NYSE$BBAI

Bigbear.Ai Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter 2022 financial results, with revenue of $37.6 million and a gross margin of 25%.

BigBear.ai reported revenue of $37.6 million for Q2 2022, with a gross margin of 25%. The company experienced a net loss of $56.8 million, primarily driven by a non-cash goodwill impairment charge. They are revising their 2022 financial outlook due to delays in federal contract awards and longer sales cycles.

  • Revenue for the second quarter ended June 30, 2022 was $37.6 million.
  • Gross margin for the second quarter ended June 30, 2022 was 25%.
  • Analytics segment adjusted gross margin of 39% for the second quarter of 2022.
  • Ending backlog of $325 million.

Headline financials

Total Revenue

$37.6M

Previous: $36.3M+3.6%
EPS (adj)

-$0.17

Previous: -$0.03-466.7%
Capital Expenditures

-$508K

Previous: $112K-553.6%
Free Cash Flow

-$57.4M

Previous: -$2.6M-2102.1%
Net Income

-$56.8M

Previous: -$3.18M-1690.4%
Operating Income

-$55.3M

Previous: -$3.11M-1679.8%
Gross Profit

$9.59M

Previous: $9.16M+4.7%
Cash & Equivalents

$29.8M

Previous: $8.98M+232.2%
Total Assets

$227M

Previous: $361M-37.3%
Stock-Based Comp

$5.08M

Previous: $31K+16287.1%

Revenue & EPS history

Bigbear.Ai · Revenue · Quarterly

$37.6M

Q2 2022+3.6%vs Q2 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The Company now projects revenue of approximately between $150 million to $170 million for the year-ended December 31, 2022 and single digit negative Adjusted EBITDA, in millions, for the second half of 2022

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-10.0%

Avg return

Earnings day

-10.4%

Avg return

5 days after

-1.5%

Avg return

30 days after

21%

4 / 19 earnings

Positive

+6.0%

Q3 2025

Best reaction

-32.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+0.2%+14.4%
Q4 2025-7.1%+3.7%-12.7%
Q3 2025+6.0%+6.1%+18.0%
Q1 2025+0.4%-8.7%+24.6%
Q4 2024-20.5%-22.1%-32.1%
Q3 2024-1.2%+9.3%+77.6%
Q2 2024-11.3%-18.5%+5.3%
Q1 2024-13.4%-14.0%-12.8%
Q4 2023-32.7%-39.0%-49.0%
Q3 2023+1.4%+6.1%+11.6%
Q2 2023-13.1%-7.1%-13.1%
Q1 2023-8.6%-14.7%-24.4%
Q4 2022-13.8%-18.4%+41.9%
Q3 2022-4.6%+0.9%-11.1%
Q2 2022-27.0%-29.9%-52.2%
Q1 2022-20.5%-24.1%-49.3%
Q4 2021-23.8%-26.6%+49.5%
Q3 2021+0.2%+0.1%-15.4%
Q2 2021-0.2%-0.2%+0.1%
Q4 2020
Q1 2021
Q3 2020

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