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BigBear.ai Inc (NYSE:BBAI) reported financial results for the first quarter after the market close on Tuesday. Here’s a look at the key details from the print.
- BigBear.ai Holdings stock is feeling bearish pressure. What’s behind BBAI decline?
BigBear.AI Earnings Highlights
BigBear.AI reported first-quarter revenue of $34.44 million, beating analyst estimates of $33.60 million, according to Benzinga Pro. The company reported a quarterly loss of four cents per share, beating expectations for a loss of 8 cents per share.
Total revenue was down 1% year-over-year, primarily due to lower volume on Army programs. Backlog increased 14% quarter-over-quarter, primarily driven …
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