $16.9 million. Guidance reaffirmed.

Period: the second quarter of 2023
Revenue: $38.5 million
Net income: $16.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue grew 2.2% to $38.5 million for the second quarter of 2023, compared to $37.6 million for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001628280-23-028205

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