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Market Makers must have picked up plenty of shares for the next run up on positive news
GLTA long Term investors,,,,,
You now, even so. IMO buying it in these levels are for $500, as long-term investment can be a smart step as well as buying Palantir. Don't forget about Army contract which is paving the road to sure revenue for long term.
2.41s. hope it doesn't go to 1.41
http://stockscan.io/stocks/BBAI/forecast
Going up from here no waaaaay it’s going lower!
https://www.tipranks.com/news/bigbear-ai-stock-wins-a-new-street-high-price-target
News is coming out hard this weekend being positive. Think the market makers were trying to force stop losses and panic sooooo dumb! GL This week! Buy more and HOLD simple JMO
https://finance.yahoo.com/news/rainbows-unicorns-bigbear-ai-holdings-123855990.html
This should send the price back up!!!
This is a long term play for me now. I'm just going to be adding on dips.
WOW!!!! Yeah not a daytrade but long term hold! Sale prices at this level. Bag holders only bought more I know I did. Had to fill that gap
Some sites suggesting much higher numbers at their forecast than you mentioned above!!
Here is one of them!!
BigBear.ai Holdings Inc Stock (BBAI) Forecast
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
Business Wire
Thu, Mar 7, 2024, 4:15 PM EST
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 warrants exercised in the first quarter of 2024, bringing additional liquidity and strengthening the Company’s balance sheet.
Net loss of $21.3 million in the fourth quarter of 2023, an improvement of $8.6 million as compared to a net loss of $29.9 million for the fourth quarter of 2022.
Second consecutive quarter of positive adjusted EBITDA at $3.7 million.
2H 2023 cash flow positive, first time since public company debut in December 2021.
2024 Revenue outlook provided of $195 - $215 million.
COLUMBIA, Md., March 07, 2024--(BUSINESS WIRE)--BigBear.ai Holdings, Inc. (NYSE: BBAI) ("BigBear.ai" or the "Company"), a leader in AI-powered decision intelligence solutions, today announced financial results for the fourth quarter and full year ended December 31, 2023, released 2024 revenue guidance and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.
BigBear.ai CEO Mandy Long said, "As we close out FY 2023, I am proud of the work that we have done as a company to solidify BigBear.ai’s foundation. We entered the year in a different position than many other companies that are playing a role in the transformative potential of artificial intelligence. After joining in October 2022, I spoke openly about needing a foundational year to overhaul our operating structure, wind down contracts that did not meet our business objectives, reset the strategic priorities of BigBear.ai, and manage uncertainty in a volatile macroeconomic and geopolitical environment. In short, we had to do the hard work to get our house in order.? We stand here in early 2024 knowing that we did what we said we would do. With the completion of the Pangiam acquisition and incremental cash proceeds of $54M from warrants exercised in Q1 2024, we are well positioned for healthy growth in the year ahead."
Kevin McAleenan, former CEO of Pangiam, has been announced as President, and will play a critical role in leading the business combination. "Together, we will be able to deliver broader capabilities and more value to our customers and partners. The combined company is positioned to be a breakout leader, with both a proven track record of innovating in our target markets and developing cutting-edge products. We couldn’t be more excited about the future."
Financial Highlights
Revenue grew 0.5% to $40.6 million for the fourth quarter of 2023, compared to $40.4 million for the fourth quarter of 2022.
Gross margin of 32.1% in the fourth quarter of 2023, an increase from 29.2% in the fourth quarter of 2022, driven by improved Federal margins on our largest fixed price contracts coupled with mixing out of lower margin work such as EPASS that completed in July 2023.
Net loss of $21.3 million for the fourth quarter of 2023, which includes $9.4 million of non-cash expense related to the change in the fair value of warrants that were issued in 2023, and $6.1 million of equity-based compensation expense, compared to a net loss of $29.9 million for the fourth quarter of 2022, which included $18.3 million of non-cash goodwill impairment charges and $2.6 million of restructuring charges.
Non-GAAP Adjusted EBITDA* of $3.7 million for the fourth quarter of 2023 compared to $(2.5) million for the fourth quarter of 2022, primarily driven by gross margin improvement and continued focus on operating expense reductions.
