Xiao-I (AIXI) - 2023 Q4 - Annual Report

Exhibit 99.1 Xiao-I Corporation Reports Unaudited Full Year 2023 Financial Results - Net revenues grew 22.8% year over year to a record high of US$59.2 million - MaaS business grew 48.5% year over year to US$19.2 million, and accounted for over 30% of total revenue - Gross margin rose 270 basis points year over year to 66.6% (SHANGHAI, China, April 30, 2024) Xiao-I Corporation ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence ("AI") enterprise, today announced its unaudited financial ...