BigBearai Holdings ( (BBAI) ) has released a notification of late filing.
BigBear.ai Holdings, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to the need for additional time to reevaluate the accounting treatment of its convertible notes, specifically the embedded conversion option in the 2026 Notes, in collaboration with its independent auditors, Grant Thornton LLP. The company anticipates filing the report within fifteen days of the original due date. Despite the delay, BigBear.ai expects to report increased revenues and gross margins for 2024, although it foresees a significant increase in loss before income taxes compared to the previous year. The company assures that the changes in accounting treatment will not impact its revenue, gross margin, Adjusted EBITDA, or operating cash flows for any prior period. The notification was signed by Sean Ricker, the Chief Accounting Officer, emphasizing the company’s commitment to compliance and transparency.
More about BigBearai Holdings
YTD Price Performance: -15.09%
Average Trading Volume: 63,114,162
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.01B
Learn more about BBAI stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com