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-0.00260019058903953 -0.00272951309269085 -0.00365093593120666 0.000632872002243907 -0.00179192494121867 0.0217286054103688 0.0135812876803343 0.0127568567195571
Stock impact report

BigBear (BBAI) Soars 18% on Swing to Profit, AI Expansion [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
BigBear AI extended its winning streak to a fourth straight day on Wednesday, jumping 18.32 percent to close at $7.17 apiece after swinging to profitability in the third quarter and announcing plans to ramp up artificial intelligence adoption with the acquisition of a new company. In a statement, BigBear.ai Holdings, Inc. (NYSE:BBAI) said it swung to a net income of $2.5 million in the third quarter of the year, reversing a net loss of $15 million in the same period last year, amid $26.1 million non-cash changes in derivative liabilities associated with changes in the fair value of the convertible features of the 2029 Notes and warrants. BigBear (BBAI) Soars 18% on Swing to Profit, AI Expansion Revenues, however, dropped by 20 percent to $33.14 million from $41.5 million year-on-year, primarily due to lower volume on certain Army programs. For the full-year period, BigBear.ai Holdings, Inc. (NYSE:BBAI) reaffirmed its outlook of $125 million to $140 million in revenues. In o Show less Read more
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