BigBear.AI Inc (NYSE:BBAI) reported financial results for the fourth quarter Monday after the close. Here’s a rundown of the report.
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BigBear.AI Beats EPS, Misses Revenue Estimates
BigBear.AI reported fourth-quarter revenue of $27.3 million, missing analyst estimates of $33.31 million, according to Benzinga Pro. The company reported a quarterly loss of one cent per share, beating expectations for a loss of six cents per share.
Total revenue was down 38% year-over-year, primarily due to lower volume on Army programs. Gross margin was 20.3% in the quarter, compared to 37.4% in the fourth …