secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028205
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000162828023028205/0001628280-23-028205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000162828023028205/bbai-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028205

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