C3.ai Q1 FY24 revenue $72.4M, GAAP EPS $(0.56); generative AI traction and guidance update

C3.ai, Inc.

2024-Q1 EPS reported -$0.56 revenue$72,362,000

Revenue $72.4M at high end of guidance ($70-72.5M); subscription revenue $61.4M (85% of total).
GAAP net loss per share $(0.56); non-GAAP net loss per share $(0.09).
Cash and investments $809.6M; operating cash flow $3.9M; free cash flow $(8.9)M.
Closed 8 new generative AI agreements in Q1; pipeline of 140+ qualified opportunities.
No longer expects non-GAAP profitability in Q4 FY24; investing in generative AI market.

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 fiscal first quarter ended July 31, 2023 results: revenue $72.4 million, EPS GAAP net loss per share was $(0.56). Non-GAAP net loss per share was $(0.09)..

Period: fiscal first quarter ended July 31, 2023
Revenue: $72.4 million
EPS: GAAP net loss per share was $(0.56). Non-GAAP net loss per share was $(0.09).
Result: reported results

Exact text from the filing

strong traction with our enterprise AI applications and especially C3 Generative AI.” Fiscal First Quarter 2024 Financial Highlights • Revenue: Total revenue for the quarter was $72.4 million, coming in at the high end of guidance of $70.0 million to $72.5 million. • Subscription Revenue: Subscription revenue for the quarter was $61.4 million, constituting 85% of

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Source: SEC EDGAR

accession 0001628280-23-031546

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