C3 AI Q3 revenue $69.8M (+42% YoY), raises FY22 guidance to $252M; CFO change

C3.ai, Inc.

2023-Q3 EPS reported -$1.29 revenue$180,442,000

Revenue $69.8M (+42% YoY); GAAP EPS -$0.38, Non-GAAP -$0.07 (vs. -$0.21 and -$0.13 prior year).
FY22 revenue guidance raised to $252.0M, representing 38% growth over FY21.
GAAP RPO increased 90% to $469.3M; subscription revenue $57.1M (+34% YoY).
CFO Adeel Manzoor resigned eff. Feb 28; replaced by Juho Parkkinen (base $375k, 50% bonus, 120k RSUs + 170k options).
Customer wins: Shell expansion, DoD $500M agreement, LyondellBasell, Cargill; $1.02B cash.

item 2.02 item 9.01 item 5.02

Executive movements

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Appointed

Juho Parkkinen

Senior Vice President and Chief Financial Officer

AI · C3.ai, Inc.

Effective: 2022-03-01
Filed: March 2, 2022, 6:59 PM ET

On March 1, 2022, Juho Parkkinen was appointed as the Company's Senior Vice President and Chief Financial Officer, effective as of the same date.

Departed

Adeel Manzoor

Chief Financial Officer

AI · C3.ai, Inc.

Effective: 2022-02-28
Successor: Juho Parkkinen
Filed: March 2, 2022, 6:59 PM ET

On February 25, 2022, Adeel Manzoor resigned from his position with the Company effective February 28, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Juho Parkkinen was appointed as Senior Vice President and Chief Financial Officer at C3.ai, Inc..

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

Exact text from the filing

On March 1, 2022, Juho Parkkinen was appointed as the Company's Senior Vice President and Chief Financial Officer, effective as of the same date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Adeel Manzoor resigned as Chief Financial Officer at C3.ai, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On February 25, 2022, Adeel Manzoor resigned from his position with the Company effective February 28, 2022

View on SEC.gov

C3.ai, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-004683

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