BigBear.ai Q2 revenue up 3.4% to $39.8M; FY2024 guidance cut to $165-$180M

BigBear.ai Holdings, Inc.

2024-Q2 EPS reported -$0.63 revenue$72,904,000

Revenue $39.8M (+3.4% YoY); gross margin improved to 27.8% from 23.3%.
Net loss narrowed to $11.7M from $16.9M in Q2 2023; cash $72.3M at June 30.
Signed MSA with London Heathrow Airport for advanced AI technology deployment.
FY2024 revenue guidance reduced to $165-$180M, citing timing of awards and regulatory approvals.

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