BigBear.ai Sees FY23 Revenue $155M-$170M Vs $165.29M Est.
Portfolio Pulse from Benzinga Newsdesk
BigBear.ai has projected its FY23 revenue to be between $155M and $170M, which is slightly lower than the estimated $165.29M. The company also expects a single-digit negative adjusted EBITDA. These projections are based on current expectations and may change due to various factors.
November 08, 2023 | 1:01 am
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BigBear.ai's lower than expected revenue projection for FY23 may negatively impact its stock price in the short term.
Investors often react to a company's financial outlook. In this case, BigBear.ai's revenue projection for FY23 is lower than the estimated $165.29M, which could lead to a negative sentiment among investors and potentially a decrease in the stock price.
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