Xiao-I Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	59.17	59.17	48.18	32.52	13.86
Revenue Growth (YoY)	22.79%	22.79%	48.15%	134.72%	-
Cost of Revenue	19.74	19.74	17.38	10.89	7.23
Gross Profit	39.42	39.42	30.81	21.64	6.63
Selling, General & Admin	8.96	8.96	9.94	11.28	10.26
Research & Development	52.39	52.39	24	5.36	4.24
Operating Expenses	61.35	61.35	33.94	16.64	14.5
Operating Income	-21.92	-21.92	-3.14	5	-7.87
Interest Expense	-2.32	-2.32	-2.44	-1.87	-1.03
Interest & Investment Income	0.08	0.08	-	-	-
Currency Exchange Gain (Loss)	0	0	-0.07	0.01	0.04
Other Non Operating Income (Expenses)	0.95	0.95	0.44	0.93	1.77
EBT Excluding Unusual Items	-23.22	-23.22	-5.2	4.07	-7.08
Gain (Loss) on Sale of Investments	-	-	-0.14	-0.16	-0.21
Pretax Income	-23.22	-23.22	-5.34	3.92	-7.29
Income Tax Expense	3.79	3.79	0.66	0.55	-0.24
Earnings From Continuing Operations	-27.01	-27.01	-6.01	3.37	-7.06
Minority Interest in Earnings	0.54	0.54	0.11	0.31	0.25
Net Income	-26.46	-26.46	-5.9	3.68	-6.81
Net Income to Common	-26.46	-26.46	-5.9	3.68	-6.81
Shares Outstanding (Basic)	71	71	66	66	66
Shares Outstanding (Diluted)	71	71	66	67	66
Shares Change (YoY)	6.92%	6.92%	-1.10%	1.12%	-
EPS (Basic)	-0.37	-0.37	-0.09	0.06	-0.10
EPS (Diluted)	-0.37	-0.37	-0.09	0.05	-0.10
Free Cash Flow	-17.95	-17.95	-11.03	-11.91	-3.48
Free Cash Flow Per Share	-0.25	-0.25	-0.17	-0.18	-0.05
Gross Margin	66.63%	66.63%	63.93%	66.53%	47.84%
Operating Margin	-37.05%	-37.05%	-6.51%	15.36%	-56.79%
Profit Margin	-44.73%	-44.73%	-12.24%	11.31%	-49.13%
Free Cash Flow Margin	-30.35%	-30.35%	-22.89%	-36.61%	-25.14%
EBITDA	-21.68	-21.68	-3.06	5.06	-7.8
EBITDA Margin	-36.64%	-36.64%	-6.34%	15.56%	-56.30%
D&A For EBITDA	0.24	0.24	0.08	0.07	0.07
EBIT	-21.92	-21.92	-3.14	5	-7.87
EBIT Margin	-37.05%	-37.05%	-6.51%	15.36%	-56.79%
Effective Tax Rate	-	-	-	14.10%	-
Revenue as Reported	59.17	59.17	48.18	32.52	13.86

Source: S&P Capital IQ. Standard template.