iLearningEngines Reports First Quarter 2024 Results
iLearningEngines, Inc. (AILE)
Company Research
Source: GlobeNewswire
First quarter revenue grew 33% year-over-year to $125 million Net loss driven entirely by one-time items; Company delivers increased non-GAAP profitability year-over-year excluding one-time items BETHESDA, Md., May 16, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines”, “ILE”, or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, today announced financial results for the first quarter ended March 31, 2024. “The first quarter was a strong start to 2024,” said Harish Chidambaran, Chief Executive Officer of iLearningEngines. “We achieved 33% revenue growth year-over-year and grew annual recurring revenue1 by 34% year-over-year to $479 million. With our business combination with Arrowroot Acquisition Corp. and related financing now complete, we believe we are well positioned to invest in continued platform growth, helping more and more customers harness AI to improve their business
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- The Schall Law Firm Is Looking Into Whether iLearningEngines Inc Violated Securities Laws And Affected Investors Should Reach Out Accesswire
- iLEARNINGENGINES, INC. ANNOUNCEMENT: If You Have Suffered Losses in iLearningEngines, Inc. (NASDAQ: AILE), Contact The Rosen Law Firm About Your Rights – AILEGlobeNewswire
- Stockholders Are Invited To Join The Schall Law Firm In An Investigation Into iLearningEngines, Inc. For Securities Fraud Accesswire
- iLearningEngines (AILE) Has Not Yet Provided Investors With Information About Special Committee Fact-Finding After Hindenburg Challenges Transparency and Contends Revenues and Expenses “[L]argely Fake” - Hagens BermanGlobeNewswire
- Bragar Eagel & Squire, P.C. Is Investigating iLearningEngines and Acadia and Encourages Investors to Contact the FirmGlobeNewswire