Is BigBear.ai Stock a Buy Now?
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BigBear.ai (NYSE: BBAI), a developer of artificial intelligence (AI) modules, went public by merging with a special purpose acquisition company (SPAC) four years ago. Its stock opened at $9.84, went through some wild swings, but now trades at less than $7.Like many other SPAC-backed start-ups, BigBear.ai overpromised and underdelivered. In a pre-merger presentation, it predicted its annual revenue would more than triple from $182 million in 2021 to $550 million in 2024. But in reality, its revenue only rose from $146 million in 2021 to $158 million in 2024 as it dealt with the bankruptcy of its top customer Virgin Orbit, faced stiff competition from other AI companies, and weathered rough macro headwinds.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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