Tag Archives: financial report

GovCon Expert Reggie Brothers: BigBear.ai First Half 2021 Financial Results Show Consistent Contract Awards, Backlog Growth

Dr. Reggie Brothers

BigBear.ai, an artificial intelligence and cloud-based data analytics solutions provider, announced its first half 2021 financial results, which include $72 million in year-to-date revenue, $150 million in contract awards and their upcoming merger with GigCapital4, which is expected to close in the fourth quarter of 2021. 

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Iridium Reports Fourth Quarter 2020, Issues Full Year 2021 Guidance; Matt Desch Quoted

Matt Desch

Iridium Communications has reported its financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. The company reported fourth-quarter total revenue of $146.5 million, which consisted of $116.9 million of service revenue and $29.6 million of revenue related to equipment sales and engineering and support projects. 

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CACI Reports Q2 FY21 Results; John Mengucci Quoted

John Mengucci

CACI International has reported the financial results for the company’s second fiscal quarter ended December 31, 2020. CACI’s Revenue in Q2 FY21 increased 5.2 percent year-over-year as reported and 4.3 percent organically. “We delivered solid organic growth, and our focus on delivery and operational excellence again drove strong profitability and robust cash flow,” John Mengucci, CACI’s president and CEO and 2020 Wash100 Award recipient said. 

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Lockheed Martin Reports Q4, FY 2020 Financial Results; James Taiclet Quoted

James Taiclet

Lockheed Martin Corporation has reported fourth quarter and full year 2020 results. The company’s fourth quarter 2020 net sales were $17.0 billion, compared to $15.9 billion in the fourth quarter of 2019. “In concert with our resilient operational performance, we delivered strong financial results on behalf of our shareholders and contributed to our communities," said Lockheed Martin president and CEO James Taiclet.

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SAIC Reports Q3 FY 2021 Financial Results; Nazzic Keene Quoted

Nazzic Keene

Science Applications International Corporation (SAIC) has announced results for the third quarter ended October 30, 2020. SAIC has estimated that the third quarter program impact from the COVID-19 pandemic to be approximately $60 million of revenue and $9 million of adjusted EBITDA. The impacts were driven by reduced volume in SAIC’s supply chain business, lower FAA training service revenues,and uncertain profit recovery on ready-state labor. 

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VMware Reports Q3 FY 2021 Results; Pat Gelsinger Quoted

Pat Gelsinger

VMware has announced financial results for the third quarter of fiscal 2021, reporting revenue for the third quarter of $2.86 billion, an increase of eight percent from the third quarter of fiscal 2020. The combination of subscription and SaaS and license revenue was $1.32 billion, an increase of ten percent from the third quarter of fiscal 2020.

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Maximus Reports Q4 FY 2020 Results; Bruce Caswell Quoted

Bruce Caswell

Maximus has reported financial results for the fourth quarter and full year, which ended Sept. 30, 2020. for fiscal 2020, revenue increased to $3.46 billion compared to $2.89 billion reported for the same period last year. Maximus reported organic growth of 15.7 percent in fiscal 2020, or 4.6 percent excluding the Census contract. 

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DoD’s FY 2020 Financial Audit Reports 530 Resolved Issues; David Norquist Quoted

David Norquist

The Department of Defense's (DoD) fiscal year 2020 audit of financial statements has found that its organizations resolved 530 findings from the FY 2019 audit and addressed challenges despite COVID-19 disruptions. Four audits are currently in progress and are slated to conclude between Dec. 15, 2020, and March 25, 2021.

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Maxar Technologies Reports Q3 2020 Financial Results; Dan Jablonsky Quoted

Dan Jablonsky

Maxar Technologies has reported financial results for the third quarter, which ended Sept. 30th, noting total revenues increased to $436 million from $413 million from the same period of 2019. The increase was primarily driven by an increase in the Space Infrastructure segment which was partially offset by a decrease in the Earth Intelligence segment.

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