BUZZ-BigBear.ai tumbles after Q4 miss, downbeat forecast

Reuters
07 Mar
BUZZ-BigBear.ai tumbles after Q4 miss, downbeat forecast

** Shares of BigBear.ai BBAI.N down 15% before the bell to $3.56, a 5-week low, after Q4 results, 2025 outlook miss consensus

** Columbia, Maryland-based firm late Thurs posted rev of $43.8 mln, up 8% y/yr, below analysts' estimate of $54.5 mln, per LSEG

** Adj loss/sh of 43 cents wider than expectations for 4 cents/sh loss

** For 2025, co projected rev of $160-$180 mln compared to analysts' view of $200.8 mln

** Co said in the event of U.S. Government shutdown, or substantial shift in national security priorities, it would review its guidance

** On Feb 5, BBAI shares closed up ~45% at $7.11 after co won Department of Defense contract to advance its Virtual Anticipation Network (VANE) prototype for geopolitical risk analysis

** 3 of 5 analysts covering BBAI rate stock "buy", 2 have "hold" and their median PT is $2.75 - LSEG

** Through Thurs close, stock down ~6% YTD after rising as high as $10.36 (Feb 13) this year

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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