secwatch.observer — SEC 8-K summary
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Issuer:     C3.ai, Inc. (AI)
CIK:        0001577526
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001628280-23-031546
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577526/000162828023031546/0001628280-23-031546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577526/000162828023031546/ai-20230906.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031546

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