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
Double Digit RPO Growth
两位数 RPO 增长
Signed Largest Fortune 100 Deal To-Date
签署了迄今为止最大的《财富》100强合约
CXAI Platform to Launch in December
CXAI 平台将于十二月上线
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 .
加利福尼亚州帕洛阿尔托/2023 年 11 月 14 日/ cxApp Inc （纳斯达克股票代码：CXAI）， 员工工作场所体验领域的全球技术领导者公布了2023年第三季度的财务业绩。10-Q已于今天向美国证券交易委员会提交，并将在公司网站上公布。
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董事长兼首席执行官Khurram Sheikh表示：“CXAI SaaS平台立足于客户体验（CX）和人工智能（AI）的交汇点，为工作场所提供数字化转型，以增强人、地点和事物的体验。
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:
随着我们在塑造未来工作的道路上取得进展，我们很高兴地宣布以下财务业绩和业务更新：
1. |
Financial Performance |
1。 |
财务业绩 |
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。 |
第三季度的一个关键亮点是我们在剩余业绩义务（RPO）方面实现了创纪录的增长。我们的待办事项数量实现了创纪录的增长，通过与现有客户的扩张以及签约新客户相结合，我们的RPO连续两位数增长。 |
b. |
We have optimized the operational cost structure with a net 56% operating expense reduction year over year. |
b。 |
我们已经使用净值优化了运营成本结构 56% 运营费用逐年减少。 |
c. |
Our subscription-based recurring revenue was 80% of the total revenue, up from 25% of total from last year. |
c。 |
我们的 基于订阅的定期付款 收入是 80% 占总收入的，高于 25% 占去年的总数。 |
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。 |
我们的 毛利率 本季度是 80%（高于上个季度的75％）， 这是一个有吸引力的数字，随着我们订阅收入的增加，这个数字可能会增加。 |
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 的战略 '着陆和扩张' 也仍然是我们现有客户群订阅收入增长的关键贡献者，而且我们已经看到订阅收入增长了两位数 ARR 自去年年底以来。 |
2. |
Largest Customer Addition |
2. |
新增的客户最多 |
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。 |
第三季度的一个关键亮点是被全球最大的媒体组织之一选中签订七位数协议。经过严格的尽职调查流程（客户对多个供应商进行了评估），我们最终获得了一份最初为期三年的大型订阅合同。在我们启动首次部署时，通过扩展和基于价值的应用程序，也具有诱人的增长潜力。这建立在我们在第二季度赢得大客户的势头之上，我相信这表明，尽管我们的规模很小，但大型公司对我们当前的解决方案和人工智能之路感到兴奋，并且正在以越来越快的速度与我们合作。 |
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。 |
我们最先进的技术平台基于 37 申请的专利，以及 17 其中已经获得批准。这项重要的知识产权不仅使我们公司成为技术领跑者，还确保了我们作为行业先驱的地位。 |
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。 |
我们的 AI 工具和模型 建立在我们的全栈软件解决方案的坚实基础之上，该解决方案使用室内测绘和设备端定位技术以及从我们的企业应用程序收集数百万个数据点的数据来提供情境感知。这个新领域 空间智能 在重新定义工作场所环境的同时，创造了个性化工作场所体验的机会。 |
c. |
CXAI Platform |
c。 |
CXAI 平台 |
d. |
Generative AI |
d。 |
生成式人工智能 |
e. |
Experiential Analytics |
e。 |
体验式分析 |
f. |
CXAI Platform Launch: |
f。 |
CXAI 平台发布： |
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.
我们的重点一直是提供尖端的解决方案，为我们的用户提供支持，我很高兴看到 CXAI 平台和令人兴奋的新人工智能应用程序将如何改变员工体验。
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总结道：“我们对本季度在使用我们的尖端技术解决方案塑造未来工作方面取得的巨大进展感到兴奋。我们的使命是定义企业软件的新类别： 员工体验。 我们在全球和所有主要领域拥有令人惊叹的多元化客户群，准备通过我们的下一代人工智能平台进行大规模扩展。最重要的是，我们的领导团队和董事会在领导行业转型和扩大规模开发新市场方面有着良好的记录。我们期待在今年12月分享我们的CXAI平台的详细信息。”
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.
本新闻稿仅供参考，既不是要购买任何证券，也不是要约出售、认购或购买任何证券，也不得在任何司法管辖区进行任何违反适用法律的出售、发行或转让或证券。
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.
关于 cxApp Inc
CxApp Inc. 是员工工作场所体验领域的全球技术领导者。该公司总部位于旧金山湾区，运营基于客户体验（CX）和人工智能（AI）交叉点的CXAI SaaS平台，为工作场所提供数字化转型，以增强人、地点和事物的体验。
CXApp's customers include major Fortune 500 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
cxApp 的客户包括科技、金融服务、消费者、医疗保健和媒体娱乐垂直领域的大型《财富》500强全球公司。
CONTACT:
联系人：
CXApp Inc.
marketing@cxapp.com
cxApp Inc.
marketing@cxapp.com
Forward-Looking Statements
前瞻性陈述
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.
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SOURCE: CXApp Inc.
来源： cxApp Inc.