BigBear.ai Holdings (NYSE:BBAI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$39.8m (up 3.4% from 2Q 2023).

• Net loss: US$11.7m (loss narrowed by 31% from 2Q 2023).

• US$0.048 loss per share (improved from US$0.12 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BigBear.ai Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for BigBear.ai Holdings (1 can't be ignored!) that you should be aware of before investing here.

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