Xiao-I Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	59.17	48.18	32.52	13.86
Revenue Growth (YoY)	22.79%	48.15%	134.72%	-
Cost of Revenue	19.74	17.38	10.89	7.23
Gross Profit	39.42	30.81	21.64	6.63
Selling, General & Admin	8.96	9.94	11.28	10.26
Research & Development	52.39	24	5.36	4.24
Operating Expenses	61.35	33.94	16.64	14.5
Operating Income	-21.92	-3.14	5	-7.87
Interest Expense / Income	2.32	2.44	1.87	1.03
Other Expense / Income	-1.57	-0.34	-1.1	-1.85
Pretax Income	-22.67	-5.24	4.23	-7.04
Income Tax	3.79	0.66	0.55	-0.24
Net Income	-26.46	-5.9	3.68	-6.81
Shares Outstanding (Basic)	24	22	22	22
Shares Outstanding (Diluted)	24	22	22	22
Shares Change	6.92%	-1.10%	1.12%	-
EPS (Basic)	-0.37	-0.09	0.06	-0.10
EPS (Diluted)	-0.37	-0.09	0.05	-0.10
Free Cash Flow	-17.95	-11.03	-11.81	-3.47
Free Cash Flow Per Share	-0.25	-0.17	-0.18	-0.05
Gross Margin	66.63%	63.93%	66.53%	47.84%
Operating Margin	-37.05%	-6.51%	15.36%	-56.79%
Profit Margin	-44.73%	-12.24%	11.31%	-49.13%
Free Cash Flow Margin	-30.35%	-22.89%	-36.31%	-25.03%
Effective Tax Rate	-	-	13.06%	-
EBITDA	-19.04	-1.9	7.36	-4.47
EBITDA Margin	-32.18%	-3.95%	22.62%	-32.25%
Depreciation & Amortization	1.31	0.9	1.26	1.55
EBIT	-20.35	-2.8	6.1	-6.02
EBIT Margin	-34.40%	-5.80%	18.75%	-43.43%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).