Vivek's questions to BigBear.ai Holdings (BBAI) leadership • Q2 2023
Question
Vivek, on behalf of Mike Latimore from Northland Capital Markets, inquired about BigBear.ai's current headcount, the expected timing for the large GFIM deal award, and the anticipated gross margin trends for the second half of 2023.
Answer
CFO Julie Peffer explained that while specific headcount figures are not disclosed, the number is currently decreasing as certain labor-heavy contracts conclude, though targeted hiring in key areas is planned. CEO Mandy Long confirmed the company anticipates the large GFIM deal to be awarded in Q4. Regarding margins, Peffer projected improvement in the second half of the year as the contract mix shifts towards higher-margin work. Long elaborated that this is a deliberate strategy to focus on opportunities with greater margin expansion.