Streetbeat News

CXAI

CXApp Inc.

Industry

Software - Application

CXApp Inc. provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation. The company was formerly known as KINS Technology Group Inc. and changed its name to CXApp Inc. in March 2023. The company is based in Palo Alto, California.

Open

1.35

Mkt cap

23M

Volume

381K

High

1.47

P/E Ratio

0.88

52-wk high

7.07

Low

1.32

Div yield

N/A

52-wk low

1.03

CXApp Inc. (CXAI) held its Q3 2024 earnings call, discussing financial results and company performance. Key participants included CEO Khurram Sheikh and CFO Joy Mbanugo.

Portfolio Pulse from

November 13, 2024 | 12:15 am

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.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

CXApp has appointed Joy Mbanugo as the new Chief Financial Officer to lead its financial strategy during a period of rapid growth and global expansion.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:19 pm

U.S. stocks traded higher with the Dow Jones up over 300 points. Information technology shares climbed 2.7%, while energy shares fell 1%. Paysafe Ltd (NYSE:PSFE) shares surged 9% after strong Q2 results and revised revenue guidance. Starbucks (NASDAQ:SBUX) shares rose 21% after announcing Brian Niccol as the new CEO. CXApp Inc. (NASDAQ:CXAI) surged 133% on a deal with Google Cloud. iLearningEngines, Inc. (NASDAQ:AILE) gained 25% on better-than-expected Q2 sales. Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) dropped 61% after discontinuing a clinical trial. Genprex, Inc. (NASDAQ:GNPX) fell 33% despite a new patent. TELA Bio, Inc. (NASDAQ:TELA) fell 24% on poor Q2 results.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 6:30 pm

U.S. stocks traded higher with the S&P 500 gaining 1%. Home Depot reported mixed Q2 results, beating EPS estimates but missing sales expectations. Starbucks announced a new CEO, boosting its stock by 22%. CXApp surged 89% after a deal with Google Cloud. Syros Pharmaceuticals dropped 60% after discontinuing a clinical trial.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 4:16 pm

U.S. stocks surged with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw gains. Information technology shares climbed, while energy shares fell. U.S. producer prices rose 0.1% in July. Notable stock movements included Vicinity Motor Corp. (VEV) up 154%, CXApp Inc. (CXAI) up 92%, and Apollomics, Inc. (APLM) up 41%. Syros Pharmaceuticals, Inc. (SYRS) dropped 59%, Genprex, Inc. (GNPX) fell 32%, and TELA Bio, Inc. (TELA) fell 30%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:54 pm

CXApp Inc (NASDAQ:CXAI) shares surged after reporting Q2 results and announcing a strategic agreement with Google Cloud. Despite missing revenue and EPS estimates, the company showed strong subscription revenue, gross margin, and net retention rate improvements. The Google Cloud deal aims to enhance CXApp's AI infrastructure and product offerings.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:17 pm

On August 13th, XCApp (CXAI) shares surged 112% following a deal and multi-year agreement with Google Cloud. Chipotle (CMG) shares dropped 10% as COO Scott Boatwright was named interim CEO after Brian Niccol's departure to lead Starbucks. Starbucks (SBUX) shares rose 11% as Brian Niccol was appointed as Chairman and CEO, effective September 9.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:12 pm

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

XCApp shares are trading higher following the announcement of a deal and multi-year agreement with Google Cloud.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:25 am

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