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Jan 31, 2021
C3.ai Q3 2021 Earnings Report
C3.ai's Q3 2021 financial results were announced, revealing a 19% increase in total revenue year over year and a 23% increase in subscription revenue.
Key Takeaways
C3.ai reported a 19% increase in total revenue to $49.1 million, with subscription revenue growing by 23% to $42.7 million. The company continues to expand its market-partner ecosystem and innovate in enterprise AI software.
Total revenue increased by 19% year over year, reaching $49.1 million.
Subscription revenue increased by 23% year over year, totaling $42.7 million.
Gross margin was 75%, compared to 74% one year ago.
The C3 AI Digital Transformation footprint continues to expand with new enterprise production deployments.
Revenue by Segment
Forward Guidance
The company provided guidance for the fourth quarter of fiscal year 2021, projecting total revenue between $50.0 million and $51.0 million and a non-GAAP loss from operations between ($28.0) million and ($27.0) million.
Positive Outlook
- Total revenue is expected to be between $50.0 million and $51.0 million.
- Company is focused on expanding its market-partner ecosystem
- Company is focused on continuing product leadership in enterprise AI
- Company is focused on expanding investments and market penetration in the increasingly critical climate and energy sustainability market.
- Company is focused on innovation
Challenges Ahead
- Non-GAAP loss from operations is expected to be between ($28.0) million and ($27.0) million.
- Difference between GAAP and non-GAAP measures will include stock-based compensation and employer payroll tax expense related to employee stock-based compensation
- Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions
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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