Earnings Call Summary | CXApp(CXAI.US) Q4 2023 Earnings Conference
Earnings Call Summary | CXApp(CXAI.US) Q4 2023 Earnings Conference
The following is a summary of the CXApp Inc. (CXAI) Q4 2023 Earnings Call Transcript:
以下是CxApp Inc.（CXAI）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
CXApp Inc. reported a double-digit growth in Annual Recurring Revenue (ARR) for Q4 2023.
The company's subscription revenue constituted 81% of total revenue, signifying the successful shift to a recurring revenue model.
Gross margins stayed robust at 80% with a reduction in operating expenses by 56% in the same quarter.
For the year 2023, an 80% increase in ARR for new bookings for its SuperApp product was reported.
The company saw an uplift in ARR by 24% within the year.
The subscription revenue mix for the year also rose from 65% to 78%.
CXApp Inc. registered a 37% year-on-year reduction in GAAP Operating Expense, resulting in savings around $13.2M.
cxApp Inc. 报告称，2023年第四季度的年度经常性收入（ARR）实现了两位数的增长。
该公司的订阅收入占总收入的81％，标志着向经常性收入模式的成功转变。
毛利率保持强劲的80％，同期运营支出减少了56％。
据报道，2023年，其SuperApp产品新预订的ARR增长了80％。
该公司的ARR在年内增长了24％。
该年度的订阅收入组合也从65％上升到78％。
CxApp Inc.的GAAP运营费用同比减少了37％，从而节省了约1320万美元。
Business Progress:
业务进展：
CXApp Inc., rebranded to CXAI, is focusing on transforming work experiences with the employee-first approach.
Significant customer acquisitions, including new Fortune 500 companies, were achieved.
The company filed 37 patents with 17 already granted and is expanding through partnerships, the latest being with Google Cloud.
Strategic initiatives for 2024 include scaling existing businesses globally, new client acquisitions, constant platform innovation, and expansion through partnerships.
CXAI has entered into a co-investment partnership for the CXAI platform focused on product innovation, faster deployment, and usage of cutting-edge tools.
The company's listing on the Google marketplace is geared towards customer base expansion and boosted solution delivery.
CXApp Inc. currently has a strong global presence with its solutions implemented in 59 countries and 280 cities.
Further, the company is aiming to pioneer in developing 'employee experiences' solutions in the software industry.
The unveiling of the new CXAI platform and brand demonstrates the company's commitment to persistent progression and business transformation.
CxApp Inc. 更名为CXAI，专注于通过员工至上的方法改变工作体验。
收购了大量客户，包括新的财富500强公司。
该公司申请了37项专利，其中17项已经获得授权，并且正在通过合作伙伴关系进行扩展，最新的一项是与谷歌云的合作。
2024年的战略举措包括在全球范围内扩大现有业务、收购新客户、持续的平台创新以及通过合作伙伴关系进行扩张。
CXAI已建立CXAI平台的联合投资合作伙伴关系，专注于产品创新、更快的部署和尖端工具的使用。
该公司在谷歌市场的上市旨在扩大客户群和促进解决方案交付。
cxApp Inc. 目前在全球拥有强大的影响力，其解决方案已在59个国家和280个城市实施。
此外，该公司的目标是率先开发软件行业的 “员工体验” 解决方案。
新CXAI平台和品牌的推出表明了公司对持续发展和业务转型的承诺。
More details: CXApp IR
更多详情： cxApp IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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