The artificial intelligence (AI) specialist was on the receiving end of some bullish commentary.Shares of server and storage solution specialist BigBear.ai (BBAI 19.08%) charged sharply higher on Tuesday, surging as much as 20.9%. As of 11:52 a.m. ET, the stock was still up 19.1%.The catalyst that sent the artificial intelligence (AI) specialist higher was some bullish commentary in an international publication that compared it favorably to data mining and AI specialist Palantir Technologies (PLTR 5.39%).Fi ...

After reaching an important support level, BigBear.ai Holdings, Inc. (BBAI) could be a good stock pick from a technical perspective. BBAI recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-te ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about BigBear.ai Holdings, Inc. (BBAI) .BigBear.ai currently has an average brok ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Revenue and Gross Margin - Revenue increased by $7.5 million (22.1%) in Q3 2024 compared to Q3 2023, driven by the Pangiam Acquisition, partially offset by decreased volumes in certain Air Force programs[172] - Gross margin for Q3 2024 was $10.8 million, up from $8.4 million in Q3 2023[171] - Revenues decreased by $0.2 million (0.2%) for the nine months ended September 30, 2024, compared to the same period in 2023, driven by the Pangiam Acquisition offset by decreased volume from the Air Force EPASS program[185] Operating and Net Loss - Operating loss for Q3 2024 was $10.5 million, compared to $8.2 million in Q3 2023[171] - Net loss for Q3 2024 was $12.2 million, compared to a net income of $4.0 million in Q3 2023[171] - Adjusted EBITDA for the nine months ended September 30, 2024, was $(4.358) million, compared to $(6.870) million in the same period in 2023[199] Acquisition and Strategic Initiatives - The company completed the acquisition of Pangiam on February 29, 2024, enhancing its vision and edge AI portfolio[150] - Transaction expenses decreased by $1.4 million (100.0%) for the three months ended September 30, 2024, compared to the same period in 2023, due to the completion of the Pangiam Acquisition[178] - Research and development expenses increased by $5.5 million (183.9%) for the nine months ended September 30, 2024, compared to the same period in 2023, driven by increased headcount and the inclusion of Pangiam's results[188] Financial Performance and Expenses - Cost of revenues decreased to 74% of total revenues for the three months ended September 30, 2024, compared to 75% in the same period in 2023, driven by a higher mix of higher margin solutions[174] - SG&A expenses as a percentage of total revenues decreased to 42% for the three months ended September 30, 2024, compared to 46% in the same period in 2023, primarily due to higher revenue[175] - SG&A expenses as a percentage of total revenues increased to 51% for the nine months ended September 30, 2024, compared to 46% in the same period in 2023, driven by non-recurring strategic initiatives and integration costs[187] - Research and development expenses increased by $4.2 million (1194.6%) for the three months ended September 30, 2024, driven by increased headcount and timing of certain projects[176] Backlog and Contract Delays - Total backlog as of September 30, 2024, was $437.494 million, a significant increase from $167.810 million as of December 31, 2023[209] - Funded backlog as of September 30, 2024, was $77.422 million, compared to $30.112 million as of December 31, 2023[209] - The company anticipates potential delays in new contract awards due to the continuing resolution funding the U.S. government through December 20, 2024[156] - Geopolitical tensions in Ukraine, the Middle East, and the Pacific region have slowed the pace of contract awards, pushing revenue into subsequent periods[159] Liquidity and Financing - The company raised $20.6 million through the exercise of RDO warrants and $33.2 million through the exercise of PIPE warrants in early 2024[151][152] - The company entered into a Controlled Equity Offering sales agreement on May 10, 2024, allowing it to sell up to $150.0 million in common stock[213] - The company's primary sources of liquidity are cash flows from operations and access to credit facilities, with projected cash flow expected to meet needs for the next 12 months[210] - Available cash and cash equivalents increased to $65.584 million as of September 30, 2024, compared to $32.557 million as of December 31, 2023[217] - Net cash used in operating activities was $23.3 million for the nine months ended September 30, 2024, primarily due to a net loss of $22.2 million and unfavorable changes in net working capital[232] - Net cash provided by investing activities was $6.2 million for the nine months ended September 30, 2024, primarily from cash acquired in the Pangiam Acquisition[234] - Net cash provided by financing activities was $50.2 million for the nine months ended September 30, 2024, mainly from the exercise of PIPE and RDO warrants[235] - The Company entered into warrant exercise agreements, raising approximately $53.8 million from the exercise of PIPE and RDO warrants[229][230] Debt and Convertible Notes - Total debt remained at $200.0 million as of September 30, 2024, with unamortized issuance costs of $4.262 million[218][221] - The Company issued $200.0 million of unsecured convertible notes with a 6.0% annual interest rate, convertible into 18,844,600 shares of common stock[219][220] - The Company has a $25.0 million senior secured revolving credit facility with Bank of America, maturing on December 7, 2025[222][223] - The Company's long-term debt, net of unamortized issuance costs, was $195.738 million as of September 30, 2024[218] - The conversion rate for the Convertible Notes was adjusted to 94.2230 shares per $1,000 principal amount due to the average daily volume-weighted average price of the common stock being less than $10.00 during the preceding 30 trading days[245] - The adjusted conversion price is $10.61, and the Convertible Notes are convertible into 18,844,600 shares, excluding interest payments settled with shares[245] - The outstanding principal amount of the company's long-term debt as of September 30, 2024, was $200.0 million, excluding unamortized discounts and issuance costs of $4.3 million[245] Tax and Valuation - Income tax expense for the nine months ended September 30, 2024, was $22 million, a decrease of 56.9% compared to $51 million in the same period in 2023[196] - The effective tax rate for the nine months ended September 30, 2024, was consistent with the previous year, primarily influenced by state and local taxes, permanent differences, and discrete items[196] - The company maintains a full valuation allowance against its deferred tax assets as of September 30, 2024, due to uncertainty about their realization[197] - The Company performed a quantitative goodwill impairment test as of September 30, 2024, using a discount rate of 12.0%, and determined no impairment was necessary[241][242] - Goodwill impairment charge of $85.0 million was recognized for the nine months ended September 30, 2024, primarily due to a decrease in share price[192] Market Risk and Management - The company is exposed to market risk related to interest rates, primarily through fixed-rate long-term debt and revolving credit[245] - The company has policies and procedures in place to manage and mitigate market risks[247] National Defense Budget - The FY 2024 National Defense budget was set at $886 billion, with $842 billion allocated to the DoD base budget[154] - The FY 2025 National Defense budget request is $895 billion, with $850 billion proposed for the DoD base budget[155] Derivatives and Fair Value - Net decrease in fair value of derivatives was $1.3 million for the three months ended September 30, 2024, compared to a decrease of $15.7 million in the same period in 2023, primarily due to the settlement of warrants[180] - Net increase in fair value of derivatives was $14.8 million for the nine months ended September 30, 2024, compared to a decrease of $1.9 million in the same period in 2023, driven by fair value remeasurements of warrants[193] Free Cash Flow - Free cash flow for the nine months ended September 30, 2024, was $(31.013) million, compared to $(20.979) million in the same period in 2023[201] Senior Revolver Covenants - The company was in compliance with the Senior Revolver covenants as of September 30, 2024, but is currently unable to draw on it due to Adjusted EBITDA requirements[214]

