C3.ai Q2 subscription revenue grows 26% YoY; non-GAAP loss improves to $(0.11)

C3.ai, Inc.

2023-Q2 EPS reported -$1.30 revenue$127,716,000

Revenue $62.4M (+7% YoY), subscription revenue $59.5M (+26% YoY).
GAAP net loss $(0.63) per share vs $(0.55) YoY; non-GAAP loss $(0.11) vs $(0.23).
Cash and investments $858.8M; non-GAAP operating loss improved to $15.0M from $22.6M.
Transition to consumption-based pricing: contracts doubled to 25, average value fell to $0.8M from $19M.
Targeting non-GAAP profitability and cash positive by end of fiscal 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

C3.ai, Inc. reported the fiscal second quarter ended October 31, 2022 results: revenue $62.4 million, EPS $(0.63).

Period: the fiscal second quarter ended October 31, 2022
Revenue: $62.4 million
EPS: $(0.63)
Result: reported results

Exact text from the filing

Total revenue for the quarter was $62.4 million, an increase of 7% compared to $58.3 million one year ago.

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Source: SEC EDGAR

accession 0001628280-22-031535

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