Fool.com contributor Parkev Tatevosian evaluates C3.ai (AI -2.31%) across several financial metrics, including valuation, to determine if investors should buy this artificial intelligence (AI) stock on the dip. *Stock prices used were the afternoon prices of Dec. 21, 2023. The video was published on Dec. 23, 2023. ...

Since the generative artificial intelligence (AI) chatbot ChatGPT hit the scene in late 2022, investors have scrambled to stake their claim on what promises to become a revolutionary growth opportunity. With its shares up by a whopping 162% year to date, C3.ai (AI -1.04%) has been a big beneficiary of this trend in 2023. Does the company have what it takes to maintain its near-term success over the next half-decade? Let's take a look.What is C3.ai?C3.ai is a company in flux -- constantly shuffling its strat ...

C3.ai (AI 0.47%) is a pure-play artificial intelligence (AI) business. It helps provide AI solutions to companies in various industries, which suggests it should benefit from more businesses showing an interest in AI this year.But the company's performance doesn't appear to suggest that, at least not yet. Coming off another disappointing quarterly result, shares of C3.ai continue to fall. Has this become a cheap AI stock to own, or are there too many problems to make this an investment worth taking a chance ...

C3.ai, Inc. (NYSE:AI) Q2 2024 Results Conference Call December 6, 2023 5:00 PM ET Company Participants Amit Berry - IR Tom Siebel - Chairman and CEO Juho Parkkinen - CFO Conference Call Participants Timothy Horan - Oppenheimer Mike Cikos - Needham & Company Kingsley Crane - Canaccord Genuity Owen Hobbs - JMP Securities Operator Good day, and thank you for standing by. Welcome to the C3 AI Second Quarter Fiscal Year ‘24 Conference Call. At this time, all participants are in a listen-only mode. After the spea ...

Revenue Growth and Performance - C3 AI's total revenue for the three and six months ended October 31, 2023, was $73.2 million and $145.6 million, respectively, representing a 17% and 14% increase compared to the same period last year[152] - Subscription revenue grew to $66.4 million and $127.8 million for the three and six months ended October 31, 2023, respectively, representing a 12% and 10% increase compared to the same periods last year[152] - Total revenue for October 31, 2023 was $73,229 thousand, representing a 17% year-over-year growth[157] - Total revenue increased by $10.8 million (17%) for the three months ended October 31, 2023, compared to the same period last year[212] - Subscription revenue increased by $6.9 million (12%) for the three months ended October 31, 2023, compared to the same period last year, with 24% from new customers and 76% from existing customers[212] - Professional services revenue increased by $3.9 million (134%) for the three months ended October 31, 2023, primarily due to an increase in prioritized engineering services[213] - Subscription revenue accounted for 91% of total revenue for the three months ended October 31, 2023, compared to 95% in the same period last year[212] Subscription and Professional Services Revenue - Professional services revenue represented 9% and 5% of total revenue for the three months ended October 31, 2023 and 2022, respectively, and 12% and 9% for the six months ended October 31, 2023 and 2022, respectively[151] - Subscription revenue includes term licenses, stand-ready COE support services, trials, pilots, and software-as-a-service offerings, with contracts generally being non-cancellable and non-refundable[191] - Professional services revenue includes implementation services, training, and prioritized engineering services, typically offered as fixed-fee engagements with durations of less than 12 months[192] Pricing Model and Customer Engagement - The company transitioned to a consumption-based pricing model, which initially decreased revenue growth but is expected to increase customer engagement and system consumption over time[153][154] - The company transitioned to a consumption-based pricing model, allowing customers to pay based on monthly vCPU and vGPU usage[159] - The company expects to attract new customers with its consumption-based pricing model, particularly for the C3 AI Platform and C3 AI Applications[176] - Customer Engagement reached 404 as of October 31, 2023, an 81% year-over-year growth and 21% quarter-over-quarter growth[157] - Customer Count increased to 244 as of April 30, 2023, with a 9% year-over-year growth[157] Product Offerings and Innovation - The company's C3 Generative AI Product Suite combines large language models, generative AI, reinforcement learning, and natural language processing to enhance information retrieval and presentation[134] - C3 AI expanded its product offerings to include over 40 AI production applications across various industries, including utilities, oil & gas, financial services, and defense[147] - The company launched the C3 Generative AI Suite, including 28 new domain-specific generative AI offerings in Q1 FY2024[177] - C3 Generative AI—AWS Marketplace Edition was listed on AWS Marketplace in Q3 FY2024, offering a no-code, self-service generative AI application[178] - The company's data science division was formed to develop and apply AI techniques, including machine learning and predictive analytics, to its applications[142] Financial Metrics and Obligations - The company's RPO (Remaining Performance