NYSE$AI

C3.ai Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

C3.ai's Q3 2022 financial results were announced, showcasing revenue growth and raised guidance.

C3.ai reported a 42% year-over-year increase in revenue to $69.8 million for Q3 2022. The company raised its fiscal year 2022 revenue guidance to $252.0 million, reflecting a 38% increase over the previous fiscal year.

  • Total revenue for the quarter was $69.8 million, a 42% increase compared to the previous year.
  • Subscription revenue reached $57.1 million, a 34% increase year-over-year.
  • GAAP gross profit was $52.4 million with a 75% gross margin.
  • The company raised fiscal year 2022 revenue guidance to $252.0 million, a 38% increase over fiscal year 2021.

Headline financials

Total Revenue

$69.8M

Previous: $49.1M+42.1%
EPS (adj)

-$0.07

Previous: -$0.23+69.6%
GAAP gross margin

75.0%

Previous: 75.0%+0.0%
Capital Expenditures

-$2.18M

Previous: -$1.17M-87.2%
Free Cash Flow

-$41.6M

Previous: -$18M-131.0%
Net Income

-$39.4M

Previous: -$16.9M-134.1%
Operating Income

-$47.4M

Previous: -$18.5M-156.3%
Gross Profit

$52.4M

Previous: $36.9M+42.1%
Cash & Equivalents

$205M

Previous: $960M-78.7%
Total Assets

$1.19B

Previous: $1.18B+0.2%
Stock-Based Comp

$31.4M

No prior period

Revenue & EPS history

C3.ai · Revenue · Quarterly

$69.8M

Q3 2022+42.1%vs Q3 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

C3.ai · $69.8M total across 2 segments · Q3 2022

  • Subscription
    $57.1M+33.7%
  • Professional services
    $12.7M+98.0%

Forward guidance

The Company has raised fiscal year 2022 revenue guidance to $252.0 million, a 38% increase over the prior year.

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 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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