C3ai Inc
For the period ended Apr 30, 2024. Filed Jun 18, 2024.
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FY2024 · Filed Jun 18, 2024
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Consolidated Statements of Operations
(In thousands, except per share data)
| Fiscal Year Ended April 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | |||
| Subscription(1) | $278,104 | $230,443 | $206,916 |
| Professional services(2) | 32,478 | 36,352 | 45,843 |
| Total revenue | 310,582 | 266,795 | 252,759 |
| Cost of revenue | |||
| Subscription(3) | 128,469 | 78,423 | 45,838 |
| Professional services | 3,553 | 7,914 | 17,875 |
| Total cost of revenue | 132,022 | 86,337 | 63,713 |
| Gross profit | 178,560 | 180,458 | 189,046 |
| Operating expenses | |||
| Sales and marketing(4) | 214,167 | 183,121 | 173,584 |
| Research and development | 201,365 | 210,660 | 150,544 |
| General and administrative | 81,370 | 77,170 | 61,040 |
| Total operating expenses | 496,902 | 470,951 | 385,168 |
| Loss from operations | (318,342) | (290,493) | (196,122) |
| Interest income | 40,079 | 21,979 | 1,827 |
| Other (expense) income, net | (641) | 350 | 3,019 |
| Loss before provision for income taxes | (278,904) | (268,164) | (191,276) |
| Provision for income taxes | 792 | 675 | 789 |
| Net loss | $(279,696) | $(268,839) | $(192,065) |
| Net loss per share attributable to Class A and Class B common stockholders, basic and diluted | $(2.34) | $(2.45) | $(1.84) |
| Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted | 119,362 | 109,851 | 104,404 |
(1)Including related party revenue of $10,581, $75,452 and $60,425 for the fiscal years ended April 30, 2024, 2023 and 2022, respectively.
(2)Including related party revenue of $5,804, $16,774 and $16,872 for the fiscal years ended April 30, 2024, 2023 and 2022, respectively.
(3)Including purchases from related party included in cost of revenue ofnil, nil and $578 for the fiscal years ended April 30, 2024, 2023 and 2022, respectively.
(4)Including related party sales and marketing expense of $810, $13,962 and $8,229 for the fiscal years ended April 30, 2024, 2023 and 2022, respectively.
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