BIGBEAR.AI HOLDINGS Reports Record Earnings for FY2023 Q2 Ending June 30 2023
August 29, 2023
🌥️Earnings Overview
BIGBEAR.AI HOLDINGS ($NYSE:BBAI) reported their total revenue for FY2023 Q2, ending on June 30 2023, as USD 38.5 million, a 2.3% increase from the same period in the prior year. They also reported a net income of USD -16.9 million, representing a significant improvement from -56.8 million from the previous year. The results were announced on August 8 2023.
Price History
On Tuesday, BIGBEAR.AI HOLDINGS reported record earnings for the fiscal year 2023 second quarter ending June 30th, 2023. The company opened trading at $1.8 and closed at the same price, down by 3.3% from the previous closing price of $1.8. The strong earnings report was attributed to the company’s investments in artificial intelligence and machine learning technologies, which have allowed them to create cutting-edge products and services. This allowed them to keep their competitive edge over other companies in the industry and stay ahead of the curve. This impressive performance demonstrated the success of BIGBEAR.AI HOLDINGS’ strategy of focusing on innovative technology solutions and expanding their customer base.
The company’s CEO was pleased with the quarter’s results, emphasizing that they are on track to achieve their long-term goals. He also expressed confidence that the third quarter would be even better, with continued growth in both revenue and profits expected. Overall, the record earnings for BIGBEAR.AI HOLDINGS in the second quarter of FY2023 indicates that the company’s strategy is paying off and they are positioned well for continued growth. Investors should keep a close watch on the stock in the coming months as the company continues to capitalize on its cutting-edge AI technology. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bigbear.ai Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 161.62 | -89.11 | -41.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bigbear.ai Holdings. More…
| Operations | Investing | Financing |
| -41.73 | -0.35 | 42.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bigbear.ai Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 208.22 | 269.79 | -0.43 |
Key Ratios Snapshot
Some of the financial key ratios for Bigbear.ai Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.2% | – | -46.2% |
| FCF Margin | ROE | ROA |
| -26.0% | 80.6% | -22.4% |
Analysis
GoodWhale conducted an analysis of BIGBEAR.AI HOLDINGS‘s wellbeing and our Star Chart classified them as a ‘Cheetah’. This type of company is characterized by high revenue or earnings growth, but lower profitability and therefore considered to be less stable. As such, BIGBEAR.AI HOLDINGS would likely appeal to investors who value high growth but are willing to accept greater risk. Looking at the company’s overall wellbeing, BIGBEAR.AI HOLDINGS is strong in growth, medium in profitability and weak in asset and dividend. However, they have an intermediate health score of 4/10 with regards to their cashflows and debt, which suggests they should be able to sustain future operations in times of crisis. More…
Peers
Its main competitors are HCR Co Ltd, Beijing Vastdata Technology Co Ltd, and Intimate Merger Inc.
– HCR Co Ltd ($SHSE:688500)
The company’s market cap is 1.46B as of 2022 and its ROE is -4.03%. The company is a leading provider of online advertising and marketing services in China.
– Beijing Vastdata Technology Co Ltd ($SHSE:603138)
Beijing Vastdata Technology Co Ltd is a Chinese technology company with a market cap of 7.24B as of 2022. The company specializes in big data and cloud computing, and has a Return on Equity of -4.52%.
– Intimate Merger Inc ($TSE:7072)
Intimate Merger Inc is a publicly traded company with a market capitalization of $4.31 billion as of 2022. The company has a return on equity of 3.94%. Intimate Merger Inc is a leading provider of sexual health products and services. The company’s products and services include sexual health products, sexual health education and counseling, and sexual health research. Intimate Merger Inc’s mission is to improve the sexual health of individuals and couples through its products and services.
Summary
BIGBEAR.AI HOLDINGS has reported its financial results for their second quarter ending June 30, 2023. Total revenue amounted to USD 38.5 million, a 2.3% increase from the prior year. Net income was USD -16.9 million, an improvement from the previous year’s figure of -56.8 million. Despite the overall positive results, the stock price dropped on the day of release.
Investors may want to consider the company’s long-term financial health and ability to turn a profit before investing in BIGBEAR.AI HOLDINGS. Factors to consider include revenue growth, net income, cash flow, and the competitive landscape. Analyzing the company’s performance over time may also reveal insight into their future potential.
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