BigBear.ai(BBAI) - 2023 Q4 - Annual Results

Exhibit 99.1 BigBear.ai Announces Close of Pangiam Acquisition, $54M of Incremental Cash Proceeds, Net Loss of$21.3 million in Q4 2023, and Second Consecutive Quarter of Positive Adjusted EBITDA in Q4 2023 Financial Results • Announced successful close of Pangiam acquisition in an all-stock transaction, combining facial recognition, image-based anomaly detection and advanced biometrics with BigBear.ai's computer vision capabilities. • Approximately $54 million of cash proceeds, before fees, related to warr ...