Welcome to our dedicated page for CXApp news (Ticker: CXAI), a resource for investors and traders seeking the latest updates and insights on CXApp stock.
Overview
CXApp Inc (CXAI) serves as an innovative enterprise workplace experience platform, delivering a fully integrated, mobile-first SaaS solution designed to transform the way large organizations manage their internal communications and digital initiatives. With a clear focus on digital transformation and artificial intelligence, CXAI unifies workplace tools, internal events, customer briefings, and community management across an intuitive, immersive interface that caters to employees, partners, customers, and visitors alike.
Core Business & Product Offering
The CXAI platform is engineered to simplify the complexities of workplace experience management. At its core, the solution provides a sophisticated content management system (CMS) that enables enterprise customers to autonomously configure and tailor their digital workplace environments. Its mobile-first design is complemented by robust functionalities including native mapping, on-device positioning, and advanced analytics, making it an essential tool for businesses operating in today’s work-from-anywhere landscape. These services empower organizations to centralize key workplace activities—from managing internal meetings and events to facilitating employee communications—in one unified platform.
Innovative Technology and AI-Driven Insights
Artificial intelligence is interwoven into every aspect of the CXAI platform. The system leverages data-driven insights to offer personalized employee experiences, utilizing natural language processing and advanced analytics to simplify daily operations. The platform’s generative AI capabilities enable it to provide real-time thoughtful recommendations and automate workflow tasks, reducing the complexity of day-to-day management in large enterprises. Additionally, the incorporation of spatial intelligence through native mapping and on-device positioning technology allows organizations to optimize workspace utilization and derive actionable insights through what CXAI terms "Experience Analytics."
Enterprise Workplace Transformation
In today’s digital age, enterprise software must evolve to meet the demands of a dynamic, hybrid work environment. CXAI addresses this need by creating a centralized ecosystem that connects various aspects of workplace management. Its integrated approach combines contextual data from employee interactions to create customized, responsive work environments. This comprehensive digital journey supports everything from internal communications to large-scale events, ensuring that each employee interaction is efficient, personalized, and seamlessly connected to the organization’s overall mission. The platform supports a variety of engagement models, encouraging collaboration and enhancing workforce productivity across geographically dispersed teams.
Strategic Partnerships and Market Position
Strategic alliances play a critical role in cementing CXAI's competitive edge. By partnering with technology leaders such as Google Cloud and leveraging platforms like AWS Marketplace, CXAI enhances its technological capabilities and extends its market reach. These partnerships facilitate access to advanced cloud infrastructures, AI innovations, and enhanced security protocols that fortify the platform. This collaborative approach is instrumental in driving the company’s evolution from a mobile app solution to a comprehensive AI-native enterprise platform. By integrating these sophisticated technologies, CXAI continues to refine and expand its offerings in response to the evolving demands of modern enterprise ecosystems.
Customer Benefits and Operational Efficiency
Enterprise customers benefit from a suite of features that are meticulously designed to simplify complex workplace environments. With a user-friendly interface, employees can access all their work tools in one location, reducing the need for multiple disparate applications. The platform's intelligent design not only improves operational efficiency and streamlines communication but also delivers insights through detailed analytics. Organizations can use these insights to shape internal policies, optimize workspace configurations, and enhance overall employee engagement. Such improvements translate into a more responsive work environment where businesses can better manage resources, reduce operational costs, and drive a culture that values digital innovation and employee well-being.
Technology as a Catalyst for Digital Transformation
The CXAI platform exemplifies how technology acts as a catalyst for digital transformation. Marrying customer experience (CX) with artificial intelligence enables companies to move beyond traditional workplace solutions. The platform’s ability to collect, analyze, and interpret vast amounts of data facilitates strategic decision-making and positions organizations at the forefront of operational innovation. By continuously integrating evolving technological advancements, CXAI not only addresses current workplace challenges but also establishes a framework for scalable digital solutions that support both immediate operational needs and long-term organizational efficiency.
Conclusion
CXApp Inc, through its CXAI platform, stands as a pivotal resource for modern enterprises seeking to reimagine the employee experience. Its blend of mobile-first design, integrated content management, spatial analytics, and AI-driven insights creates a cohesive ecosystem that transforms traditional workplace environments into dynamic, responsive digital hubs. In a competitive landscape driven by constant technological evolution, CXAI illustrates a balanced approach to innovation that emphasizes operational efficiency, proactive data use, and a comprehensive transformation of the work experience.
This approach not only reinforces the company's market position but also exemplifies its commitment to providing scalable, secure, and intelligent solutions tailored to the diverse needs of contemporary organizations. As enterprises around the globe strive to achieve operational excellence in a continuously changing work environment, CXAI remains a cornerstone tool that delivers enduring value and supports sustained digital growth.
CXApp Inc. (NASDAQ:CXAI) reported strong financial results for 2024, marking a successful transformation to an AI-centric subscription application business. The company achieved significant improvements in key metrics:
- Increased subscription revenue to 87% of total revenue (up from 78% in 2023)
- Improved Net Revenue Retention to 101% (from 73%)
- Enhanced Gross Margin to 82% (from 78%)
- Reduced operating expenses by 20% with 30% EBITDA growth
The company successfully deployed its CXAI Platform featuring new products CXAI Kiosk and CXAI VU, focusing on Return to Office (RTO) and Employee Engagement solutions. Notable achievements include implementing a single code-base solution (CXAI 1.0), deploying CXAI 2.0 platform at a leading financial services customer, and establishing a strategic partnership with Google Cloud for AI capabilities. The company plans to host an Investor Day in May 2025 to showcase new product offerings and customer case studies.
