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CXApp Q4 2024 Earnings Report
Estimated Revenue:$2M
+11.1% YoY
Estimated EPS:$0
Key Takeaways
CXApp Inc. announced strong Q4 2024 and Annual 2024 financial results, highlighting a successful transition to an AI-centric subscription application business model. The company achieved double-digit ARR growth, increased subscription revenue split to 87%, improved Net Revenue Retention to 101%, and expanded Gross Margin to 82%. Significant progress was made in customer adoption and employee engagement, including the deployment of new products like CXAI Kiosk and CXAI VU.
CXApp achieved double-digit Annual Recurring Revenue (ARR) growth from 2023.
The subscription to one-time revenue split increased to 87% in 2024 from 78% in 2023, indicating a stronger recurring revenue model.
Net Revenue Retention (NRR) improved significantly to 101% from 73%, demonstrating higher recurring revenue retention.
Gross Margin (GM) increased to 82% from 78%, reflecting more profitable revenue.
CXApp
CXApp
Forward Guidance
CXApp anticipates 2025 to be a banner year, expecting significant expansion demand from existing customers and new enterprise clients, driven by its Agentic AI offerings and strong balance sheet.
Positive Outlook
- Significant expansion demand from existing customers for scaling products in their footprint.
- Anticipated growth from new enterprise clients in target markets.
- Leveraging Silicon Valley based technology team and Global customer success teams to deliver amazing products and experiences.
- The era of Agentic AI for employee experiences is realized, positioning CXApp as a leader.
- Strong balance sheet with access to capital provides financial stability and capability to fund growth initiatives.
Challenges Ahead
- The company's expectations, estimates, and projections may differ from actual results.
- The impact of the COVID-19 pandemic on business, operations, results, and financial condition.
- The demand for the Company's services may be adversely affected by economic, business, and/or competitive factors.
- Changes in consumer preferences or the market for the Company's services.
- Difficulties of managing growth profitably or loss of key management members/major customers.
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Key Statistics
Market Cap
$17.6M
P/E Ratio
-0.68
Sector
Technology Services
Industry
Packaged Software
52-Week High
$2.24
52-Week Low
$0.73
Subscription Revenue Split
87%
Gross Margin (GM)
82%
Opex Reduction
20