Financial StrategyThe company meaningfully de-levered its balance sheet through a series of corporate actions, including warrant conversion and an exchange of outstanding convertible notes.
Growth OpportunitiesValuation is attractive given meaningful growth opportunity and path to profitability, with a price target of $7.00 reflecting a 65.0% upside from the recent trading price.
New ContractsBigBear announced that it was awarded a $165 million, 5-year contract for the U.S. Army Global Force Information Management Production Services.