Wednesday, September 4th, 2024Today’s regular stock market trading session was flat overall, following the worst single day for tech stocks in two years. Employment numbers inch closer, but until they do, the market looks reluctant to push or pull too severely in either direction. The Dow was +0.09% today, the S&P 500 -0.16%, the Nasdaq -0.30% and the small-cap Russell 2000 -0.19%.One thing we saw today is the apparent end of the bond-yield inversion after two-plus years: the 10-year rate is currently at +3 ...

C3.ai, Inc. (AI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.54%. A quarter ago, it was expected that this company would post a loss of $0.31 per share when it actually produced a loss of $0.11, delivering a surprise of 64.52%.Over the last four quarters, the company has surpassed cons ...

Enterprise artificial intelligence company C3.ai Inc AI’s stock is plunging after-hours Wednesday following its first-quarter earnings report. Here are the key highlights.What Happened: C3.ai reported first-quarter revenue of $87.2 million, up 21% year-over-year. The revenue figure beat a Street consensus estimate of $86.9 million, according to data from Benzinga Pro.Subscription revenue was $73.5 million in the first quarter, up 20%. Subscription revenue made up 84% of the company's total revenue in the fi ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [2] - Proactive focuses on various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [2] Group 2 - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [3] - The company has a strong emphasis on technology adoption to enhance workflows and improve content production [2][3]

Financial Performance - Total revenue for Q1 fiscal 2025 was $87.2 million, a 21% increase from $72.4 million in the same quarter last year[6]. - Subscription revenue accounted for $73.5 million, representing 84% of total revenue and a 20% increase from $61.4 million year-over-year[6]. - The company achieved a GAAP gross profit of $52.2 million, resulting in a 60% gross margin, while non-GAAP gross profit was $60.9 million with a 70% margin[6]. - Total revenue for the three months ended July 31, 2024, was $87,213, an increase of 20.5% compared to $72,362 in the same period of 2023[30]. - Subscription revenue rose to $73,456, up 19.7% from $61,352 year-over-year[30]. - Gross profit increased to $52,166, representing a gross margin of 60% compared to 56% in the prior year[38]. - Net loss for the quarter was $62,827, a slight improvement from a net loss of $64,358 in the same quarter of 2023[30]. - Non-GAAP net loss per share improved to $(0.05) from $(0.09) year-over-year[38]. - Total operating expenses increased to $124,752, up from $114,642 in the same period of 2023[30]. Cash Flow and Financial Position - The company has $762.5 million in cash, cash equivalents, and marketable securities[6]. - Positive free cash flow of $7.1 million was reported, with net cash provided by operating activities at $8.0 million[6]. - Cash and cash equivalents decreased to $133,820 from $206,442 at the end of the same quarter last year[35]. - Free cash flow for the quarter was $7,118, compared to a negative free cash flow of $(8,902) in the prior year[40]. - The company reported a net cash provided by operating activities of $8,042, an increase from $3,936 in the previous year[40]. - Accounts payable increased significantly to $31,615 from $11,316 year-over-year[33]. Business Growth and Agreements - C3 AI closed 71 agreements in Q1, marking a 122% increase year-over-year, including 52 pilot agreements, which increased by 117%[6]. - The company expanded its footprint in State and Local Government, closing 25 agreements across various states[6]. - C3 AI's Federal business represented over 30% of bookings for Q1, with new agreements with the U.S. Air Force, Navy, and Marine Corps[6]. Future Guidance and Demand - Guidance for Q2 fiscal 2025 projects total revenue between $88.6 million and $93.6 million, with full-year guidance of $370.0 million to $395.0 million[20]. - C3 Generative AI continues to see strong demand, with diverse applications including operator assistance and customer service[9].

These growing tech companies are great buys on the dip.The adoption of artificial intelligence (AI) is continuing to spread across the economy. Statista projects the AI market to explode to $826 billion by 2030.Consistent with that estimate, the growth from the following companies shows that the demand for AI hardware and software is not slowing. This could be a great time to buy these AI stocks that are currently trading almost 40% below their 52-week high.1. Dell TechnologiesDell (DELL -4.13%) is more tha ...

Artificial intelligence (AI) name C3.ai Inc (NYSE:AI) will announce fiscal first-quarter earnings after the close tomorrow, Sept. 4. C3.ai stock sports an 18.4% year-to-date deficit despite the excitement surrounding AI advancements. Further back, the equity lost 25% over the last 12 months, and is now trading well below its Feb. 29 annual high of $38.30. At last check, AI is 0.1% higher at $23.37.  The stock has a mixed history of post-earnings closes, though it gained 24.5% and 19.4% in February and May, ...

Talaj Investment Thesis C3.ai (NYSE:AI) is set to report its fiscal Q1 2025 earnings after the close on Wednesday. The stock's expectations have deflated in the past several weeks, but I don't believe this is a good opportunity to buy the dip pre-earnings. Even though there are clearly positive aspects, such as a well-placed company with a mighty compelling narrative, and a balance sheet that's debt-free, I nevertheless argue that investors' expectations are already too high. All in all, I make the case ...

C3.ai (AI) is set to report its first-quarter fiscal 2025 results on Sep 4.AI expects revenues of $84-$89 million for the fiscal first quarter. The Zacks Consensus Estimate for revenues is pegged at $87.12 billion, suggesting 42% growth from the figure reported in the year-ago quarter.The consensus mark for the quarterly loss is pegged at 13 cents per share, unchanged in the past 30 days. AI reported a loss of 9 cents per share in the year-ago quarter.C3.ai’s earnings beat the Zacks Consensus Estimate in th ...

Supatman/iStock via Getty ImagesInvestment Thesis Enterprise cloud software solutions company C3.ai (NYSE:NYSE:AI)is slated to report the first quarter of their FY25 earnings cycle next week on Wednesday, September 4, after markets close. C3 has found it difficult to recover after short sellers, Kerrisdale Capital and Spruce Point Management, published their reports alleging misreporting in the company’s sales numbers. Exhibit A: C3.ai’s stock fails to recover lost ground after short sellers alleged mal ...