CXApp Earnings Call Transcripts
Fiscal Year 2026
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The meeting introduced strategic transformation toward an AI platform, reviewed and approved all key shareholder proposals, and addressed questions on Nasdaq compliance and legal matters. Voting outcomes were positive, and future risks were acknowledged in line with SEC guidance.
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Q1 bookings rose 12.5% year-over-year to $1.4M, with $5M in new multi-year enterprise contracts and improved NRR to 98%. Revenue was $950K, gross margin 83%, and cash increased to $12.3M. Gartner recognition and Google Cloud partnership highlight strong market positioning.
Fiscal Year 2025
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2025 was a year of strategic reset, shifting to an AI-native, high-margin subscription model with improved gross margins and a strengthened cash position. Despite a revenue decline, operational efficiency and a robust pipeline set the stage for double-digit growth in 2026.
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The company delivers a unified workplace platform for large enterprises, driving space optimization, employee engagement, and productivity through advanced AI and analytics. With strong recurring revenue, high margins, and a robust pipeline, it targets rapid scaling via cloud partnerships and M&A, aiming for $100 million in revenue and category leadership in a $200 billion+ market.
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Q3 2025 saw improved profitability, higher gross margins, and a 99% subscription revenue mix. Major deployments, strategic partnerships, and product innovation drove strong client engagement, while a healthy cash position supports future growth.
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Q2 2025 saw strong ARR growth, higher subscription revenue, and improved gross margin, driven by major client renewals and new product launches. Strategic AI partnerships and innovation position the company to lead in the expanding employee experience market.
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Q1 2025 saw strong progress in recurring revenue, with subscription revenue at 99% and gross margin at 88%. Three large customer renewals and new product features drove platform adoption, while a timing shift in renewals caused a temporary revenue dip.
Fiscal Year 2024
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Achieved double-digit ARR growth, improved gross margin to 82%, and increased net retention rate to 100%. Transitioned to a profitable SaaS and AI business, launched new products, and secured additional funding, positioning for strong expansion in 2025.
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Q3 2024 saw record SaaS revenue, improved margins, and reduced losses, driven by strong recurring revenue and new AI-powered product launches. Expanded cloud partnerships and disciplined cost control position the company for continued growth and cash flow positivity.
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Q2 2024 saw record bookings, a major global expansion deal, and a multi-year Google Cloud partnership. Recurring revenue rose to 85%, gross margin exceeded 80%, and net retention hit 105%, reflecting strong SaaS transformation and enterprise growth.