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Technology Stocks : C3ai
AI 28.38+1.2%4:00 PM EDT

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From: Julius Wong12/6/2023 5:39:36 PM
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C3.ai Non-GAAP EPS of -$0.13 beats by $0.05, revenue of $73.23M misses by $1.1M

Dec. 06, 2023 5:00 PM ET
By: Pranav Ghumatkar, SA News Editor
5 Comments
  • C3.ai press release (NYSE: AI): Q2 Non-GAAP EPS of -$0.13 beats by $0.05.
  • Revenue of $73.23M (+17.3% Y/Y) misses by $1.1M.
  • Subscription revenue for the quarter was $66.4 million, constituting 91% of total revenue, an increase of 12% compared to $59.5 million one year ago.
  • Cash Reserves: $762.3 million in cash, cash equivalents, and investments.
  • Customer Engagement: Customer Engagement for the quarter was 404, an increase of 81% compared to 223 one year ago.
  • Q3 Outlook: Total revenue $74.0 - $78.0M vs. consensus of $74.33M; Non-GAAP loss from operations $(40.0) - $(46.0)M.
  • 2024 Outlook: Total revenue $295.0 - $320.0M vs. consensus of $307.88M; Non-GAAP loss from operations $(115.0) - $(135.0)M
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