Obligations) decreased from $477,421 thousand to $303,552 thousand over the reported periods[156] - Remaining Performance Obligations (RPO) were $303.6 million as of October 31, 2023, down from $381.4 million as of April 30, 2023[168] - C3 AI booked over $1.2 billion in additional contracts and recognized $951.1 million in revenue from 2019 to 2023[147] - The company's contractual obligations primarily consist of operating lease commitments for facilities and non-cancellable purchase commitments for third-party cloud hosting services[240] Expenses and Profitability - Cost of subscription revenue increased by $11.8 million (61%) for the three months ended October 31, 2023, primarily due to higher personnel-related costs and increased stock-based compensation[215] - Gross profit margin decreased to 56% for the three months ended October 31, 2023, compared to 67% in the same period last year[209] - Total operating expenses increased to $120.5 million for the three months ended October 31, 2023, compared to $113.6 million in the same period last year[206] - Net loss for the three months ended October 31, 2023, was $69.8 million, compared to $68.9 million in the same period last year[206] - Stock-based compensation expense totaled $53.2 million for the three months ended October 31, 2023, compared to $56.0 million in the same period last year[208] - Gross profit for the three months ended October 31, 2023 decreased by $543 thousand (1%) compared to the same period last year, reaching $41.113 million[218] - Gross profit for the six months ended October 31, 2023 decreased by $6.896 million (8%) compared to the same period last year, reaching $81.662 million[218] - Subscription margin for the three months ended October 31, 2023 decreased to 53% from 68% in the same period last year, primarily due to increased personnel-related costs and stock-based compensation[218] - Professional services margin for the three months ended October 31, 2023 increased to 83% from 45% in the same period last year, driven by a higher mix of prioritized engineering services[218] - Total operating expenses for the three months ended October 31, 2023 increased by $6.887 million (6%) compared to the same period last year, reaching $120.509 million[220] - Sales and marketing expenses for the three months ended October 31, 2023 increased by $4.959 million (11%) compared to the same period last year, primarily due to higher marketing and personnel-related costs[220] - Research and development expenses for the six months ended October 31, 2023 decreased by $4.661 million (4%) compared to the same period last year, primarily due to lower personnel-related costs[222] - The company expects sales and marketing expenses to increase in absolute dollars but decline as a percentage of total revenue over time as the business scales[197] - Research and development expenses are expected to increase in absolute dollars but decline as a percentage of total revenue over the long term[199] Cash Flow and Financial Position - Free cash flow for the six months ended October 31, 2023 was $(64.035) million, compared to $(131.823) million in the same period last year[232] - The company had $149.0 million in cash and cash equivalents and $613.3 million in marketable securities as of October 31, 2023, with an accumulated deficit of $944.4 million[233] - Net cash used in operating activities for the six months ended October 31, 2023 was $44.7 million, compared to $90.8 million for the same period in 2022[236][237] - Net cash used in investing activities for the six months ended October 31, 2023 was $96.7 million, primarily due to purchases of marketable securities of $489.9 million and capital expenditures of $19.4 million[238] - Net cash provided by financing activities for the six months ended October 31, 2023 was $5.5 million, driven by $10.2 million from the exercise of stock options and $5.1 million from the issuance of Class A common stock under the ESPP[239] - As of October 31, 2023, the company had cash, cash equivalents, and marketable securities of $762.3 million, compared to $812.4 million as of April 30, 2023[245] - The company's net loss for the six months ended October 31, 2023 was $134.1 million, adjusted for non-cash items including stock-based compensation of $104.0 million and depreciation and amortization of $6.2 million[236] - The company's cash outflows related to changes in operating assets and liabilities for the six months ended October 31, 2023 were $12.5 million, primarily due to an increase in accounts receivable of $8.6 million and a decrease in deferred revenue of $7.3 million[236] - The company's capital expenditures for the six months ended October 31, 2023 were $19.4 million, mainly related to leasehold improvements for new leased space[238] International Revenue and Market Expansion - The company derived 17% and 23% of total revenue from international customers for the three months ended October 31, 2023 and 2022, respectively[189] - The company plans to expand into new industries such as telecommunications, pharmaceuticals, and healthcare, where it currently has limited presence[174] - The company's go-to-market strategy includes partnerships with hyperscale cloud providers like AWS, Microsoft Azure, and Google Cloud[162] Partnerships and Agreements - Baker Hughes' revenue commitments under the partnership agreement were revised to $85.0 million, $110.0 million, and $125.0 million for