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.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CXApp's position in the market.
CXApp (NASDAQ:CXAI) reported a record Net Retention Rate (NRR) of 108% in Q1 2024, largely due to renewals and expansions by seven Fortune 1000 clients across five sectors. The company also launched its AI-based Analytics Platform, CXAI VU, in collaboration with Google Cloud, aiming to transform workplace efficiency and employee engagement. Financially, CXApp achieved a gross margin of 82%, with subscription-based revenue comprising 87% of total revenue, marking a 6-point increase from the previous quarter. Additionally, operational costs were reduced by 20% compared to Q4 2023.
CXApp unveils its new AI-based analytics platform, CXAI VU ('SkyView'), in collaboration with Google Cloud. Launched on May 23, 2024, this platform aims to enhance workplace efficiency and employee engagement through advanced analytics. CXAI VU offers tailored solutions for HR, facilities, operations, and IT management, emphasizing space optimization, user engagement analytics, data-driven decision-making, and predictive analytics. The platform enables businesses to optimize environments, track app usage, and make data-driven decisions. CXApp's CEO, Khurram Sheikh, and CTO, Naresh Soni, highlight the potential of CXAI VU to revolutionize workplace experiences and promote a new category in enterprise software.
CXApp Inc. (Nasdaq: CXAI) announced the rescheduling of its Q1 2024 Earnings Call, initially set for today, to Thursday, May 23rd at 3:00pm Pacific Time. The call will discuss the company's financial results for the first quarter of 2024, ended March 31, 2024, and provide updates on the CXAI platform designed to enhance employee experiences using artificial intelligence.
CEO Khurram Sheikh will lead the call and announce a new product launch with a major industry partner. The call can be accessed by dialing 888-506-0062 (U.S.) or 973-528-0011 (international), with the access code 541331. A webcast will be available on the company's website, with replay options until May 23, 2025, for the webcast and June 6, 2024, for the telephone replay.
CXApp (NASDAQ: CXAI) has announced a conference call scheduled for May 21, 2024, at 4:30 PM ET to discuss their Q1 2024 financial results, which ended on March 31, 2024. The call will be led by Chairman and CEO Khurram Sheikh and will also provide an update on the company's AI platform advancements. Interested parties can join the call via toll-free numbers or access a webcast on the CXApp website. A replay will be available until June 4, 2024, via telephone and until May 21, 2025, on the company’s website.
