BigBear.ai Q1 earnings beat revenue estimates but reported a smaller loss and lower share price.
BigBear.ai, an AI solutions provider listed on the NYSE, reported better-than-expected Q1 earnings with a $0.05 EPS loss, down from the estimated $0.07 loss. The company's revenue of $39.78M exceeded forecasts of $46.55M. Shares fell $0.06 to $1.34, while HC Wainwright downgraded its target price from $5.00 to $3.00, maintaining a "buy" rating. The company's market cap stands at $329.75M with a beta of 3.52 and a debt-to-equity ratio of 1.90.
August 04, 2024
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