iLearningEngines Q1 revenue up 33% to $125M, ARR up 34% to $479M

iLearningEngines, Inc.

Revenue $125M (+33% YoY); Annual Recurring Revenue $479M (+34% YoY).
GAAP net loss $25.9M includes $30.6M in one-time items (warrant liability, convertible notes, debt extinguishment).
Adjusted EBITDA $9M; margin expanded ~480 basis points YoY.
Net Dollar Retention 132% vs 125% a year ago.
Shares outstanding ~134.9M after Arrowroot business combination close.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

iLearningEngines, Inc. reported first quarter ended March 31, 2024 results: revenue $125 million, net income $25.9 million.

Period: first quarter ended March 31, 2024
Revenue: $125 million
Net income: $25.9 million
Result: reported results

Exact text from the filing

first quarter revenue grew 33% year-over-year to $125 million Net loss driven entirely by one-time items; Company delivers increased non-GAAP profitability year-over-year excluding one-time items

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Source: SEC EDGAR

accession 0001213900-24-044406

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