EARNINGS REPORT
C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2024 Financial Results
Positive
Quarterly revenue increased by 20% YoY to $86.6M.
Full-year revenue grew by 16% to $310.6M.
Subscription revenue rose 41% YoY for the quarter and 21% for the year.
Positive free cash flow of $18.8M.
Cash reserves totaled $750.4M.
Gross profit margins were 60% GAAP and 70% non-GAAP for the quarter.
Significant federal growth with more than 100% YoY revenue increase.
Closed 191 agreements in FY24, up 52% YoY.
Expecting 23% revenue growth in FY25.
Quarterly revenue increased by 20% YoY to $86.6M.
Full-year revenue grew by 16% to $310.6M.
Subscription revenue rose 41% YoY for the quarter and 21% for the year.
Positive free cash flow of $18.8M.
Cash reserves totaled $750.4M.
Gross profit margins were 60% GAAP and 70% non-GAAP for the quarter.
Significant federal growth with more than 100% YoY revenue increase.
Closed 191 agreements in FY24, up 52% YoY.
Expecting 23% revenue growth in FY25.
Negative
GAAP net loss per share was $(0.59) for the quarter.
GAAP net loss per share was $(2.34) for the full year.
Non-GAAP net loss per share was $(0.11) for the quarter and $(0.47) for the full year.
Despite revenue growth, the company still reported significant net losses.
Operating loss guidance for FY25 remains substantial, with expectations between $(95M) and $(125M).
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JESSE JAMES8832 : interesting here