C3 AI Inc. (NYSE:AI) posted its fourth-quarter results after Wednesday’s closing bell, beating analyst estimates on the top and bottom lines. Here's a look at the details inside the report.
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C3 AI Q4 Details
C3 AI reported a quarterly adjusted loss 33 cents per share, beating the estimate for a loss of 37 cents, according to Benzinga Pro data.
Quarterly revenue came in at $51.6 million, which beat the Street estimate of $50.24 million.
- Subscription Revenue was $48.4 million, constituting 94% of total revenue.
- Subscription and Prioritized Engineering Services Revenue combined was $50.5 million, constituting 98% of total revenue.
- Non-GAAP gross profit was $19.3 million, representing a 37% non-GAAP gross margin.
“We have a well-defined strategy, a restructured organization, new executive leadership, and a detailed execution plan now in place with the singular focus of increasing shareholder value through topline revenue growth, cash generation, and non-GAAP profitability. Game on,” said Thomas M. Siebel, CEO of C3 AI.
“The sales performance over recent quarters has been entirely unacceptable, to the point of surreal,” Siebel continued. “We are here to fix it.”
Looking Ahead
C3 AI expects fiscal 2027 revenue of $210 million to $240 million, versus the $224.7 million analyst estimate.
AI Stock Price Activity: According to data from Benzinga Pro, C3 AI stock climbed 11.02% to $11.89 in Wednesday's extended trading.
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