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C3.ai | 8-K: C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2024 Financial Results

C3.ai | 8-K: C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2024 Financial Results

C3.ai | 8-K:C3 AI公布第四财季和2024财年全年财务业绩
美股SEC公告 ·  05/30 04:15

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On May 29, 2024, C3.ai, Inc. reported its financial results for the fiscal fourth quarter and the full fiscal year ended April 30, 2024. The company announced a 20% year-over-year increase in fourth-quarter revenue to $86.6 million and a 16% increase in full-year revenue to $310.6 million, both surpassing guidance expectations. Subscription revenue for the quarter grew by 41% to $79.9 million, representing 92% of total revenue. The company also reported a GAAP net loss per share of $(0.59) and a non-GAAP net loss per share of $(0.11). C3.ai's cash reserves stood at $750.4 million, with positive free cash flow of $18.8 million for the quarter. Additionally, C3.ai filed a lawsuit against Enel Global Services S.r.l. for misappropriation of trade secrets and breach of contract, seeking €2.1 billion in damages. The company does not plan to provide regular updates on the legal action due to the unpredictable nature of legal proceedings.
On May 29, 2024, C3.ai, Inc. reported its financial results for the fiscal fourth quarter and the full fiscal year ended April 30, 2024. The company announced a 20% year-over-year increase in fourth-quarter revenue to $86.6 million and a 16% increase in full-year revenue to $310.6 million, both surpassing guidance expectations. Subscription revenue for the quarter grew by 41% to $79.9 million, representing 92% of total revenue. The company also reported a GAAP net loss per share of $(0.59) and a non-GAAP net loss per share of $(0.11). C3.ai's cash reserves stood at $750.4 million, with positive free cash flow of $18.8 million for the quarter. Additionally, C3.ai filed a lawsuit against Enel Global Services S.r.l. for misappropriation of trade secrets and breach of contract, seeking €2.1 billion in damages. The company does not plan to provide regular updates on the legal action due to the unpredictable nature of legal proceedings.
2024年5月29日,C3.ai, Inc.公布了第四财季和截至2024年4月30日的整个财年的财务业绩。该公司宣布第四季度收入同比增长20%,达到8,660万美元,全年收入增长16%,至3.106亿美元,均超出预期的预期。该季度的订阅收入增长了41%,达到7,990万美元,占总收入的92%。该公司还报告称,公认会计准则每股净亏损为0.59美元,非公认会计准则每股净亏损为0.11美元。C3.ai 的现金储备为7.504亿美元,本季度正自由现金流为1,880万美元。此外,C3.ai 以盗用商业秘密和违反合同为由对Enel Global Services S.r.l提起诉讼,要求赔偿21亿欧元。由于法律诉讼的不可预测性,该公司不打算定期提供有关法律诉讼的最新情况。
2024年5月29日,C3.ai, Inc.公布了第四财季和截至2024年4月30日的整个财年的财务业绩。该公司宣布第四季度收入同比增长20%,达到8,660万美元,全年收入增长16%,至3.106亿美元,均超出预期的预期。该季度的订阅收入增长了41%,达到7,990万美元,占总收入的92%。该公司还报告称,公认会计准则每股净亏损为0.59美元,非公认会计准则每股净亏损为0.11美元。C3.ai 的现金储备为7.504亿美元,本季度正自由现金流为1,880万美元。此外,C3.ai 以盗用商业秘密和违反合同为由对Enel Global Services S.r.l提起诉讼,要求赔偿21亿欧元。由于法律诉讼的不可预测性,该公司不打算定期提供有关法律诉讼的最新情况。
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