CXApp Inc. (NASDAQ:CXAI) Announces Q3 2023 Financial Results: Record Growth & Industry Momentum for CXAI Platform
CXApp Inc. (NASDAQ:CXAI) Announces Q3 2023 Financial Results: Record Growth & Industry Momentum for CXAI Platform
Palo Alto, CA / November 14, 2023 / CXApp Inc (NASDAQ:CXAI), the global technology leader in employee workplace experiences announced financial results for the third quarter 2023. The 10-Q has been filed with the SEC today and will be available on the Company's website .Double Digit RPO Growth
兩位數 RPO 增長
Signed Largest Fortune 100 Deal To-Date
簽署了迄今爲止最大的《財富》100強合約
CXAI Platform to Launch in December
CXAI 平台將於十二月上線
Palo Alto, CA / November 14, 2023 / CXApp Inc (NASDAQ:CXAI), the global technology leader in employee workplace experiences announced financial results for the third quarter 2023. The 10-Q has been filed with the SEC today and will be available on the Company's website .
加利福尼亞州帕洛阿爾託/2023年11月14日/員工工作場所體驗領域的全球技術領導者cxApp Inc（納斯達克股票代碼：CXAI）公佈了2023年第三季度的財務業績。10-Q已於今天向美國證券交易委員會提交，並將在公司網站上公佈。
Khurram Sheikh, Chairman and CEO of CXApp said, "The CXAI SaaS platform is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
cxApp董事長兼首席執行官Khurram Sheikh表示：“CXAI SaaS平台立足於客戶體驗（CX）和人工智能（AI）的交匯點，爲工作場所提供數字化轉型，以增強人、地點和事物的體驗。
We are pleased to announce the following financial results and business updates as we make progress on our journey to shape the future of work:
隨着我們在塑造未來工作的道路上取得進展，我們很高興地宣佈以下財務業績和業務更新：
1. |
Financial Performance |
1。 |
財務業績 |
a. |
A key highlight of the third quarter has been the record growth we accomplished in our Remaining Performance Obligation (RPO). We demonstrated record growth in our backlog as we grew RPO double digits sequentially through a combination of expansions with existing customers as well as contracting new customers. |
a。 |
第三季度的一個關鍵亮點是我們在剩餘業績義務（RPO）方面實現了創紀錄的增長。我們的待辦事項數量實現了創紀錄的增長，通過與現有客戶的擴張以及簽約新客戶相結合，我們的RPO連續兩位數增長。 |
b. |
We have optimized the operational cost structure with a net 56% operating expense reduction year over year. |
b。 |
我們優化了運營成本結構，運營費用同比淨減少了56％。 |
c. |
Our subscription-based recurring revenue was 80% of the total revenue, up from 25% of total from last year. |
c。 |
我們基於訂閱的經常性收入佔總收入的80％，高於去年總收入的25％。 |
d. |
Our gross margin for the quarter was 80% (up from 75% last quarter), which is an attractive figure that will potentially increase as our subscription revenues increase. |
d。 |
我們本季度的毛利率爲80％（高於上個季度的75％），這是一個有吸引力的數字，隨着訂閱收入的增加，這一數字可能會增加。 |
e. |
CXAI's strategy of 'land & expand' also continues to be a key contributor to growing subscription revenues with our existing customer base and we have seen a double digit increase in ARR since the end of lastyear. |
e。 |
CXAI的 “土地擴張” 戰略也仍然是我們現有客戶群訂閱收入增長的關鍵因素，自去年年底以來，我們的ARR已實現兩位數增長。 |
2. |
Largest Customer Addition |
2. |
新增的客戶最多 |
a. |
A key highlight of Q3 was being selected by one of the world's largest media organizations for a seven-figure agreement. After a rigorous due diligence process (where the customer evaluated multiple vendors), we were ultimately awarded a large subscription-based contract for an initial three-year term. There is also attractive growth potential through expansions and value-based applications as we launch the first deployment. This builds upon our momentum of large customer wins in Q2 and I believe this demonstrates that despite our small size, large companies are excited about our current solution and path to AI and are partnering with us at an increasing pace. |
a。 |
第三季度的一個關鍵亮點是被全球最大的媒體組織之一選中籤訂七位數協議。經過嚴格的盡職調查流程（客戶對多個供應商進行了評估），我們最終獲得了一份最初爲期三年的大型訂閱合同。在我們啓動首次部署時，通過擴展和基於價值的應用程序，也具有誘人的增長潛力。這建立在我們在第二季度贏得大客戶的勢頭之上，我相信這表明，儘管我們的規模很小，但大型公司對我們當前的解決方案和人工智能之路感到興奮，並且正在以越來越快的速度與我們合作。 |
3. |
AI (Artificial Intelligence) Platform Update |
3。 |
AI（人工智能）平台更新 |
a. |
Our state-of-the-art technology platform is based on 37 filed patents, with 17 of them already granted. This substantial intellectual property not only establishes our company as a technological frontrunner but also secures our position as a pioneer in the industry. |
a。 |
我們最先進的技術平台基於37項已申請的專利，其中17項已經獲得授權。這項重要的知識產權不僅使我們公司成爲技術領跑者，而且還確保了我們作爲該行業先驅的地位。 |
b. |
Our AI tools and models are being built on the strong foundation of our full stack software solution that provides contextual awareness using indoor mapping and on-device positioning technology as well as the data collection of millions of data points from our enterprise app. This new area of spatial intelligence creates the opportunity to personalize the workplace experience at the same time as redefine the workplace environment. |
b。 |
我們的人工智能工具和模型建立在我們的全棧軟件解決方案的堅實基礎上，該解決方案使用室內測繪和設備端定位技術以及從我們的企業應用程序收集數百萬個數據點的數據來提供情境感知。這個新領域 空間智能 在重新定義工作場所環境的同時，創造了個性化工作場所體驗的機會。 |
c. |
CXAI Platform |
c。 |
CXAI 平台 |
d. |
Generative AI |
d。 |
生成式人工智能 |
e. |
Experiential Analytics |
e。 |
體驗式分析 |
f. |
CXAI Platform Launch: |
f。 |
CXAI 平台發佈： |
Our focus has always been on delivering cutting-edge solutions to empower our users, and I'm excited to see how the CXAI platform and exciting new AI applications will transform employee experiences.
