secwatch.observer — SEC 8-K summary
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Issuer:     C3.ai, Inc. (AI)
CIK:        0001577526
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0001628280-22-031535
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577526/000162828022031535/0001628280-22-031535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577526/000162828022031535/ai-20221207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031535

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