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Jul 31, 2022
C3.ai Q1 2023 Earnings Report
C3.ai transitioned to consumption-based pricing model and experienced revenue growth.
Key Takeaways
C3.ai announced its Q1 2023 financial results, featuring a transition to a consumption-based pricing model and a 25% year-over-year revenue increase to $65.3 million. The company is aiming to be non-GAAP profitable during FY 2024.
Revenue increased by 25% year-over-year, reaching $65.3 million.
Transitioned to a consumption-based pricing model.
GAAP RPO increased by 58% to $458.2 million.
Non-GAAP gross margin was 81%.
Revenue by Segment
Forward Guidance
The Company’s guidance for the second quarter of fiscal 2023 includes total revenue of $60.0 - $62.0 million and non-GAAP loss from operations of ($15.0) - ($20.0) million. The full year fiscal 2023 guidance includes total revenue of $255.0 - $270.0 million and non-GAAP loss from operations of ($90.0) - ($98.0) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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