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Jan 31, 2023
C3.ai Q3 2023 Earnings Report
C3.ai's Q3 2023 financial results were announced, revealing revenue of $66.7 million, surpassing expectations.
Key Takeaways
C3.ai announced its fiscal third quarter 2023 results, with revenue exceeding guidance at $66.7 million. The company is seeing improved business optimism and increased interest in its AI solutions. They are on track to become cash positive and non-GAAP profitable by the end of FY 24.
Total revenue for the quarter was $66.7 million, exceeding guidance.
Subscription revenue was $57.0 million, comprising 85.6% of the total revenue.
GAAP gross profit was $44.4 million, with a 67% gross margin.
GAAP net loss per share was $(0.57), while non-GAAP net loss per share was $(0.06).
Revenue by Segment
Forward Guidance
The Company’s guidance includes GAAP and non-GAAP financial measures. Total revenue is expected to be $70 - $72 million for the fourth quarter of fiscal 2023 and $264 - $266 million for the full year fiscal 2023. Non-GAAP loss from operations is expected to be ($24) - ($28) million for the fourth quarter of fiscal 2023 and ($69) - ($73) million for the full year fiscal 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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