Categories: Web and IT News

BigBear.ai Announces First Quarter 2024 Results

  • Closed the acquisition of Pangiam in an all-stock transaction, combining BigBear.ai’s computer vision capabilities with facial recognition, image-based anomaly detection and advanced biometrics.
  • Cash balance of $81.4 million as of March 31, 2024.
  • Affirming full-year 2024 revenue guidance of $195 – $215 million.

COLUMBIA, Md.–(BUSINESS WIRE)–BigBear.ai Holdings, Inc. (NYSE: BBAI) (“BigBear.ai” or the “Company”), a leader in AI-powered decision intelligence solutions, today announced financial results for the first quarter of 2024 and issued an investor letter that has been posted to the Investor Relations section of the Company’s website.

See also Base.ai Expands Customer-Led Growth Capabilities with Acquisition of 3bears.ai

BigBear.ai CEO Mandy Long said, “Today’s results reflect BigBear.ai’s steady progress in the first quarter of 2024 as we continue to operationalize AI at the edge for our customers in National Security, Digital Identity, and Supply Chain Management.”

Sponsored
Sponsored
awnewsor

Share
Published by
awnewsor
2 years ago

Recent Posts

Winter Storm Fern Grounds 13,000 Flights, Paralyzing U.S. Air Travel Empire

Airlines scrapped more than 13,000 flights over the weekend as Winter Storm Fern barreled across…

2 hours ago

OpenAI’s Enterprise Pivot: Codex Surge Powers $1B API Boom Amid Anthropic Rivalry

OpenAI’s Enterprise Pivot: Codex Surge Powers $1B API Boom Amid Anthropic Rivalry OpenAI is ramping…

2 hours ago

Top 10 Marketing Agencies for Startups in Israel (2026 Guide)

Israel’s startup sector is famous for its technical innovation, but even the best ideas need…

2 hours ago

The best way to store your travel luggage

Traveling often brings excitement, discovery, and a fair amount of logistics. One challenge many travelers…

2 hours ago

4 Mistakes First-Time Rental Property Owners Make (And How to Prevent Them)

Owning a rental property can be a great way to generate a steady income, build…

2 hours ago

AI Videos Erode Brand Faith as Viewers Spot Synthetics Everywhere

Consumers are increasingly spotting what they believe to be artificial intelligence in online videos, triggering…

2 hours ago

This website uses cookies.