SG&A of $18.2 million for the fourth quarter of 2023 compared to $15.6 million for the fourth quarter of 2022, primarily driven by an increase in equity-based compensation.
Recurring SG&A* has been reduced from $16.1 million in the fourth quarter of 2022 to $12.3 million in the fourth quarter of 2023, a net improvement of $3.8 million.
Ending cash balance of $32.6 million as of December 31, 2023 compared to $12.6 million as of December 31, 2022.
New Developments
BigBear.ai announced a successful close of its acquisition of Pangiam Intermediate Holdings, LLC (Pangiam), a leader in Vision AI for the global trade, travel, and digital identity industries. This strategic move, finalized on February 29, 2024, accelerates and evolves BigBear.ai’s mission to create clarity for the world’s most complex decisions in three markets: national security, supply chain management, and digital identity. The combined entity will create one of the industry’s most comprehensive Vision AI portfolios, combining facial recognition, image-based anomaly detection and advanced biometrics with BigBear.ai’s computer vision and predictive analytics capabilities. Read more: Press Release
On February 27, 2024, BigBear.ai entered into a warrant exercise agreement whereby an existing accredited investor elected to exercise approximately 8.9 million warrants, generating approximately $20.6 million of gross proceeds, prior to fees, for the Company. In connection with the warrant exercise, BigBear.ai issued 5.8 million new warrants with an exercise price per share equal to $3.78, which are not exercisable for six months.
On March 4, 2024, BigBear.ai entered into a warrant exercise agreement whereby an existing accredited investor elected to exercise approximately 13.9 million warrants, generating approximately $33.2 million of gross proceeds, prior to fees, for the Company. In connection with the warrant exercise, BigBear.ai issued 9.0 million new warrants with an exercise price per share equal to $4.75, which are not exercisable for six months.
In December 2023, BigBear.ai announced a partnership with Amazon Web Services Professional Services (AWS ProServe). AWS ProServe customers will be able to access the power of BigBear.ai’s ProModel AI-driven warehousing solutions, including optimized facilities design, streamlined process workflows, efficient staffing models, arrival and departure scheduling, and strategic resource allocation, among other enhancements. Read more: Press Release
In December 2023, the US Army announced an extension of the GFIM Phase 2 Prototype. During the initial Phase 2 period, BigBear.ai laid the groundwork for a modernized force structure system. The team successfully navigated the complexities of the U.S. Army’s requirements, and this extension will see the continuation of that partnership as the project moves towards operationalizing the prototype within the cARMY cloud. Read more: Press Release
In October 2023, BigBear.ai was invited back to participate for the third time with the Navy’s AI Task Force at its annual Naval Exercise, Digital Vanguard. BigBear.ai’s leading computer vision capabilities were on display again, showing the power of AI integrated into the Navy’s existing systems where BigBear.ai demonstrated object detection from Full Motion Video (FMV), and descriptive and predictive analytics. Following this, the US Navy has again selected BigBear.ai to participate in an upcoming naval exercise to demonstrate its data and AI orchestration capabilities. The exercise is scheduled to take place in California in the second half of this year (2024).
In the fourth quarter of 2023, BigBear.ai responded to the National Institute of Standards and Technology’s (NIST) public comment letter concerning guidelines for auditing AI systems and models, synthetic content labeling, and global technical standards development. BigBear continues to provide thought leadership, aiding in the important discussion of shaping future AI standards.
BigBear.ai exhibited at the Association of the United States Army annual meeting & exposition in October of 2023. BigBear.ai demonstrated its latest solutions in Intelligent Automation, Contested Logistics, and Computer Vision.
BigBear.ai’s CTO, Ted Tanner Jr., spoke at MIT’s 5th annual workshop focused on AI for National security. Ted’s panel focused on both the needs for AI in the Defense space as well as the challenges posed by AI and how to continue to safeguard the nation during the evolution of this technology. Ted was joined by panelists from NASA Goddard Space Flight Center, NSA, Georgetown University, and OSD R&E.
