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Stock impact report

CXApp Inc. (Nasdaq: CXAI) Reports Q3 2024 With Highest Quarterly SaaS Metrics and Delivery of AI-Based CXAI Platform to Large Financial Services Customer [Yahoo! Finance]

CXApp Inc. - Class A (CXAI) 
Company Research Source: Yahoo! Finance
PALO ALTO, CA / ACCESSWIRE / November 12, 2024 / CXApp (NASDAQ:CXAI), the global technology leader in employee workplace experiences announced its Q3 2024 financial results and update on its state-of-the-art technology platform CXAI. This quarter represents the highest SaaS metrics for the business: increase in recurring revenue, net retention rate ("NRR") of of revenue from subscriptions for the highest recognized revenue of $1.9M for the quarter at a healthy gross margin. The Company continues to strengthen its cloud partnerships with today's announcement of the availability of its flagship product , CXAI , and its generative AI-based analytics platform, CXAI VU , on AWS Marketplace , a curated digital catalogue that enables customers to easily find, buy, and deploy software. Some of the critical product milestones the Company achieved this quarter include: Successfully delivered the first end-to-end AI-based CXAI pilot platform to a leading financial service customer this Show less Read more
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