secwatch.observer — SEC 8-K summary
======================================

Issuer:     C3.ai, Inc. (AI)
CIK:        0001577526
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001628280-22-024066
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C3.ai Q1 FY23 revenue $65.3M (+25% YoY); transitions to consumption-based pricing
--------------------------------------------------------------------------------

- Revenue $65.3M, up 25% YoY; subscription revenue $57.0M, up 24% YoY.
- GAAP net loss per share $(0.67) vs $(0.37) YoY; non-GAAP loss per share $(0.12) vs $(0.22).
- GAAP RPO up 58% to $458.2M; cash reserves >$930M.
- Introduces consumption-based pricing (vCPU/hour) for new customers; aims for non-GAAP profitability in FY 2024.
- Expanded partnerships with Google Cloud, Microsoft, AWS; new customer wins with Shell, USAF, Raytheon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577526/000162828022024066/0001628280-22-024066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577526/000162828022024066/ai-20220831.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer