US Stock Market Move | Lowered full-year revenue guidance causes BigBear.ai Holdings (BBAI.US) to plummet over 25%.
On Tuesday, BigBear.ai Holdings (BBAI.US) plummeted over 25%, closing at $5.27.
On Tuesday, BigBear.ai Holdings (BBAI.US) plummeted over 25%, closing at $5.27. In terms of news, the company reported a Q2 revenue of $32.5 million, a year-on-year decrease of 18%; a net loss of $228.6 million, compared to a net loss of $14.4 million in the same period last year; the company has revised its full-year revenue guidance to $125 million-$140 million, down from the previous expectation of $160 million-$180 million.
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