the fiscal years ending April 30, 2023, 2024, and 2025, respectively[186] - The company revised its arrangement with Baker Hughes in January 2023, resulting in an increase of $32.5 million in the transaction price[187] Inflation and Financial Controls - The company does not believe inflation has had a material effect on its business, results of operations, or financial condition[247] - The company's disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by the Quarterly Report[250] - No changes in internal control over financial reporting were identified that materially affected or are likely to materially affect the company's financial reporting[251] - The effectiveness of internal control over financial reporting is subject to inherent limitations, including human error and resource constraints[252] - The company intends to continue monitoring and upgrading internal controls as necessary, but cannot guarantee their effectiveness[252] Legal and Risk Management - There are currently no pending legal claims or actions that could have a material adverse effect on the company's operations, financial condition, or cash flows[254]

C3.ai, Inc. (NYSE:AI) Q1 2024 Earnings Conference Call September 6, 2023 5:00 PM ET Company Participants Amit Berry - Investor Relations Thomas Siebel - Chairman and Chief Executive Officer Juho Parkkinen - Senior Vice President and Chief Financial Officer Conference Call Participants Patrick Walravens - JMP Securities Mike Cikos - Needham Kingsley Crane - Canaccord Genuity Noah Herman - JPMorgan Sanjit Singh - Morgan Stanley Eric Heath - KeyBanc Capital Markets Operator Good day and thank you for standing ...

Financial Performance - Total revenue for the three months ended July 31, 2023, was $72.4 million, an 11% increase compared to the same period last year[125]. - Subscription revenue grew to $61.4 million for the three months ended July 31, 2023, representing an 8% increase year-over-year[125]. - Professional services revenue accounted for 15% of total revenue for the three months ended July 31, 2023, compared to 13% in the same period last year[124]. - Total revenue for the three months ended July 31, 2023, was $72,362,000, an increase of 11% compared to $65,308,000 in the same period of 2022[176]. - Subscription revenue increased by 8% to $61,352,000, accounting for 85% of total revenue, while professional services revenue rose by 33% to $11,010,000[178][181]. - Gross profit decreased by 14% to $40,549,000, with a gross margin of 56%, down from 72% in the prior year[185]. - Net loss for the period was $64,358,000, compared to a net loss of $71,871,000 in the same period last year[176]. - Free cash flow for the three months ended July 31, 2023, was $(8,902,000), an improvement from $(54,794,000) in the prior year[195]. - The provision for income taxes was $148,000, a decrease of 17% from $179,000 in the same period last year[193]. - Net cash provided by operating activities for the three months ended July 31, 2023, was $3.9 million, a significant improvement from a net cash used of $38.3 million in the same period of 2022[198][199]. - Cash used in investing activities for the three months ended July 31, 2023, was $84.8 million, primarily due to purchases of investments totaling $322.5 million[200]. - The company generated $2.5 million from financing activities during the three months ended July 31, 2023, compared to $1.1 million in the same period of 2022[202]. - The company reported an accumulated deficit of $874.6 million as of July 31, 2023, and expects to continue incurring operating losses in the upcoming quarters[196]. Customer Metrics - Customer Engagement increased to 334 as of July 31, 2023, up from 223 in the same period last year[137]. - The company expects an increase in the number of customers as organizations prioritize digital transformation, with a decrease in average total subscription contract value and revenue from lighthouse customers as a percentage of total revenue[145]. - The company anticipates attracting new customers with a consumption-based pricing model for the C3 AI Platform and C3 AI Applications[146]. Revenue Composition - Remaining Performance Obligations (RPO) were $334.6 million as of July 31, 2023, down from $381.4 million as of April 30, 2023[138]. - RPO included $41.0 million related to deferred revenue and $293.6 million from non-cancellable contracts as of July 31, 2023[139]. - Approximately 15% and 21% of total revenue for the three months ended July 31, 2023, and 2022, respectively, was derived from international customers, indicating growth potential in international markets[158]. - Revenue from existing customers included a decrease of $5.7 million related to the Baker Hughes arrangement for the three months ended July 31, 2023[181]. Strategic Initiatives - The company transitioned to a consumption-based pricing model for new customers, which is expected to accelerate revenue growth in the medium to long term[138]. - C3 AI's go-to-market strategy focuses on large organizations in various industries, including oil and gas, aerospace, and financial services[126]. - The company aims to expand into industries with significant market opportunities, such as telecommunications and healthcare[144]. - The company has a strategic partnership with Baker Hughes, with minimum revenue commitments increasing to $150 million by the fiscal year ending April 30, 2024[153]. - The company anticipates