我們的重點一直是提供尖端的解決方案，爲我們的用戶提供支持，我很高興看到 CXAI 平台和令人興奮的新人工智能應用程序將如何改變員工體驗。
Khurram Sheikh concluded "We are excited about the great progress we made this quarter in shaping the future of work with our leading-edge technology solutions. We are mission-focused on defining a new category in enterprise software: Employee Experiences. We have an amazing customer base diversified globally and across all major sectors ready for massive scale-up with our next generation AI platform. And most importantly, we have the leadership team and board that has a track record of leading industry transformations and developing new markets to scale. We look forward to sharing the details of our CXAI Platform in December this year."
Khurram Sheikh總結道：“我們對本季度在利用領先的技術解決方案塑造未來的工作方面取得的巨大進展感到興奮。我們的使命是定義企業軟件的新類別：員工體驗。我們在全球和所有主要領域擁有令人驚歎的多元化客戶群，準備通過我們的下一代人工智能平台進行大規模擴展。最重要的是，我們的領導團隊和董事會在領導行業轉型和擴大規模開發新市場方面有着良好的記錄。我們期待在今年12月分享我們的CXAI平台的詳細信息。”
This press release is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law.
本新聞稿僅供參考，既不是要購買任何證券，也不是要約出售、認購或購買任何證券，也不得在任何司法管轄區進行任何違反適用法律的出售、發行或轉讓或證券。
About CXApp Inc
CXApp Inc, is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI SaaS platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
關於 cxApp Inc
CxApp Inc. 是員工工作場所體驗領域的全球技術領導者。該公司總部位於舊金山灣區，運營基於客戶體驗（CX）和人工智能（AI）交叉點的CXAI SaaS平台，爲工作場所提供數字化轉型，以增強人、地點和事物的體驗。
CXApp's customers include major Fortune 500 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
cxApp 的客戶包括科技、金融服務、消費者、醫療保健和媒體娛樂垂直領域的大型《財富》500強全球公司。
CONTACT:
聯繫人：
CXApp Inc.
marketing@cxapp.com
cxApp Inc.
marketing@cxapp.com
Forward-Looking Statements
前瞻性陳述
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company's auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on our business, operations, results of operations and financial condition, including liquidity for the foreseeable future; the demand for the Company's services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company's services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company's business; difficulties of managing growth profitably; the loss of one or more members of the Company's management team; loss of a major customer and other risks and uncertainties included from time to time in the Company's reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this communication.
本新聞稿包括1995年《私人證券訴訟改革法》“安全港” 條款所指的 “前瞻性陳述”。公司的預期、估計和預測可能與其實際業績有所不同，因此，您不應依賴這些前瞻性陳述作爲對未來事件的預測。諸如 “期望”、“估計”、“項目”、“預算”、“預測”、“預期”、“打算”、“計劃”、“可能”、“可以”、“應該”、“相信”、“預測”、“潛力”、“繼續” 或其負面或其他變體之類的詞語以及類似的表達方式旨在識別此類前瞻性陳述。這些前瞻性陳述包括但不限於對公司未來業績的預期，包括預計的財務信息（未經公司核數師審計或審查）、公司的未來計劃、運營和機會以及其他非歷史事實的陳述。這些報表基於公司管理層當前的預期，不是對實際業績的預測。這些前瞻性陳述涉及重大風險和不確定性，可能導致實際結果與預期結果存在重大差異。可能導致此類差異的因素包括但不限於：COVID-19 疫情對我們的業務、運營、經營業績和財務狀況（包括可預見的將來的流動性）的影響；對公司服務的需求以及公司可能受到其他經濟、商業和/或競爭因素或公司運營業務環境變化的不利影響的可能性；消費者偏好或公司服務市場的變化；適用的變化法律或法規；公司在向美國證券交易委員會提交的報告（包括這些報告的所有修正案）中不時包含的其他風險和不確定性；公司管理團隊中一名或多名成員的流失；公司不時向美國證券交易委員會提交的報告（包括這些報告的所有修正案）中包含的其他風險和不確定性。公司警告說，上述因素清單並非排他性的。您不應過分依賴任何前瞻性陳述，這些陳述僅代表截至發表之日。除非法律要求，否則公司不承擔或接受任何義務或承諾，公開發布對任何前瞻性陳述的任何更新或修訂，以反映其預期的任何變化或任何此類陳述所依據的事件、條件或情況的任何變化。不應將這些前瞻性陳述視爲公司截至本來文發佈之日之後的任何日期的評估。
SOURCE: CXApp Inc.
資料來源：cxApp Inc.
