BigBear.ai (BBAI) Misses Q1 EPS by 7c

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BigBear.ai Announces First Quarter 2022 Financial Results

May 9, 2022 4:15 PM EDT

Revenue of $36.4 million for the quarter ended March 31, 2022 Gross margin of 27% for the quarter ended March 31, 2022 Analytics segment adjusted gross margin of 47% for the quarter ended March 31, 2022 Closed on the acquisition of ProModel Corporation on April 7, 2022 Fully settled the Forward Share Purchase Agreement obligations by repurchasing approximately 10 million shares of common stock during the first quarter Won 11 new contracts; ending total backlog of $459 million Reaffirmed 2022 financial outlook

COLUMBIA, Md.--(BUSINESS WIRE)-- BigBear.ai Holdings, Inc. (NYSE: BBAI) (BigBear.ai or the... More