CXApp Stock Price, News & Analysis

CXApp Inc. (Nasdaq: CXAI), a leader in employee workplace experiences, has announced its 2024 Annual Meeting of Shareholders. The virtual-only meeting is scheduled for Thursday, August 29, 2024, at 12:00 PM Eastern Time. Shareholders can access the meeting at www.virtualshareholdermeeting.com/CXAI2024 starting at 11:45 AM ET using their control number.

Participants with a control number can ask questions and vote during the live meeting. Shareholders can also vote prior to the meeting at www.proxyvote.com. A replay of the meeting will be available on the company's website until August 29, 2025.

CXApp Inc. (Nasdaq: CXAI), a leader in employee workplace experiences, has appointed Joy Mbanugo as Chief Financial Officer. With over 22 years of financial leadership experience, Mbanugo brings expertise from roles at Google Cloud, BlackRock, and E&Y. Her most recent position was CFO at ServiceRocket, where she optimized EBITDA and drove growth. At Google Cloud, she played a important role in financial planning and system transformation.

Mbanugo will oversee CXAI's financial strategy and operations as the company expands globally. CEO Khurram Sheikh expressed enthusiasm about her joining the team, citing her extensive experience in financial management and strategic planning as valuable assets for CXAI's growth and development of AI-powered workplace solutions.

CXApp Inc. (Nasdaq: CXAI) announced its Q2 2024 financial results, marking significant progress in its transformation to an AI-native SaaS model. The company reported a 78% increase in renewal and expansion bookings compared to the same period last year, including its largest 'expansion' deal with a major financial sector customer. Key metrics improved, with subscription revenue reaching 85% of total revenue, gross margin increasing to 80%, and a net retention rate of 105%.

CXApp also announced a multi-year, multi-million dollar strategic agreement with Google Cloud for the development and delivery of advanced AI infrastructure, security, and application products. This partnership aims to enhance the CXAI platform, which integrates customer experience with AI to transform workplace efficiency and employee productivity.

CXApp Inc. (Nasdaq: CXAI), a leader in AI-powered employee workplace experiences, has announced its upcoming Q2 2024 financial results and business update conference call. The call is scheduled for August 12, 2024, at 4:30 PM Eastern Time. Led by Chairman and CEO Khurram Sheikh, the call will discuss financial results for the quarter ended June 30, 2024, and provide updates on the company's CXAI Platform.

Investors can access the call via telephone or webcast, with options for U.S. and international callers. A Q&A session will be available, allowing participants to submit questions prior to the call. A replay of the webcast will be accessible on the company's website until August 12, 2025, while a telephone replay will be available until August 26, 2024.

CXApp (Nasdaq: CXAI) filed its Q1 10Q on May 31st, 2024. This filing, delayed due to a prior business combination, shows the company is back on track with regulatory timelines. Key highlights include a record Net Retention Rate (NRR) of 108% for Q1'24, driven by renewals and expansions with seven large Fortune 1000 clients across five sectors. Subscription-based recurring revenue reached $1.58M, 87% of the total $1.818M revenue, marking the highest in the company's history. Gross margin improved to 82%. Operational cost structure optimization led to a 20% reduction in cash operating expenses from Q4'23 to Q1'24. The company continues to focus on AI-centric solutions to enhance workplace experiences.

CXApp (NASDAQ:CXAI) reported a record Net Retention Rate (NRR) of 108% in Q1 2024, largely due to renewals and expansions by seven Fortune 1000 clients across five sectors. The company also launched its AI-based Analytics Platform, CXAI VU, in collaboration with Google Cloud, aiming to transform workplace efficiency and employee engagement. Financially, CXApp achieved a gross margin of 82%, with subscription-based revenue comprising 87% of total revenue, marking a 6-point increase from the previous quarter. Additionally, operational costs were reduced by 20% compared to Q4 2023.

CXApp unveils its new AI-based analytics platform, CXAI VU ('SkyView'), in collaboration with Google Cloud. Launched on May 23, 2024, this platform aims to enhance workplace efficiency and employee engagement through advanced analytics. CXAI VU offers tailored solutions for HR, facilities, operations, and IT management, emphasizing space optimization, user engagement analytics, data-driven decision-making, and predictive analytics. The platform enables businesses to optimize environments, track app usage, and make data-driven decisions. CXApp's CEO, Khurram Sheikh, and CTO, Naresh Soni, highlight the potential of CXAI VU to revolutionize workplace experiences and promote a new category in enterprise software.

CXApp Inc. (Nasdaq: CXAI) announced the rescheduling of its Q1 2024 Earnings Call, initially set for today, to Thursday, May 23rd at 3:00pm Pacific Time. The call will discuss the company's financial results for the first quarter of 2024, ended March 31, 2024, and provide updates on the CXAI platform designed to enhance employee experiences using artificial intelligence.

CEO Khurram Sheikh will lead the call and announce a new product launch with a major industry partner. The call can be accessed by dialing 888-506-0062 (U.S.) or 973-528-0011 (international), with the access code 541331. A webcast will be available on the company's website, with replay options until May 23, 2025, for the webcast and June 6, 2024, for the telephone replay.

CXApp (NASDAQ: CXAI) has announced a conference call scheduled for May 21, 2024, at 4:30 PM ET to discuss their Q1 2024 financial results, which ended on March 31, 2024. The call will be led by Chairman and CEO Khurram Sheikh and will also provide an update on the company's AI platform advancements. Interested parties can join the call via toll-free numbers or access a webcast on the CXApp website. A replay will be available until June 4, 2024, via telephone and until May 21, 2025, on the company’s website.