Xiao-I Corporation Issues Revenue Guidance of $73 Million for Fiscal Year 2024
Xiao-I (NASDAQ: AIXI), a leading AI company, has issued revenue guidance of $73 million for fiscal year 2024, projecting a 25% increase from the $59 million reported in FY 2023. The company attributes this growth to successful refinement and market deployment of its AI technologies. Xiao-I also anticipates a decline in R&D expenses as it focuses on achieving profitability. CEO Hui Yuan stated that their AI systems have reached a high level of maturity, allowing for decreased R&D spending. This strategy aims to improve margins and enhance overall financial performance, contributing to improved profit margins and continued reduction in losses.
Xiao-I (NASDAQ: AIXI), un'azienda leader nel settore dell'IA, ha fornito una guida sui ricavi di 73 milioni di dollari per l'anno fiscale 2024, prevedendo un aumento del 25% rispetto ai 59 milioni di dollari riportati nell'anno fiscale 2023. L'azienda attribuisce questa crescita al raffinamento e alla distribuzione di successo delle sue tecnologie AI. Xiao-I prevede anche una riduzione delle spese in R&D mentre si concentra sul raggiungimento della redditività. Il CEO Hui Yuan ha dichiarato che i loro sistemi IA hanno raggiunto un elevato livello di maturità, consentendo una diminuzione della spesa in R&D. Questa strategia mira a migliorare i margini e migliorare le performance finanziarie complessive, contribuendo a migliorare i margini di profitto e a continuare la riduzione delle perdite.
Xiao-I (NASDAQ: AIXI), una empresa líder en IA, ha emitido una guía de ingresos de 73 millones de dólares para el año fiscal 2024, proyectando un incremento del 25% respecto a los 59 millones de dólares reportados en el año fiscal 2023. La compañía atribuye este crecimiento al exitoso perfeccionamiento y despliegue en el mercado de sus tecnologías de IA. Xiao-I también anticipa una disminución en los gastos de I+D a medida que se enfoca en lograr rentabilidad. El CEO Hui Yuan declaró que sus sistemas de IA han alcanzado un alto nivel de madurez, lo que permite reducir el gasto en I+D. Esta estrategia tiene como objetivo mejorar los márgenes y potenciar el rendimiento financiero general, contribuyendo a mejorar los márgenes de beneficios y continuar la reducción de pérdidas.
Xiao-I (NASDAQ: AIXI), AI 업계의 선두주자인 이 회사는 2024 회계연도에 7,300만 달러의 수익 가이던스를 발표하며 2023 회계연도에 보고된 5,900만 달러에서 25% 증가할 것으로 예상하고 있습니다. 회사는 AI 기술의 성공적인 개선 및 시장 배포 덕분에 이러한 성장을 설명합니다. Xiao-I는 또한 수익성 달성에 집중하면서 R&D 비용 감소를 예상하고 있습니다. CEO Hui Yuan은 자사의 AI 시스템이 높은 수준의 성숙도에 도달했으며, 이에 따라 R&D 지출이 감소할 수 있다고 밝혔습니다. 이 전략은 마진 개선과 전반적인 재무 성과 향상을 목표로 하여 이익 마진을 개선하고 손실을 지속적으로 줄이는 데 기여할 것입니다.
Xiao-I (NASDAQ: AIXI), une entreprise leader en IA, a annoncé une prévision de revenus de 73 millions de dollars pour l'exercice 2024, projetant une augmentation de 25% par rapport aux 59 millions de dollars déclarés pour l'exercice 2023. L'entreprise attribue cette croissance à l'affinage et au déploiement réussi de ses technologies IA sur le marché. Xiao-I prévoit également une baisse des dépenses en R&D alors qu'elle se concentre sur l'atteinte de la rentabilité. Le PDG Hui Yuan a déclaré que leurs systèmes IA avaient atteint un niveau de maturité élevé, permettant de réduire les dépenses en R&D. Cette stratégie vise à améliorer les marges et à renforcer la performance financière globale, contribuant à l'amélioration des marges bénéficiaires et à la réduction continue des pertes.
Xiao-I (NASDAQ: AIXI), ein führendes KI-Unternehmen, hat eine Umsatzprognose von 73 Millionen US-Dollar für das Geschäftsjahr 2024 herausgegeben und erwartet einen 25%igen Anstieg gegenüber den 59 Millionen US-Dollar, die im Geschäftsjahr 2023 berichtet wurden. Das Unternehmen führt dieses Wachstum auf die erfolgreiche Verfeinerung und Markteinführung seiner KI-Technologien zurück. Xiao-I rechnet auch mit einem Rückgang der F&E-Ausgaben, während es sich darauf konzentriert, Rentabilität zu erreichen. CEO Hui Yuan erklärte, dass ihre KI-Systeme ein hohes Reifegradniveau erreicht haben, was geringere F&E-Ausgaben ermöglicht. Diese Strategie zielt darauf ab, die Margen zu verbessern und die Gesamtfinanzleistung zu steigern, was zu verbesserten Gewinnmargen und einer weiterhin reduzierten Verlustentwicklung beiträgt.
- Projected 25% revenue increase for FY 2024, reaching $73 million
- Anticipated decline in R&D expenses
- Expected improvement in profit margins
- Continued reduction in losses
- Company still operating at a loss
Insights
Xiao-I's projected
The shift from heavy R&D investment to market deployment suggests Xiao-I is transitioning from a growth-at-all-costs model to a more balanced approach focused on profitability. This strategy could potentially accelerate their journey to positive earnings, a critical milestone for tech companies. The projected revenue of
Xiao-I's announcement of reduced R&D spending coupled with revenue growth indicates their AI systems have likely reached a significant level of technological maturity. This transition from heavy development to optimization and market deployment is a important phase in the lifecycle of AI companies. It suggests their core technologies are now sufficiently advanced to meet current market demands without requiring substantial further investment.
However, the AI field is rapidly evolving and maintaining a competitive edge with reduced R&D could be challenging. Xiao-I will need to balance cost-cutting with continued innovation to stay relevant. The
CEO Mr. Hui Yuan commented, "Our AI systems have reached a high level of maturity and are now fully optimized for the market. This allows us to decrease our R&D spending, which aligns with our strategy to improve margins and enhance our overall financial performance."
The reduction in R&D expenses is expected to contribute to improved profit margins and a continued reduction in losses, underscoring Xiao-I Corporation's commitment to profitability while delivering innovative AI solutions.
"Our focus remains on leveraging our refined AI technologies to drive sustainable growth and create long-term value for our shareholders," Mr. Hui Yuan added.
About Xiao-I Corporation
Xiao-I Corporation is a leading cognitive intelligence enterprise in
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in
For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com
View original content:https://www.prnewswire.com/news-releases/xiao-i-corporation-issues-revenue-guidance-of-73-million-for-fiscal-year-2024-302239496.html
SOURCE Xiao-I Corporation
FAQ
What is Xiao-I 's revenue guidance for fiscal year 2024?
How much revenue did Xiao-I report for fiscal year 2023?
What changes in R&D expenses does Xiao-I anticipate?