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

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From: Julius Wong5/29/2024 4:21:05 PM
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C3.ai Non-GAAP EPS of -$0.11 beats by $0.19, revenue of $86.6M beats by $2.2M

May 29, 2024 4:09 PM ET
By: Mary Christine Joy, SA News Editor

  • C3.ai press release (NYSE: AI): Q4 Non-GAAP EPS of -$0.11 beats by $0.19.
  • Revenue of $86.6M (+19.6% Y/Y) beats by $2.2M.
  • Subscription Revenue: Subscription revenue for the quarter was $79.9 million, constituting 92% of total revenue, an increase of 41% compared to $56.9 million one year ago.
    • Gross Profit: GAAP gross profit for the quarter was $51.6 million, representing a 60% gross margin. Non-GAAP gross profit for the quarter was $60.9 million, representing a 70% non-GAAP gross margin.
    • Net Loss per Share: GAAP net loss per share was $(0.59)
    • Cash Reserves: $750.4 million in cash, cash equivalents, and marketable securities.
      • Free Cash Flow: Positive free cash flow of $18.8 million.
    • The following table summarizes C3 AI’s guidance for the first quarter of fiscal 2025 and full-year fiscal 2025:

      (in millions)

      First Quarter Fiscal 2025

      Guidance

      Full Year Fiscal 2025 Guidance

      Total revenue

      $84.0 - $89.0, vs. $85.89M consensus

      $370.0 - $395.0, vs. $367.53M consensus

      Non-GAAP loss from operations

      $(22.0) - $(30.0)

      $(95.0) - $(125.0)

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