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. (NASDAQ: CXAI) is an AI-powered workplace and employee experience platform company focused on Agentic AI and spatial intelligence for large enterprises. This news page aggregates CXAI-related announcements, giving investors and observers a single view into how the company is evolving its platform, expanding enterprise deployments, and pursuing its AI roadmap.
Readers can expect coverage of topics such as enterprise renewals and new deployments across global, multi-campus environments, where CXAI is used to orchestrate people, spaces, and services in hybrid workplaces. News items highlight how Fortune 1000 and Fortune 500 customers use the CXAI platform for desk and room booking, navigation, workplace services, and real-time operational intelligence, as well as how these deployments support return-to-office and employee engagement strategies.
The feed also includes updates on CXAI’s Agentic AI initiatives, including its efforts to move from static analytics to AI-driven, autonomous workflows that can reason, recommend, and execute workplace tasks. Articles describe the evolution of CXAI VU for spatial intelligence and visualization, the CXAI BTS access, space, and content management system, and other platform components such as kiosks and digital assistants.
In addition, visitors will find news on strategic partnerships and ecosystem activity, including collaborations with major cloud providers and the announced intent to work with Noro on combining Agentic AI with immersive presence technology. Event-focused releases cover CXAI’s participation in industry conferences, executive forums, and investor presentations that discuss the future of work, hybrid workplace transformation, and AI-driven employee experience. Bookmark this page to follow how CXAI communicates its progress, customer momentum, and product developments over time.
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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