C3.ai Non-GAAP EPS of -$0.11 beats by $0.19, revenue of $86.6M beats by $2.2M
May 29, 2024 4:09 PM ET
By: Mary Christine Joy, SA News Editor
- C3.ai press release (NYSE: AI): Q4 Non-GAAP EPS of -$0.11 beats by $0.19.
- Revenue of $86.6M (+19.6% Y/Y) beats by $2.2M.
- Subscription Revenue: Subscription revenue for the quarter was $79.9 million, constituting 92% of total revenue, an increase of 41% compared to $56.9 million one year ago.
- Gross Profit: GAAP gross profit for the quarter was $51.6 million, representing a 60% gross margin. Non-GAAP gross profit for the quarter was $60.9 million, representing a 70% non-GAAP gross margin.
- Net Loss per Share: GAAP net loss per share was $(0.59)
- Cash Reserves: $750.4 million in cash, cash equivalents, and marketable securities.
- Free Cash Flow: Positive free cash flow of $18.8 million.
- The following table summarizes C3 AI’s guidance for the first quarter of fiscal 2025 and full-year fiscal 2025:
(in millions)
| First Quarter Fiscal 2025
Guidance
| | Full Year Fiscal 2025 Guidance
| Total revenue
| $84.0 - $89.0, vs. $85.89M consensus
| | $370.0 - $395.0, vs. $367.53M consensus
| Non-GAAP loss from operations
| $(22.0) - $(30.0)
| | $(95.0) - $(125.0)
|
|