needing additional capital to support its strategic initiatives and may seek additional equity or debt financing in the future[197]. Investment and Expenses - Operating expenses totaled $114,642,000, a decrease of 5% from $120,111,000, with sales and marketing expenses increasing by 2%[188]. - Sales and marketing expenses are anticipated to increase in absolute dollar amounts, while the percentage of total revenue is expected to decline over time[168]. - General and administrative expenses are projected to increase in absolute dollars due to public company operating costs, but are expected to decline as a percentage of total revenue in the long term[172]. - The company plans to maintain high levels of investment in product innovation, expecting research and development spending as a percentage of total revenue to decline over the long term[148]. - Research and development investments will continue to drive core technology innovation, with customers developing nearly two-thirds of applications currently in production on the C3 AI Platform[147]. Economic Conditions - The company faces potential impacts from macroeconomic conditions, including inflation and supply chain disruptions, which may affect customer budgets and consumption[159]. - The company does not believe that inflation has materially affected its business or financial condition[213]. Internal Controls - There were no changes in internal control over financial reporting that materially affected the company's reporting during the period covered[216]. - The management concluded that the disclosure controls and procedures were effective at a reasonable assurance level as of the end of the reporting period[215]. - The company recognizes inherent limitations in the effectiveness of its internal controls, including the potential for misconduct and resource constraints[217].

Operating History and Financial Performance - The company has a limited operating history since its founding in 2009, making it difficult to forecast future results and growth[172] - The company has a history of operating losses, with net losses of $268.8 million and $192.1 million for the fiscal years ended April 30, 2023 and 2022, respectively, and an accumulated deficit of $810.2 million as of April 30, 2023[188] Customer Concentration and Revenue Risks - A significant portion of the company's revenue comes from a limited number of customers, and any reduction in demand or termination of contracts with these customers could adversely impact revenue[173][174] - The company's average total subscription contract value is decreasing and is expected to continue to decrease as it expands its customer base to include smaller customers[174] - Individual sales represent a large proportion of overall sales, making cash flow and margin planning challenging due to unpredictable timing[202] Growth Strategy and Market Adoption - The company's future success depends on its ability to attract new customers and sell additional subscriptions to existing customers, as well as secure renewals[176][177][179] - The company has limited experience in supporting or selling to smaller, non-enterprise customers, which poses risks to its growth strategy[180] - The company's revenue growth depends on market adoption of Enterprise AI software, which remains uncertain despite growing demand for data management and analytics platforms[216] Competition and Market Risks - The company faces intense competition from various sources, including internal IT organizations, commercial software providers, open source software providers, and public cloud providers[192][193] - Larger competitors with broader product lines and greater resources may leverage their relationships and offerings to discourage potential customers from subscribing to the company's C3 AI Software[196] - New innovative start-up companies and larger companies investing in R&D may introduce products with superior performance or functionality, posing additional competitive challenges[197] Sales Cycle and Pricing Models - The average sales cycle for C3 AI Software subscriptions is approximately 3.7 months, but can extend over several years for large organizations[201] - Large organizations may demand additional features, support services, and pricing concessions, potentially lengthening the sales cycle and increasing implementation time[201] - The company introduced a consumption-based pricing model in Q2 FY2023, allowing customers to pay based on monthly vCPU hours, which may lead to unpredictable revenue recognition timing[206] Strategic Partnerships and Risks - Strategic partnerships, such as with Baker Hughes, AWS, and Microsoft, are critical for growth, but exclusivity provisions and partner performance could limit future opportunities[210][211] - The company faces risks if strategic partners prioritize competing platforms or fail to comply with contractual obligations, potentially impacting revenue and operations[213] - Government contracts through channel partners may be subject to termination or renegotiation, posing risks to revenue stability[214] Technological and Product Risks - Rapid technological changes and evolving customer demands require continuous R&D investment to enhance C3 AI Software and maintain competitiveness[218] - New features and enhancements must achieve high market acceptance to justify upfront development costs, with no guarantee of customer adoption[219] - Introduction of new