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CXApp Q3 revenue rises 77% sequentially after EngineRoom integration

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$3.005 mln

$2.50 mln (1 Analyst)

Q3 Loss Per Share

$0.02


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

  • Nov 3 - Sprout Social Q3 revenue rises 8% on larger customer cohort

  • Nov 3 - Freshworks Q3 adjusted profit beats estimates on upmarket momentum

  • Nov 3 - Dynatrace Q2 revenue beats estimates, sets $1 bln additional buyback


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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