Posted 3/16/2024, 11:25:00 AM
BigBear.ai Growth Stalls After SPAC Deal, Unlikely to Rival Palantir Dominance
- BigBear.ai is an analytics company like Palantir, but smaller, growing slower, and less profitable
- It missed its own ambitious growth targets after going public via a SPAC merger
- Macro issues, slower government spending, and a key customer bankruptcy hurt its growth
- New CEO is cutting costs and acquired a company to boost revenue, forecasts a rebound
- Unlikely to become "the next Palantir" due to Palantir's dominant position in data analytics