C3 AI Software capabilities may lead to a decline in revenue from existing software, as customers may delay ordering new subscriptions or hesitate to migrate due to complexity and performance concerns[220] - Competitors' introduction of new AI platforms or technologies could render C3 AI Software obsolete, potentially harming the company's business, operations, and financial condition[223] Leadership and Management Risks - The company's success heavily relies on its CEO and senior management team, particularly founder and CEO Thomas M. Siebel, whose loss could hinder business strategy execution[225] - Rapid growth may strain management, operational, and financial resources, making it difficult to forecast future results and manage expansion effectively[233] Sales and Marketing Challenges - Expanding marketing and sales capabilities is critical for increasing the customer base and achieving broader market acceptance of C3 AI Software[227] - The company faces challenges in recruiting and training qualified sales representatives, which is time-consuming and resource-intensive, potentially delaying productivity[228] - Failure to effectively promote and maintain the company's brand and reputation could harm customer acquisition and retention, impacting financial condition[232] Product Interoperability and Quality Risks - Ensuring C3 AI Software interoperability with third-party applications is crucial, as failure to do so could reduce competitiveness and harm the business[236] - Real or perceived defects or errors in C3 AI Software could harm the company's reputation, lead to legal liability, and negatively impact business operations[238] Talent Acquisition and Retention - Attracting and retaining qualified personnel is essential for executing the company's business strategy, but competition for skilled employees is intense[240] Revenue Recognition and Subscription Risks - Revenue recognition for C3 AI Software subscriptions is deferred over the subscription term, making immediate impact of new sales difficult to discern[249][250] - A decline in new or renewed subscriptions may only minimally affect current revenue but will negatively impact future periods[250] - Growth in new customers could lead to higher costs and lower revenue in the early periods of subscriptions due to the subscription-based revenue model[250] Customer Support and Maintenance Risks - Customer maintenance and support services are critical, and failure to provide high-quality services could harm customer relationships and business reputation[251][252] - Increased customer demand for maintenance and support services without corresponding revenue could raise costs and negatively affect operating results[252] Macroeconomic and Pandemic Risks - Macroeconomic uncertainties, including inflation, labor shortages, and supply chain disruptions, may reduce demand for C3 AI Software and lengthen sales cycles[255] - The prolonged COVID-19 pandemic continues to create economic uncertainties, potentially impacting the company's business and operations[256] Data Privacy and Security Compliance - Compliance with evolving data privacy and security laws, such as GDPR and CCPA, could result in significant fines, penalties, and operational disruptions[258][260][262] - Cross-border data transfer restrictions under GDPR and UK GDPR may increase compliance costs and limit business operations[263][264] - Increasing regulation of AI and similar technologies in the U.S. and Europe may require changes to business practices and products[268] Cybersecurity and Data Risks - C3 AI Software processes sensitive customer data, including personal, financial, and health information, and relies on third-party cloud providers like AWS, Microsoft Azure, and Google Cloud[270] - Cyber-attacks, including ransomware and nation-state attacks, are increasing and pose significant risks to the company's operations and data security[272] - The company faces potential disruptions from security incidents, which could lead to litigation, regulatory actions, reputational harm, and financial losses[273] - Costs to respond to security breaches could be significant, and mandatory breach notifications may lead to negative publicity and customer loss of confidence[275] - The company has successfully prevented unauthorized access in the past but cannot guarantee future success against increasingly sophisticated cyber threats[276] - A security incident could result in government enforcement actions, litigation, and reputational damage, potentially forcing changes to business practices[278] - The company may not have adequate insurance coverage for security incidents, and damages could exceed available insurance limits[279] Infrastructure and Operational Risks - Disruptions or outages in C3 AI Software or public cloud infrastructure could harm the company's business, reputation, and financial results[283] - The company relies on third-party data centers in the U.S., Asia, and Europe, and any interruptions could cause significant service delays and expenses[285] Currency and International Sales Risks - For fiscal years 2023 and 2022, 8% and 13% of revenue, respectively, were denominated in foreign currencies, exposing the company to currency exchange rate fluctuations[287] - 21% of the company's revenue for the fiscal year ended April 30, 2023, was generated from customers outside of North America, with operations in over 15 countries[310] - The