C3.ai Reports Q3 2024 Financials, Details Revenue Streams
Ticker: AI · Form: 10-Q · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: earnings, software, 10-Q, revenue
TL;DR
**C3.ai's latest 10-Q shows their revenue streams for Q3 2024, giving a peek into their financial health.**
AI Summary
C3.ai, Inc. filed its 10-Q for the period ending January 31, 2024, indicating a fiscal year end of April 30. The company, formerly known as C3 IoT, Inc. and C3, Inc., operates in prepackaged software services. Key financial data points for the nine months ended January 31, 2024, include License and Service revenue and Professional Services revenue, which are compared against the same period in the prior year.
Why It Matters
This filing provides a crucial update on C3.ai's financial performance, offering insights into its revenue generation from software licenses and professional services, which can influence investor confidence and market valuation.
Risk Assessment
Risk Level: medium — The filing provides financial data but lacks specific details on profitability or future guidance, making it difficult to fully assess the company's short-term trajectory.
Key Players & Entities
- C3.ai, Inc. (company) — filer of the 10-Q
- C3 IoT, Inc. (company) — former name of C3.ai, Inc.
- C3, Inc. (company) — former name of C3.ai, Inc.
- January 31, 2024 (date) — end of the reporting period
- April 30 (date) — fiscal year end
FAQ
What is the fiscal year end for C3.ai, Inc.?
C3.ai, Inc.'s fiscal year ends on April 30.
When was the 10-Q filed?
The 10-Q was filed on February 29, 2024.
What was the company's name before C3.ai, Inc.?
The company was formerly known as C3 IoT, Inc. and prior to that, C3, Inc.
What is the primary business classification of C3.ai, Inc.?
C3.ai, Inc. is classified under SERVICES-PREPACKAGED SOFTWARE [7372].
What are the key revenue categories mentioned in the filing for the period?
The key revenue categories mentioned are License and Service revenue and Professional Services revenue for the periods ending January 31, 2024, and January 31, 2023.
From the Filing
0001628280-24-007744.txt : 20240229 0001628280-24-007744.hdr.sgml : 20240229 20240228202651 ACCESSION NUMBER: 0001628280-24-007744 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 74 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: C3.ai, Inc. CENTRAL INDEX KEY: 0001577526 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263999357 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39744 FILM NUMBER: 24698355 BUSINESS ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 650-503-2200 MAIL ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 FORMER COMPANY: FORMER CONFORMED NAME: C3 IoT, Inc. DATE OF NAME CHANGE: 20180123 FORMER COMPANY: FORMER CONFORMED NAME: C3, Inc. DATE OF NAME CHANGE: 20130522 10-Q 1 ai-20240131.htm 10-Q ai-20240131 04-30 FALSE 0001577526 2024 Q3 4 5 3 20 0.2 0.2 1 1 0.02 0.05 460 0001577526 2023-05-01 2024-01-31 0001577526 us-gaap:CommonClassAMember 2024-02-22 xbrli:shares 0001577526 us-gaap:CommonClassBMember 2024-02-22 0001577526 2024-01-31 iso4217:USD 0001577526 2023-04-30 0001577526 us-gaap:CommonClassAMember 2024-01-31 0001577526 us-gaap:CommonClassAMember 2023-04-30 0001577526 us-gaap:CommonClassBMember 2024-01-31 0001577526 us-gaap:CommonClassBMember 2023-04-30 0001577526 us-gaap:RelatedPartyMember 2023-04-30 0001577526 us-gaap:LicenseAndServiceMember 2023-11-01 2024-01-31 0001577526 us-gaap:LicenseAndServiceMember 2022-11-01 2023-01-31 0001577526 us-gaap:LicenseAndServiceMember 2023-05-01 2024-01-31 0001577526 us-gaap:LicenseAndServiceMember 2022-05-01 2023-01-31 0001577526 ai:ProfessionalServicesMember 2023-11-01 2024-01-31 0001577526 ai:ProfessionalServicesMember 2022-11-01 2023-01-31 0001577526 ai:ProfessionalServicesMember 2023-05-01 2024-01-31 0001577526 ai:ProfessionalServicesMember 2022-05-01 2023-01-31 0001577526 2023-11-01 2024-01-31 0001577526 2022-11-01 2023-01-31 0001577526 2022-05-01 2023-01-31 iso4217:USD xbrli:shares 0001577526 us-gaap:LicenseAndServiceMember us-gaap:RelatedPartyMember 2023-05-01 2024-01-31 0001577526 us-gaap:LicenseAndServiceMember us-gaap:RelatedPartyMember 2022-05-01 2023-01-31 0001577526 us-gaap:LicenseAndServiceMember us-gaap:RelatedPartyMember 2022-11-01 2023-01-31 0001577526 us-gaap:RelatedPartyMember ai:ProfessionalServicesMember 2023-05-01 2024-01-31 0001577526 us-gaap:RelatedPartyMember ai:ProfessionalServicesMember 2022-05-01 2023-01-31 0001577526 us-gaap:RelatedPartyMember ai:ProfessionalServicesMember 2022-11-01 2023-01-31 0001577526 us-gaap:RelatedPartyMember 2023-05-01 2024-01-31 0001577526 us-gaap:RelatedPartyMember 2022-05-01 2023-01-31 0001577526 us-gaap:RelatedPartyMember 2022-11-01 2023-01-31 0001577526 us-gaap:CommonStockMember 2023-10-31 0001577526 us-gaap:AdditionalPaidInCapitalMember 2023-10-31 0001577526 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-10-31 0001577526 us-gaap:RetainedEarningsMember 2023-10-31 0001577526 2023-10-31 0001577526 us-gaap:CommonStockMember 2023-11-01 2024-01-31 0001577526 us-gaap:AdditionalPaidInCapitalMember 2023-11-01 2024-01-31 0001577526 us-gaap:CommonStockMember us-gaap:RestrictedStockUnitsRSUMember 2023-11-01 2024-01-31 0001577526 us-gaap:AdditionalPaidInCapitalMember us-gaap:RestrictedStockUnitsRSUMember 2023-11-01 2024-01-31 0001577526 us-gaap:RestrictedStockUnitsRSUMember 2023-11-01 2024-01-31 0001577526 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-01 2024-01-31 0001577526 us-gaap:RetainedEarningsMember 2023-11-01 2024-01-31 0001577526 us-gaap:CommonStockMember 2024-01-31 0001577526 us-gaap:AdditionalPaidInCapitalMember 2024-01-31 0001577526 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-31 0001577526 us-gaap:RetainedEarningsMember 2024-01-31 0001577526 us-gaap:CommonStockMember 2023-04-