BigBear.ai CTO, Ted Tanner Jr., spoke on the state of the union of the AI industry as the keynote speaker at the inaugural State of Tech Dinner, Charleston Digital Corridor in Charleston, SC.
Financial Outlook
The following information and other sections of this release contain forward-looking statements, which are based on the Company’s current expectations. Actual results may differ materially from those projected. It is the Company’s practice not to incorporate adjustments into its financial outlook for proposed acquisitions, divestitures, changes in law, or new accounting standards until such items have been consummated, enacted, or adopted. For additional factors that may impact the Company’s actual results, refer to the "Forward-Looking Statements" section in this release.
For the year-ended December 31, 2024, the Company projects:
Revenue between $195 million and $215 million
The projections include the results of Pangiam after the acquisition date of February 29, 2024
https://finance.yahoo.com/news/bigbear-ai-announces-close-pangiam-211500280.html
1.50 come to mama
I loaded up on 2.53s a minute ago. Will add anything lower as well.
Bigbear.ai Holdings Inc : H.C. Wainwright raises target price to $5 from $4 * Bigbear.Ai Holdings Inc : TD Cowen raises target price to $3 from $2
Yep, it could and I'm waiting patiently on side.
People who hold it for long term will benefit from low price it trades right now.
SOUN recovered just fine after crappy numbers… this just a sale for buying more…. If you daytrade you better have gotten out already lol if not long term hold can’t lose until you sell… SIMPLE. Shorts will cover goes both ways….
Why I see this as an overreaction. Their revenue is supposed to go from 150$ to 200$ - this year that’s a 33% increase and that’s not considering them winning new contracts in the mean time: this company is a big player government and palantir sub. I’m up 400% playing with house money long term hold.
This could crash much harder over the next few days
I'm thinking I'll get this for $1.50 by next week. Maybe even lower. AI Hype isn't enough right now to move these stocks. Have to have good earnings and a clear vision forward. This company has neither it appears. If I'm wrong I'll gladly listen to facts.
I'll wait til tomorrow and buy some low 2s. Also Sou- will benefit from this drop as well. People will be bailing from here to buy Sou-. Just too many other stocks hot right now to sit around and wait for this to find a bottom.
Never hold after hrs lol...Glad I didn't buy sent with crypto instead smart move
PLTR just got a nice CONTRACT by the ARMY.
BBAI acquitted PANDIAM
PANDIAM has AI TECH that the ARMY uses
Maybe BBAI will have a piece of the contract as a SUB CONTRACTOR
DID I MENTION PLTR and BBAI HAVE A WORKING RELATIONSHIP
Connecting dots AGAIN
They targeted PPS = -0.05. I believe the comp can beat it in the lucrative manner. If you believe BBAI cost much more than today's graph shows up, in case the earning won't be satisfy the Wall street and the price will slide down, you able to earn a good dividend by selling 17-May / $3 Put at $(0.5-0.6). Discount of 20% + dividend. Price fluctuation for small comps in this level is a natural process for stocks as BBAI. IMO.
It has tested 3.65 like 3 times time to go back up $4.80 by mid March
Higher lows… better have good numbers at close… they made their first profit last quarter…
Lambchops likes squeegies! And snap, crackles and pops!
Please note I have started a trading position in BBAI. Any comment I might make is my opinion only.
LC
BBAI
http://archive.fast-edgar.com/20240305/A322E22CZZ2RJ2ZZ2HJH2MYP9STCYZ22Z262
Warrants be sold at $11.45
Strategic Alliances Redefining Growth
On February 28, BigBear.ai announced a strategic partnership with Palantir, combining their AI-powered products with a next-generation operating platform. This collaboration is poised to supercharge BigBear.ai's growth, leveraging Palantir's substantial market presence. Similarly, SoundHound AI's recent investment news with Nvidia underscores the chipmaker's interest in diversifying its AI portfolio, marking a significant vote of confidence in SoundHound AI's technology and market potential.
Hold??
LC
BBAI
Many here did the same and SOME below $3.50
Glad i piked some up under4
Now we’re getting somewhere
BBAI: THANKS for the heads-up!!
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