C3.ai(US:AI) The Motley Foolยท2024-09-05 15:18Core Viewpoint - C3.ai's revenue growth has improved, but the company continues to face significant losses, leading to a decline in its stock price following disappointing guidance in its fiscal first-quarter earnings report [1]. Financial Performance - In the first quarter, C3.ai reported a revenue increase of 21% to $87.2 million, surpassing estimates of $86.9 million [2]. - The company closed 71 agreements in the quarter, marking a 122% year-over-year increase, and achieved its sixth consecutive quarter of accelerating revenue [2]. - The GAAP operating loss improved slightly from $74.1 million to $72.6 million, while the adjusted per-share loss was $0.05, an improvement from a loss of $0.09 and better than the consensus estimate of a loss of $0.13 [2]. Future Outlook - For the second quarter, C3.ai expects revenue to be between $88.6 million and $93.6 million, representing a 24.4% increase at the midpoint, which aligns with consensus expectations [4]. - The company anticipates an adjusted operating loss to widen from $25 million to a range of $26.7 million to $34.7 million, indicating ongoing challenges in achieving profitability [4]. - Despite revenue growth, investor impatience is growing due to the lack of profits and share dilution [4].