Big Bear.ai Reports Mixed Q2 Results
Portfolio Pulse from Erica Kollmann
BigBear.ai Holdings Inc. (NYSE:BBAI) reported mixed Q2 results with a smaller-than-expected loss per share but missed revenue estimates. The company saw a year-over-year increase in sales and gross margin, but the wind-down of the Air Force EPASS program impacted results. Shares fell 0.71% after-hours.
August 01, 2024 | 9:38 pm
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BigBear.ai reported a smaller-than-expected loss per share but missed revenue estimates for Q2. The company saw a year-over-year increase in sales and gross margin, but the wind-down of the Air Force EPASS program impacted results. Shares fell 0.71% after-hours.
The mixed results, with a beat on EPS but a miss on revenue, create a neutral short-term outlook. The after-hours price drop of 0.71% reflects investor sentiment. The wind-down of a significant program and the miss on revenue are concerns, but the beat on EPS and improved gross margin provide some positive aspects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100