CXApp Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CXApp (NASDAQ:CXAI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.90m (up 7.2% from 3Q 2023).
• Net loss: US$5.00m (down by 447% from US$1.44m profit in 3Q 2023).
• US$0.32 loss per share (down from US$0.13 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CXApp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 67% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for CXApp that you should be aware of before investing here.

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