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iLearningEngines, Inc. - $AILE STOCK NEWS

Welcome to our dedicated page for iLearningEngines news (Ticker: $AILE), a resource for investors and traders seeking the latest updates and insights on iLearningEngines stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect iLearningEngines's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of iLearningEngines's position in the market.

Rhea-AI Summary
iLearningEngines, Inc. (NASDAQ: AILE) reported strong financial results for Q4 and FY 2023, with revenue increasing by 39% and 36% year-over-year respectively, reaching $116 million and $421 million. ARR grew by 43% to $447 million, with a NDR of 125%. Adjusted EBITDA margin expanded by 240 basis points in Q4 2023. The company also completed a successful business combination and began trading as a public company under the ticker 'AILE'. Key highlights include strong customer and partner growth, adding three new VARs, reaching 4.4 million licensed users, and appointing new members to its Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.89%
Tags
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Rhea-AI Summary
iLearningEngines, Inc. (Nasdaq: AILE) announced Nationwide Insurance will showcase the use of their Enterprise AI platform for proactive risk management at Insurance Innovators 2024. Mark McGhiey from Nationwide will discuss how AI is reshaping risk management and client training. The event will take place on April 22-23, 2024, in Nashville, Tennessee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.92%
Tags
AI
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Rhea-AI Summary
iLearningEngines, Inc. secures additional funding of $92.8 million through a Loan and Security Agreement with East West Bank, bringing total gross funds raised in connection with the Business Combination to approximately $92.8 million. The Revolving Facility provides iLE Holdings with a new senior secured revolving credit facility of up to $40 million, with an option to increase by an additional $20 million. The funding will support the company's growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-44.44%
Tags
none
Rhea-AI Summary
iLearningEngines, Inc. completes a business combination with Arrowroot Acquisition Corp., becoming a publicly traded company on Nasdaq under the ticker symbol 'AILE'. The company operates in the AI-powered learning automation and information intelligence sector, with significant growth opportunities in AI software, e-learning, and hyperautomation markets. iLearningEngines differentiates itself with proprietary AI technology and specialized data sets, driving revenue growth of 35% year-over-year. The company plans to disclose its full-year 2023 financial results soon, showcasing strong revenue growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-44.44%
Tags
iLearningEngines, Inc.

Nasdaq:AILE

AILE Rankings

AILE Stock Data

1.21B
134.97M
Services-prepackaged Software
United States of America
WESTON