CXApp Inc. (CXAI), a global technology leader in employee workplace experiences, has rescheduled its Q4 2024 and Annual 2024 financial results conference call from March 31 to Thursday, April 3, 2025, at 1:00 p.m. Pacific Time.
The earnings call will feature Chairman and CEO Khurram Sheikh and CFO Joy Mbanugo, who will discuss financial results and provide updates on the company's AI-native CXAI Platform. Investors can access the call via telephone or webcast, with replay available through April 3, 2026.
CXApp (NASDAQ:CXAI) has appointed Terry Blanchard as Senior Vice President of Engineering, reporting to Chairman and CEO Khurram Sheikh. Blanchard, who brings over 30 years of engineering leadership experience from companies like Apple, WhatsApp(Meta), Microsoft, and NVIDIA, will lead CXAI's global engineering organization.
In his new role, Blanchard will oversee all aspects of CXAI's engineering and development efforts, including software development, AI research, platform architecture, and technical infrastructure. His expertise in software architecture, AI, machine learning, cloud infrastructure, and user-friendly product development will be important in accelerating CXAI's product roadmap and technical strategy.
CXApp Inc. (Nasdaq: CXAI), a global technology leader in employee workplace experiences, has announced its upcoming Q4 2024 and Full Year 2024 financial results conference call scheduled for March 31, 2025, at 4:00 PM Eastern Time.
The conference call will be led by Chairman and CEO Khurram Sheikh and CFO Joy Mbanugo, featuring updates on the company's AI-native CXAI Platform. Participants can join via telephone (U.S. toll-free: 888-506-0062; International: 973-528-0011; access code: 935268) or webcast at the company's website.
A replay will be available through March 31, 2026, on the company's website, and via telephone through April 14, 2025 (U.S.: 877-481-4010; International: 919-882-2331; access code: 52237).
CXApp (NASDAQ:CXAI) reported strong Q3 2024 results with record SaaS metrics, including an 18% increase in recurring revenue and 106% net retention rate. The company achieved its highest quarterly revenue of $1.9M with 80% gross margins, with 88% coming from subscriptions. Key milestones include the successful delivery of the AI-based CXAI pilot platform to a financial services customer and the launch of CXAI Kiosk and CXAI BTS. The company's flagship products, CXAI and CXAI VU, are now available on AWS Marketplace. Non-GAAP operating expenses decreased by 22% year-over-year, showing improved cost management.
CXApp Inc. (Nasdaq: CXAI) announced the availability of its AI-driven employee experience solutions, CXAI and CXAI VU, on AWS Marketplace. The platform integrates customer experience with AI to transform workplace operations, offering personalized employee interactions and generative AI-based analytics.
The solutions provide key benefits including improved employee satisfaction through personalized experiences, enhanced collaboration through automated hybrid workflows, and advanced analytics for real-time insights. The AWS Marketplace integration enables streamlined purchasing and consolidated billing, making deployment more efficient for businesses of all sizes.
CXApp Inc. (Nasdaq: CXAI), a global technology leader in employee workplace experiences, has announced a conference call scheduled for November 12, 2024, at 4:30 PM Eastern Time to discuss their Q3 2024 financial results and provide a business update. The call will be led by Chairman and CEO Khurram Sheikh and CFO Joy Mbanugo, featuring updates on their AI-native CXAI Platform. Participants can join via telephone or webcast, with options for both U.S. and international callers. The webcast replay will be available through November 12, 2025, while the telephone replay will be accessible until November 26, 2024.
CXApp Inc. (Nasdaq: CXAI), a leader in employee workplace experiences, has announced its 2024 Annual Meeting of Shareholders. The virtual-only meeting is scheduled for Thursday, August 29, 2024, at 12:00 PM Eastern Time. Shareholders can access the meeting at www.virtualshareholdermeeting.com/CXAI2024 starting at 11:45 AM ET using their control number.
Participants with a control number can ask questions and vote during the live meeting. Shareholders can also vote prior to the meeting at www.proxyvote.com. A replay of the meeting will be available on the company's website until August 29, 2025.
CXApp Inc. (Nasdaq: CXAI), a leader in employee workplace experiences, has appointed Joy Mbanugo as Chief Financial Officer. With over 22 years of financial leadership experience, Mbanugo brings expertise from roles at Google Cloud, BlackRock, and E&Y. Her most recent position was CFO at ServiceRocket, where she optimized EBITDA and drove growth. At Google Cloud, she played a important role in financial planning and system transformation.
Mbanugo will oversee CXAI's financial strategy and operations as the company expands globally. CEO Khurram Sheikh expressed enthusiasm about her joining the team, citing her extensive experience in financial management and strategic planning as valuable assets for CXAI's growth and development of AI-powered workplace solutions.
CXApp Inc. (Nasdaq: CXAI) announced its Q2 2024 financial results, marking significant progress in its transformation to an AI-native SaaS model. The company reported a 78% increase in renewal and expansion bookings compared to the same period last year, including its largest 'expansion' deal with a major financial sector customer. Key metrics improved, with subscription revenue reaching 85% of total revenue, gross margin increasing to 80%, and a net retention rate of 105%.
CXApp also announced a multi-year, multi-million dollar strategic agreement with Google Cloud for the development and delivery of advanced AI infrastructure, security, and application products. This partnership aims to enhance the CXAI platform, which integrates customer experience with AI to transform workplace efficiency and employee productivity.
FAQ
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