Welcome to our dedicated page for CXApp news (Ticker: CXAI), a resource for investors and traders seeking the latest updates and insights on CXApp stock.
CXApp Inc (CXAI) delivers AI-powered workplace experience solutions through its mobile-first SaaS platform, enabling enterprises to streamline communications and optimize hybrid work environments. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find timely updates on strategic partnerships with technology leaders, product innovation in spatial analytics, and financial performance metrics. Our curated news collection covers earnings reports, leadership changes, platform enhancements, and CXAI's evolving role in enterprise digital transformation.
Key content includes updates on Google Cloud integrations, AWS Marketplace deployments, and AI-driven workplace analytics solutions. Bookmark this page for direct access to CXAI's regulatory filings, event participation details, and technology partnership announcements that shape the future of intelligent workplace ecosystems.
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.
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