Summary by Moomoo AI
BigBear.ai Holdings, a leading provider of Edge AI-powered decision intelligence solutions, has reported its financial results for the year ended December 31, 2023. The company's revenue saw a marginal increase to $155.164 million from $155.011 million in the previous year, representing a 0.1% year-over-year growth. Cost of revenues increased by 2.3% to $114.563 million, resulting in a gross margin of $40.601 million, down from $42.993 million in 2022. The operating loss was $39.034 million, an improvement from the $110.527 million loss in 2022. Net loss for the year was $60.366 million, compared to a net loss of $121.674 million in the previous year.
In terms of business development, BigBear.ai completed the acquisition of Pangiam Intermediate Holdings, LLC, enhancing its vision AI capabilities. The company also entered into a warrant...Show More