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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 87M | 0.7% |
| Gross Profit | 52M | 1.1% |
| Cost of Revenue | 35M | 0.2% |
| Operating expense | 125M | 6.8% |
| Net Income | -63M | 13.8% |
| EBITDA | -69M | 13.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.06B | 1.9% |
| Total Liabilities | 183M | 10.8% |
| Total Equity | 875M | 0.2% |
| Shares Outstanding | 125M | 1.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 8M | 62.3% |
| Cash from investing | -42M | 259.9% |
| Cash from financing | 180,000 | 96.5% |
EPS
Financial Highlights for C3.ai in Q3 '24
C3.ai reported a revenue of 87M, which is a 0.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 52M, marking a 1.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 35M, a 0.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 125M, showing a -6.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -63M, showing a 13.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -69M, showing a 13.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for C3.ai with growth in revenue, gross profit, and net income.
