Xiao-I Corporation Sees FY 2024 Revenue $73M Vs $59M Reported FY 2023; 25% Increase; With Focus On Profitability And Reduced R&D Expenses
Portfolio Pulse from Benzinga Newsdesk
Xiao-I Corporation projects a 25% increase in revenue for FY 2024, reaching $73 million compared to $59 million in FY 2023. The company aims to focus on profitability by reducing R&D expenses.
September 05, 2024 | 1:48 pm
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Xiao-I Corporation (AIXI) anticipates a 25% revenue growth for FY 2024, aiming for $73M. The company plans to enhance profitability by cutting R&D expenses.
The projected revenue increase and focus on profitability are positive indicators for Xiao-I Corporation's financial health. Reducing R&D expenses may improve short-term profitability, potentially boosting investor confidence and stock price.
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