BigBear.ai Holdings, Inc.
NYSE:BBAI
$ 2.20
$-0.15 (-5.84%)
$ 2.20
$-0.15 (-5.84%)
Real-time: 03/19/2024 15:59

BigBear.ai Holdings Stock

About BigBear.ai Holdings

BigBear.ai Holdings, Inc. (BigBear.ai) provides artificial intelligence (AI) and machine learning (ML) for decision support. BigBear.ai Holdings share price history

The company's customers, including federal defense and intelligence agencies, manufacturers, third party logistics providers, retailers, healthcare, and life sciences organizations, rely on its solutions to empower leaders to decide on the best possible course of action by creating order from complex data, identifying blind spots, and building predictive outcomes. The company is a technology-led solutions organization, providing both software and services to its customers.

Segments

The company operates in two segments, Cyber & Engineering and Analytics.

Cyber & Engineering

This segment provides high-end technology and management consulting services to its customers. It focuses in the areas of cloud engineering and enterprise information technology (IT), cybersecurity, computer network operations and wireless, and systems engineering, as well as strategy and program planning. The segment's primary solutions relate to the development and deployment of customized solutions in the areas of cloud engineering and IT infrastructure, cybersecurity and computer network operations, data analytics and visualization, and system engineering and program planning. BigBear.ai Holdings share price history

Analytics

This segment offers high-end technology and consulting services to its customers. It focuses on the areas of big data computing and analytical solutions, including predictive and prescriptive analytics solutions. The segment's primary solutions assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.

Solutions and Services

Through the company's supply chain & logistics, autonomous systems and cybersecurity solutions, it helps its customers make sense of the world in which they operate, understand how known and previously unforeseen forces impact their operations, and determine, which decision and course of action will best achieve their objectives. With all of the company's solutions, as needed by each customer, it offers specialized consulting services to design, customize, deploy, operate, and support its solutions for federal and commercial customers.

Supply Chains & Logistics Solutions

The company's supply chain & logistics solutions include its Observe Data-as-a-Service (DaaS) solution, its ProModel discrete event simulator and its Dominate forecasting tool.

Observe DaaS-Data Conflation at Scale: Observe is a near-real time data collection and curation tool designed to collect and process enormous volumes of data from multiple domains, including BigBear.ai data collections, customer proprietary data, and third-party data, to create more holistic insights. Observe captures and distills data to identify relevant information, forming a more coherent and continuously updated view of the situations that matter to the company's customers anywhere across the globe. The company's collections cover many subjects, including facilities, locations, news, events, social media, public communications, internet services and more. For situations that require a more customized solution, Observe collections can be used to enrich the customer's proprietary data and analytics via modern, robust application programming interfaces (APIs). The company's Observe DaaS solution is live in production, with over 25 sources, across more than 100 countries, and 140 million records processed daily.

ProModel Discrete Event Simulator-Course of Action Analysis & Digital Twin: ProModel is a robust discrete-event simulation technology that captures the behavior of complex interdependent processes and enables rapid course-of-action analysis through a 'what if' user interface that allows customers to alter various parameters without changing the model directly. The ProModel digital twin modeling platform is used to plan, design and improve new or existing manufacturing, logistics, business processes and other operational systems, and has been implemented in multiple vertical use cases including shipyard planning (Shipyard AI), patient flow optimization in hospitals (Future Flow) and complex portfolio management (Enterprise Portfolio Simulator). Because the company's Discrete Event Simulator is built and deployed as foundational technology, it can be tailored to many use cases for customers based on specific needs and embedded in existing platforms for an optimal user experience.

Dominate-Macroeconomic & Geopolitical Forecasting: Dominate is a decision support engine that provides customers goal-oriented advice to help them determine the right decision or course of action to best achieve their desired results. Using technology derived from the company's battlefield expertise, Dominate forecasts future outcomes based on different decision options, assigns a likelihood to each of those outcomes, and allows users to understand potential impacts for each of these decision options. Dominate is based on a resilient analytical architecture specifically designed to make sense of data sets that are periodically dirty, erroneous, or full of gaps. Even in complex environments, Dominate helps customers reveal unexpected insights and develop innovative courses of action.

