BigBear.ai reports Q2 adjusted EBITDA ($8.5) vs. ($3.7M) last year

Reports Q2 revenue $32.5M, consensus $40.58M. The company said, “While we are very optimistic with these significant investments and growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions.”