BigBear.ai closes Pangiam acquisition, reports Q4 net loss improvement and positive adjusted EBITDA

BigBear.ai Holdings, Inc.

Net loss of $21.3M in Q4 2023, an improvement from $29.9M in Q4 2022.
Second consecutive quarter of positive adjusted EBITDA at $3.7M; 2H 2023 cash flow positive.
Announced close of all-stock Pangiam acquisition; Kevin McAleenan named President.
Received approximately $54M in cash from warrants exercised in Q1 2024.
FY 2024 revenue guidance of $195M-$215M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BigBear.ai Holdings, Inc. reported the fourth quarter and full year ended December 31, 2023 results: net income Net loss of $21.3 million. Guidance initiated.

Period: the fourth quarter and full year ended December 31, 2023
Net income: Net loss of $21.3 million
Guidance: initiated
Result: reported results

Exact text from the filing

On March 7, 2024, BigBear.ai Holdings, Inc. (the “Company”) announced its financial results of operations for the quarter and the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001628280-24-009650

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