If you believe in your investment, and bad news is market-wide - a hiccup and not about your stock - if you can, you hold through the intervening chaos.
BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, today announced that the U.S. Department of Defense (DoD) has awarded the company a 3.5-year, $13.2M sole source contract to support the Chairman of the Joint Chiefs of Staff’s (CJCS) Directorate for Force Management (J-35). BigBear.ai will deliver and maintain the DoD Joint Staff J-35’s ORION Decision Support Platform (DSP) which provides automated force management capabilities and data analytics to the DoD’s Joint Planning and Execution Community (JPEC).
As we await the opening of the US market on Friday, let's delve into the pre-market session and discover the top gainers and losers shaping the early market sentiment.
One major contributor to the higher loss per share during the year was the impairment of goodwill due to a decrease in share price during Q4, compared to the share price of the equity issued as consideration for the purchase of Pangiam.
Historical data shows BigBear.ai has managed to beat earnings expectations in only two of the past four quarters while missing revenue estimates in all of them.
