C3.ai Q4 2023 Earnings Report
Key Takeaways
C3.ai's total revenue for the quarter was $72.4 million, with subscription revenue constituting 79% of the total. The company achieved a GAAP gross profit of $47.5 million and positive free cash flow of $16.3 million.
Total revenue for the quarter was $72.4 million.
Subscription revenue for the quarter was $56.9 million, constituting 79% of revenue.
GAAP gross profit for the quarter was $47.5 million, representing a 66% gross margin.
Positive free cash flow was $16.3 million.
C3.ai
C3.ai
C3.ai Revenue by Segment
Forward Guidance
The Company’s guidance includes GAAP and non-GAAP financial measures. Total revenue for the first quarter of fiscal 2024 is expected to be $70.0 - $72.5 million. Full year fiscal 2024 revenue is expected to be $295.0 - $320.0 million. Non-GAAP loss from operations for the first quarter of fiscal 2024 is expected to be ($25.0) - ($30.0) million. Full year fiscal 2024 non-GAAP loss from operations is expected to be ($50.0) - ($75.0) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income