NYSE$AI
C3.ai Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
C3.ai's Q3 2023 financial results were announced, revealing revenue of $66.7 million, surpassing expectations.
C3.ai announced its fiscal third quarter 2023 results, with revenue exceeding guidance at $66.7 million. The company is seeing improved business optimism and increased interest in its AI solutions. They are on track to become cash positive and non-GAAP profitable by the end of FY 24.
- Total revenue for the quarter was $66.7 million, exceeding guidance.
- Subscription revenue was $57.0 million, comprising 85.6% of the total revenue.
- GAAP gross profit was $44.4 million, with a 67% gross margin.
- GAAP net loss per share was $(0.57), while non-GAAP net loss per share was $(0.06).
Headline financials
Revenue & EPS history
C3.ai · Revenue · Quarterly
$66.7M
Revenue by segment
C3.ai · $66.7M total across 2 segments · Q3 2023
- Subscription$57M-0.1%85.6%
- Professional services$9.63M-24.1%14.4%
Forward guidance
The Company’s guidance includes GAAP and non-GAAP financial measures. Total revenue is expected to be $70 - $72 million for the fourth quarter of fiscal 2023 and $264 - $266 million for the full year fiscal 2023. Non-GAAP loss from operations is expected to be ($24) - ($28) million for the fourth quarter of fiscal 2023 and ($69) - ($73) million for the full year fiscal 2023.
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 2023
-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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