C3.ai, Inc. (AI) is currently priced at $8.92, marking a 1.42% increase from the previous session, with a trading volume of $1 million, 15.97% above the average. The asset's price change amounts to 12.5 cents, reflecting positive momentum.
In the latest quarterly report on Tuesday, February 24th, AI surpassed estimates with earnings per share of -0.29. The consensus estimate for revenue stood at $75.64 million, showcasing a robust financial performance.
AI reports a net change in cash of -$14.36 million, with operating cash flow at -$55.76 million. Noteworthy is the debt repayment of $171,000, and cash at the end of the period totaling $88.85 million.
The company generated revenue of $53.26 million, yielding a gross profit of $9.23 million. Operating expenses totaled $149.64 million, resulting in a net income of -$133.36 million and earnings per share of -95 cents.
Key ratios for AI include a quick ratio of 6.58, gross profit margin at 17.34%, and a price-to-sales ratio of 28.67. Notably, the return on equity stands at -18.54%, reflecting current financial challenges.
With total assets at $895.78 million and total liabilities at $176.30 million, AI maintains a solid financial position, supported by $533 million in short-term investments and $88.85 million in cash and cash equivalents.
This comprehensive overview illuminates AI's financial landscape, highlighting its resilience in the face of market fluctuations.
C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It provides C3 AI application platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina to for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 AI Data Vision that visualizes, understands, and leverages the relationships between data entities. It also offers C3 AI applications, including C3 AI Inventory Optimization, a solution to optimize raw material, in-process, and finished goods inventory levels; C3 AI Supply Network Risk, which provides visibility into risks of disruption throughout the supply chain operations; C3 AI Customer Churn Management, which enables account executives and relationship managers to monitor customer satisfaction, as well as to prevent customer churn with AI-based and human-interpretable predictions and warning; C3 AI Production Schedule Optimization, a solution for scheduling production; C3 AI Predictive Maintenance, which provides insight into asset risk to maintenance planners and equipment operators; C3 AI Fraud Detection solution that identify revenue leakage or maintenance and safety issues; and C3 AI Energy Management solution. In addition, it offers integrated turnkey enterprise AI applications for oil and gas, chemicals, utilities, manufacturing, financial services, defense, intelligence, aerospace, healthcare, and telecommunications market segments. It has strategic partnerships with Baker Hughes in the areas of oil and gas market; FIS in the areas of financial services market; Raytheon; and AWS, Intel, Google, and Microsoft. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was incorporated in 2009 and is headquartered in Redwood City, California.