C3.ai Q4 FY23: Revenue $72.4M, GAAP loss $(0.58)/share; FY23 revenue $266.8M (+5.6%)

C3.ai, Inc.

2024-FY EPS reported -$2.45 revenue$266,795,000

Q4 FY23 revenue $72.4M; FY23 revenue $266.8M (+5.6% YoY).
Q4 GAAP net loss $(0.58)/share; positive free cash flow $16.3M.
FY23 subscription revenue $230.4M (+11.4% YoY), 86% of total revenue.
Closed 126 agreements in FY23 (83 prior year); average sales cycle 3.7 months (down from 5 months).
Launched C3 Generative AI; closed three deals; USAF selected C3 as System of Record for AI predictive maintenance.

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 0.95

C3.ai, Inc. reported full fiscal year ended April 30, 2023 results: revenue $266.8 million, EPS $(2.45).

Period: full fiscal year ended April 30, 2023
Revenue: $266.8 million
EPS: $(2.45)
Result: reported results

Exact text from the filing

Full Year Fiscal 2023 Financial Highlights • Revenue: Total revenue for the fiscal year was $266.8 million, an increase of 5.6% compared to FY 22. • Subscription Revenue: Subscription revenue for the fiscal year was $230.4 million, constituting 86% of revenue, representing 11.4% growth over FY 22. • Gross Profit: GAAP gross profit for the fiscal year was $180.5 million, representing 68% gross margin. Non-GAAP gross profit was $205.2 million, representing 77% non-GAAP gross margin. • Net Loss per Share: GAAP net loss per share was $(2.45). Non-GAAP net loss per share was $(0.42).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

C3.ai, Inc. reported fiscal fourth quarter ended April 30, 2023 results: revenue $72.4 million, EPS $(0.58).

Period: fiscal fourth quarter ended April 30, 2023
Revenue: $72.4 million
EPS: $(0.58)
Result: reported results

Exact text from the filing

Fiscal Fourth Quarter 2023 Financial Highlights • Revenue: Total revenue for the quarter was $72.4 million. • Subscription Revenue: Subscription revenue for the quarter was $56.9 million, constituting 79% of revenue. • Gross Profit: GAAP gross profit for the quarter was $47.5 million, representing a 66% gross margin. Non-GAAP gross profit for the quarter was $53.9 million, representing a 74% non-GAAP gross margin. • Remaining Performance Obligations (“RPO”): GAAP RPO was $381.4 million. • Current RPO: Current RPO of $186.3 million. • Net Loss per Share: GAAP net loss per share was $(0.58). Non-GAAP net loss per share was $(0.13). • Cash Balance: $812.4 million in cash, cash equivalents, and investments. • Free Cash Flow: Positive free cash flow $16.3 million.

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Source: SEC EDGAR

accession 0001628280-23-020351

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