CXApp Q3 revenue rises 77% sequentially after EngineRoom integration

Overview

• Enterprise AI platform's Q3 revenue rose 77% sequentially after EngineRoom integration

• Loss per share improved to $0.02 from $0.10 in Q2, narrowing operating losses

• Company reiterated previously announced $1 mln share repurchase program and standstill agreement

Outlook

• Company targets positive operating cash flow by Q3 2027

• CXAI expects commercial launch of CXAI Beat in January 2027, pending successful testing

• Company continues to pursue recurring revenue expansion and cost management to improve efficiency

Result Drivers

• ENGINEROOM INTEGRATION - Co said full-quarter contribution from EngineRoom drove substantial sequential revenue growth and expanded customer reach

• RECURRING REVENUE GROWTH - Recurring revenue rose 81% quarter over quarter, making up 93.68% of total revenue, as co focused on expanding software and services subscriptions

• OPERATING EFFICIENCY - Co attributed narrowing operating losses to disciplined cost management and leveraging shared technology infrastructure

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for CXApp Inc is $15.00, about 913.5% above its November 3 closing price of $1.48

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)