Cybersecurity Solutions

BEARCLAW-AI-Powered, Machine Accelerated Binary Analysis and SpaceCREST-Vulnerability Assessment & Monitoring, Digital Twin: The company's cybersecurity offerings include its Binary Extraction Analysis Repository/Customizable Logic Automated Workflow (BEARCLAW) engine and the Space Cyber Resiliency through Evaluation and Security Testing (SpaceCREST) laboratory environment. The company's BEARCLAW engine is a modular framework that incorporates AI/ML to assess vulnerabilities using automation and its data collections to conduct analysis on binaries and better, more quickly inform analysts to help them rapidly identify and/or respond to threats.

SpaceCREST is a laboratory environment designed to study and evaluate vulnerabilities of space assets in a cyber-physical system, develop cyber resiliency, and provide situational awareness and monitoring of those assets. Using Hyperion Operational Space Simulation (HOSS) and the Advanced Configurable Open-system Research Network (ACORN) platform, BigBear.ai develops tools and technologies to perform vulnerability research on space infrastructure hardware components, identify potential vulnerabilities that could compromise space systems, and provide tools and techniques that demonstrate how to mitigate and protect against the potential vulnerabilities identified. SpaceCREST's digital twin helps operators rapidly identify when an attack or system failure is occurring. SpaceCREST also performs catastrophic testing without physically destroying the space asset or interrupting operations and the company's team of specialists then develops cyber security to mitigate the risk of cyber-attacks for its customers.

The company's specialists also provide ongoing offensive and defensive cybersecurity analysis services to certain key customers and its mission operators often partner with government teams to contribute to missions for the intelligence community and the Department of Defense (the DoD).

Autonomous Systems Solutions

The company is well positioned to address the need for scaled cyber-physical systems for complex customers in the federal government, and in the future, the private sector. The company's autonomous systems solutions in use by the DoD provide geospatial tracking, anomaly detection, computer vision capabilities, and AI at the edge. By conflating millions of data points using AI/ML, the company's autonomous systems benefit from increased situational awareness, enable predictive forecasts, and can alert both analysts and decision-makers of potential threats. The company's algorithms run against a myriad of sensors in a maritime environment to support forces who may be operating in disadvantaged or disconnected environments.

Growth Strategy

BigBear.ai has multiple growth tactics, including performing on the company's existing backlog of approximately $222 million as of December 31, 2022, adding new customers, expanding relationships with existing customers, and scaling the company's direct and indirect sales channels.

Customers

BigBear.ai's customers include the U.S. defense and intelligence agencies, manufacturing, distribution and logistics, healthcare, and life sciences. As of December 31, 2022, BigBear.ai had predominantly served federal, military, and intelligence agencies of the U.S. government. The company is proud of the trusted, multi-decade relationships it has with several the U.S. defense and intelligence agencies, including the Joint Staff, the U.S. Army, the U.S. Air Force, and Department of Homeland Security (DHS). The company is continuing to grow its customer base in its three markets: supply chains and logistics, cybersecurity, and autonomous systems.

Seasonality

The company generally experiences seasonality in the timing of recognition of revenue as a result of the timing of the execution of its contracts, as the company has historically executed many of its contracts in the third and fourth quarters (the year ended December 31, 2022) due to the fiscal year ends and procurement cycles of its customers.

Country
Founded:
Data Unavailable
IPO Date:
04/01/2021
ISIN Number:
I_US08975B1098

Contact Details

Address:
6811 Benjamin Franklin Drive, Suite 200, Columbia, Maryland, 21046, United States
Phone Number
410 312 0885

Key Executives

CEO:
Long, Amanda
CFO
Peffer, Julie
COO:
Data Unavailable