BigBear.ai Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

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

Key Financial Results

• Revenue: US$41.5m (up 22% from 3Q 2023).
• Net loss: US$12.2m (down by 405% from US$4.00m profit in 3Q 2023).
• US$0.049 loss per share (down from US$0.026 profit in 3Q 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 7.8%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for BigBear.ai Holdings (1 makes us a bit uncomfortable!) that you should be aware of.

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