NYSE$AI
C3.ai Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
C3.ai's Q3 2021 financial results were announced, revealing a 19% increase in total revenue year over year and a 23% increase in subscription revenue.
C3.ai reported a 19% increase in total revenue to $49.1 million, with subscription revenue growing by 23% to $42.7 million. The company continues to expand its market-partner ecosystem and innovate in enterprise AI software.
- Total revenue increased by 19% year over year, reaching $49.1 million.
- Subscription revenue increased by 23% year over year, totaling $42.7 million.
- Gross margin was 75%, compared to 74% one year ago.
- The C3 AI Digital Transformation footprint continues to expand with new enterprise production deployments.
Headline financials
Revenue & EPS history
C3.ai · Revenue · Quarterly
$49.1M
Revenue by segment
C3.ai · $49.1M total across 2 segments · Q3 2021
- Subscription$42.7M+23.3%86.9%
- Professional services$6.41M-3.7%13.1%
Forward guidance
The company provided guidance for the fourth quarter of fiscal year 2021, projecting total revenue between $50.0 million and $51.0 million and a non-GAAP loss from operations between ($28.0) million and ($27.0) million.
Tailwinds
- Total revenue is expected to be between $50.0 million and $51.0 million.
- Company is focused on expanding its market-partner ecosystem
- Company is focused on continuing product leadership in enterprise AI
- Company is focused on expanding investments and market penetration in the increasingly critical climate and energy sustainability market.
- Company is focused on innovation
Headwinds
- Non-GAAP loss from operations is expected to be between ($28.0) million and ($27.0) million.
- Difference between GAAP and non-GAAP measures will include stock-based compensation and employer payroll tax expense related to employee stock-based compensation
- Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions
- The future fair market value of our common stock is difficult to predict.
- Our future hiring and retention needs are difficult to predict.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
-1.0%
Avg return
Earnings day
-3.2%
Avg return
5 days after
-5.2%
Avg return
30 days after
41%
9 / 22 earnings
Positive
+37.4%
Q3 2023
Best reaction
-21.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -1.3% | -0.5% | +24.7% | |
| Q3 2026 | +0.5% | -11.7% | -24.7% | |
| Q2 2026 | +4.1% | +6.8% | -8.4% | |
| Q1 2026 | -9.1% | -5.6% | +14.9% | |
| Q4 2025 | +20.7% | +11.5% | +5.3% | |
| Q3 2025 | -9.7% | -16.4% | -17.5% | |
| Q2 2025 | +3.0% | -2.6% | -17.8% | |
| Q1 2025 | -9.9% | -8.8% | +2.7% | |
| Q4 2024 | +18.5% | +22.2% | +20.2% | |
| Q3 2024 | +22.8% | +13.2% | -10.1% | |
| Q2 2024 | -13.4% | -6.3% | -9.3% | |
| Q1 2024 | -12.2% | -10.2% | -21.3% | |
| Q4 2023 | -15.6% | -19.6% | -17.1% | |
| Q3 2023 | +37.4% | +26.1% | +61.9% | |
| Q2 2023 | +7.6% | +10.1% | -8.7% | |
| Q1 2023 | -21.1% | -21.2% | -32.1% | |
| Q4 2022 | -6.9% | +1.4% | +1.2% | |
| Q3 2022 | +6.3% | -7.6% | +4.4% | |
| Q2 2022 | -18.7% | -18.2% | -15.4% | |
| Q1 2022 | -7.5% | -1.8% | -11.0% | |
| Q4 2021 | -4.9% | -15.1% | -15.6% | |
| Q3 2021 | -12.4% | -15.4% | -41.4% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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