iLearningEngines Reports Q4 Revenue Of $116M, Up 39% YoY; FY23 Revenue $421M, Up 36% YoY
Portfolio Pulse from Benzinga Newsdesk
iLearningEngines reported a significant increase in its Q4 and FY23 revenues, with Q4 revenue up 39% YoY to $116M and FY23 revenue up 36% YoY to $421M. The company also saw a 43% increase in ARR to $447M and an improvement in NDR to 125%. Despite these gains, iLearningEngines posted a GAAP net loss of $4M for both Q4 and the full year. Adjusted EBITDA for Q4 was $10M and $23M for the full year, indicating margin expansion.
April 22, 2024 | 8:43 pm
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iLearningEngines' Q4 and FY23 financial results show robust revenue growth and improvements in ARR and NDR, despite a net loss. Adjusted EBITDA margin expansion indicates operational efficiency.
The significant revenue growth and improvements in key financial metrics like ARR and NDR suggest a positive outlook for iLearningEngines. The net loss is a concern, but the expansion in EBITDA margins indicates improving operational efficiency, which could positively impact AILE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90