C3 AI Q2 FY22 revenue $58.3M (+41% YoY), raises FY22 revenue growth guidance to 35-37%

C3.ai, Inc.

2023-Q2 EPS reported -$0.91 revenue$110,669,000

Q2 revenue $58.3M (+41% YoY), above guidance; GAAP net loss per share $(0.55) vs $(0.39) YoY.
Non-GAAP net loss per share $(0.23) vs $(0.26) YoY; Non-GAAP gross profit $45.3M, beat consensus by $1.6M.
FY22 revenue growth guidance raised to 35-37% from 17% in FY21; Baker Hughes contract expanded by $45M to $495M.
CFO David Barter resigned; Adeel Manzoor appointed CFO effective Dec 3, 2021, with base salary $450K and equity awards.
Customer count grew to 104 (+63% YoY); production deployments expanded to 14 industries from 7 a year ago.

item 2.02 item 9.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David Barter

Chief Financial Officer

AI · C3.ai, Inc.

Effective: 2021-12-10
Successor: Adeel Manzoor
Filed: December 1, 2021, 6:59 PM ET

On November 27, 2021, David Barter resigned his position with the Company effective December 10, 2021.

Appointed

Juho Parkkinen

Vice President and Corporate Controller

AI · C3.ai, Inc.

Effective: 2021-12-03
Filed: December 1, 2021, 6:59 PM ET

Simultaneous with Mr. Manzoor's appointment, Juho Parkkinen, the Company's Vice President and Corporate Controller, was appointed as the Company's principal accounting officer, effective December 3, 2021.

Appointed

Adeel Manzoor

Senior Vice President, Chief Administrative Officer and Chief Financial Officer

AI · C3.ai, Inc.

Effective: 2021-12-03
Filed: December 1, 2021, 6:59 PM ET

On December 1, 2021, Adeel Manzoor was appointed as the Company's Senior Vice President, Chief Administrative Officer and Chief Financial Officer, effective December 3, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Barter resigned as Chief Financial Officer at C3.ai, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On November 27, 2021, David Barter resigned his position with the Company effective December 10, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Juho Parkkinen was appointed as Vice President and Corporate Controller at C3.ai, Inc..

Action: appointed
Role: Vice President and Corporate Controller

Exact text from the filing

Simultaneous with Mr. Manzoor's appointment, Juho Parkkinen, the Company's Vice President and Corporate Controller, was appointed as the Company's principal accounting officer, effective December 3, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adeel Manzoor was appointed as Senior Vice President, Chief Administrative Officer and Chief Financial Officer at C3.ai, Inc..

Action: appointed
Role: Senior Vice President, Chief Administrative Officer and Chief Financial Officer

Exact text from the filing

On December 1, 2021, Adeel Manzoor was appointed as the Company's Senior Vice President, Chief Administrative Officer and Chief Financial Officer, effective December 3, 2021.

View on SEC.gov

C3.ai, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-21-024308

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