Shares of BigBear.ai Holdings (BBAI) plummeted 17.38% in after-hours trading on Thursday, following the company's release of disappointing revenue guidance for the fiscal year 2025.
The artificial intelligence and cybersecurity company projected revenue in the range of $160 million to $180 million for FY25, significantly lower than the consensus estimate of $193.9 million. The weaker-than-expected guidance raised concerns among investors about the company's growth prospects, triggering a sell-off in the stock.
While BigBear.ai did not provide specific reasons for the subdued revenue outlook, analysts speculate that the company may be facing headwinds such as increased competition, slowing demand, or challenges in executing its growth strategy. The after-hours plunge reflects the market's disappointment with the company's guidance and potential risks to its future performance.
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