company plans to expand international operations, including opening new offices and offering C3 AI Software in additional languages, but faces risks such as compliance with international laws and longer payment cycles[310][311] - Political actions, including trade protection and national security policies, could limit the company's ability to provide C3 AI Software in certain international markets, such as Russia and Ukraine[312] - The company may face increased cybersecurity risks due to political instability in regions like Russia and Ukraine, potentially disrupting operations and supply chains[313] - The company's business partners with international operations may also face risks, which could indirectly impact the company's performance[314] Government Contracts and Compliance - Sales to government entities and highly regulated organizations face challenges such as high competition, long sales cycles, and potential funding delays due to public sector budgetary cycles[288][289] - Government contracts often require shorter subscription terms (e.g., one-year subscriptions) and may include preferential pricing terms like "most favored customer" pricing[289][290] - Compliance with government contracting laws and regulations may lead to audits, investigations, and potential penalties, impacting the company's ability to do business with government customers[292] - The company's U.S. government contracts require employees to maintain security clearances, and failure to do so could result in contract termination or inability to bid on new classified contracts[295] Financing and Tax Risks - The company may require additional financing in the future, and failure to secure favorable terms could impair business growth and development efforts[299] - The company has net operating loss carryforwards (NOLs) of $487.6 million (federal) and $187.8 million (state), but their utilization may be limited by tax laws[337] - The company may face tax liabilities due to changes in sales tax regulations, including potential retroactive taxes on past sales[329] Intellectual Property and Legal Risks - The company relies on patents, trade secrets, and other intellectual property protections, but faces risks from litigation and claims of infringement[340] - Indemnity provisions in agreements expose the company to potential liability for intellectual property infringement and other losses[340] - The company has 16 issued patents in the United States and 12 counterpart patents internationally, with 37 patent applications pending in the U.S. and 70 internationally as of April 30, 2023[344] - The company's issued patents expire between 2033 and 2039, with pending applications undergoing or expected to undergo examination soon[344] - The company relies on third-party open source software, which may expose it to legal claims, compliance risks, and potential disclosure of proprietary source code[347] - Use of open source software may increase security risks and lower barriers to entry for competitors, potentially harming the company's competitive position[348][349] - The company depends on open source software programmers, including those not employed by the company, to develop and enhance its C3 AI Software[353] - The company's software development could be negatively impacted if the Apache License 2.0 is deemed unenforceable or modified to conflict with other open source licenses[355] Stock Market and Governance Risks - The company's Class A common stock is subject to significant price volatility due to market conditions, analyst expectations, and competitive developments[358][359] - The company faces risks from short seller activity, which could lead to regulatory scrutiny and negatively impact its stock price and operations[364] - The dual-class stock structure concentrates voting control with Class B shareholders, limiting the influence of Class A shareholders on corporate decisions[365] - Mr. Siebel and related entities own approximately 87.8% of Class B common stock and 21.8% of Class A common stock, representing 56.2% of the voting power[366] - Each share of Class B common stock will convert to Class A common stock under specific conditions, potentially increasing Mr. Siebel's voting power over time[367] - The company's dual-class capital structure makes it ineligible for inclusion in certain indices like the Russell 2000 and S&P 500, potentially reducing investment from passive funds[368]

C3.ai, Inc. (NYSE:AI) Q4 2023 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Amit Berry - Investor Relations Tom Siebel - Chairman and Chief Executive Officer Juho Parkkinen - Senior Vice President and Chief Financial Officer Conference Call Participants Kingsley Crane - Canaccord Genuity Pat Walravens - JMP Securities Sanjit Singh - Morgan Stanley John Katsingris - Wedbush Mike Cikos - Needham & Company Adam Bergere - Bank of America Noah Harman - JMP Securities Operator Good day and ...

Investor Supplemental FY23-Q4 Disclaimer This presentation contains forward-looking statements within the meaning of the Private This presentation also contains estimates and other statistical data made by independent Securities Litigation Reform Act of 1995. All statements contained in this presentation other parties and by us relating to market size and growth and other data about our industry. This than statements of historical facts, including the business strategy, plans, and objectives for data involv ...