CXApp Inc. (Nasdaq: CXAI) Reports Q3 2024 With Highest Quarterly SaaS Metrics and Delivery of AI-Based CXAI Platform to Large Financial Services Customer
Portfolio Pulse from
CXApp Inc. (Nasdaq: CXAI) reported its Q3 2024 financial results, showcasing the highest SaaS metrics to date. The company achieved an 18% increase in recurring revenue, a net retention rate of 106%, and 88% of revenue from subscriptions, with a total recognized revenue of $1.9M and an 80% gross margin. CXAI is also available on AWS Marketplace, indicating potential for continued growth.
November 12, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CXApp Inc. reported strong Q3 2024 results with record SaaS metrics, including an 18% increase in recurring revenue and a high gross margin. The company's platform is now available on AWS Marketplace, suggesting potential for further growth.
The strong financial performance, including an 18% increase in recurring revenue and a high gross margin, indicates positive business momentum. The availability of CXAI on AWS Marketplace further supports growth prospects, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100