BigBear.ai's Q3 report arrived with interesting comments about how governments are approaching AI spending.BigBear.ai (BBAI -8.52%) stock is losing ground in Wednesday's trading. The company's share price was down 8.5% as of 1 p.m. ET. Meanwhile, the S&P 500 (^GSPC 2.31%) index was up 2.2%After the market closed yesterday, BigBear.ai published its third-quarter results. While the company's earnings came in better than anticipated, sales fell short of expectations -- and management's forward guidance did not ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

BigBear.ai Holdings, Inc. (BBAI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.04, delivering a surprise of 42.86%.Over the last four quarters, the compan ...

Exhibit 99.1 BigBear.ai Announces Third Quarter 2024 Results • Awarded 5-year production contract valued at $165 million, beginning in Q4 2024, to deliver the U.S. Army's Global Force Information Management - Objective Environment (GFIM-OE). • Demonstrated ConductorOS, the Company's distributed AI orchestration platform, in a live environment at the U.S. Department of Defense's (DoD's) Rapid Defense Experimentation Reserve Technology Readiness Experimentation (RDER T-REX)24-2 event and is showcasing capabil ...

BigBear.ai Holdings, Inc. (BBAI) ended the recent trading session at $1.58, demonstrating a -0.63% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 0.8%.Prior to today's trading, shares of the company had gained 6.71% over the past month. This has outpaced the Computer and Technology sector's loss of 0.01% and the S&P 500's loss of 0.97% in that time.The investment community will be paying clo ...