C3.Ai Inc. (NYSE:AI) is trending Thursday after the company reported first-quarter results Wednesday after market close.
- C3.ai stock is trading near recent lows. Where are AI shares going?
Narrowed Q1 Loss and Stabilized Revenue
C3.ai reported an adjusted loss of 20 cents per share, beating the consensus estimate of a loss of 25 cents. In addition, the company reported revenue of $52.375 million, beating the consensus estimate of $52.116 million.
Subscription revenue came in at $49.2 million, representing 94% of total revenue. Cash, cash equivalents and marketable securities totaled $651.1 million, up $76 million quarter-over-quarter.
“The Company has done exactly what a disciplined, focused turnaround should do. We restructured Sales. We aligned cash outflows with cash inflows. We instituted rigorous expense control,” said Thomas M. Siebel, Chairman and CEO of C3.Ai. “Revenue has stabilized, free cash flow is positive, operating loss has narrowed, and Forrester Research named C3 AI a leader in Enterprise AI.”
Q2, FY27 Guidance
C3.Ai sees second-quarter sales of $51.000 million to $55.000 million, versus the consensus estimate of $56.604 million. The company affirmed its fiscal-year 2027 sales outlook of $210.000 million to $240.000 million, versus the consensus estimate of $224.275 million.
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C3.Ai Shares Trade Flat
AI Price Action: At the time of publication, C3.Ai shares are trading 0.67% lower at $10.45, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.