BBAI Earnings Prediction
The chart below shows how BBAI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BBAI sees a -2.46% change in stock price 10 days leading up to the earnings, and a -14.18% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
BBAI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
38.46M
2.25%
-8.77%
Gross Margin
23.31%
-8.59%
-3.80%
Operating Margin
-24.39%
-37.89%
5.27%
Net Margin
-43.93%
-70.93%
-29.36%
EPS
-0.12
-73.33%
-36.84%
No Data Available
BBAI Earnings Analysis
Bigbear.Ai Holdings, Inc. Corporation (BBAI.N) Earnings Conference Call
Positive
BigBear.ai had a successful quarter with revenue of $38.5 million, up 2% year-over-year, and up 9% year-to-date, driven by contracts such as the US Army GFIM contract. (Source
The company's backlog increased to $206 million at the end of the second quarter, up 5% compared to the first quarter of 2023, driven by awards for the GFIM extension, AIMMS contract, and G3 Analytics. (Source
BigBear.ai's adjusted EBITDA improved significantly, with a loss of $3.2 million in Q2 2023, a 58% year-over-year improvement compared to the adjusted EBITDA loss of $7.7 million in the same period a year ago. (Source
The company's operating expenses were lowered by 70% in Q2 2023 compared to the previous year, mostly due to headcount reduction actions, realignment of the operating structure, and rationalization of third-party vendor expenses. (Source
BigBear.ai reaffirmed its guidance for expected 2023 revenue in the range of $155 million to $170 million, showing confidence in the company's ability to continue growing and building momentum. (Source
Negative
- Revenue for the quarter was up only 2% year-over-year, which may indicate a lack of significant growth opportunities or challenges in winning new contracts.
- Total gross margin decreased by 220 basis points from the previous year, primarily driven by the loss in revenue and gross margin from Virgin Orbit's bankruptcy.
- The net loss for the quarter was $16.9 million, reflecting challenges such as a non-cash charge related to fair value adjustments on warrants issued in 2023 and a bad debt reserve of $675,000 related to unpaid receivables from Virgin Orbit.
- Adjusted EBITDA was a loss of $3.2 million in Q2 2023, even though there was an improvement of 58% year-over-year, indicating ongoing challenges in achieving positive operational cash flow.
- The need to take further action to write off most of the remaining amount from the Q1 invoice for Virgin Orbit's bankruptcy reflects financial challenges and potential impact on future cash flow.
