OTC$ZPTA
Zapata Quantum Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Zapata AI reported a decrease in revenue but maintained a stable operating loss and completed its public listing.
Zapata AI reported Q1 2024 revenue of $1.22 million, a decrease compared to $1.51 million in Q1 2023. The operating loss was $5.08 million, consistent with the previous year. The company completed its public listing and expanded collaborations across various industries.
- Completed business combination and Nasdaq listing in March 2024.
- Expanded commercial agreement with Andretti Global, resulting in a 43% sequential growth in quarterly bookings.
- Advanced collaboration with Sumitomo Mitsui Trust Bank using generative AI for financial simulations.
- Partnered with D-Wave to advance quantum-enabled machine learning.
Headline financials
Revenue & EPS history
Zapata Computing · Revenue · Quarterly
$1.22M
Forward guidance
Zapata AI anticipates continued interest in its data streaming use cases and looks forward to progressing on new opportunities in Q2 and beyond across various industries, including telecom, pharmaceuticals, financial services, insurance, and defense.
Tailwinds
- Anticipates continued interest among potential customers.
- Expects to progress on new opportunities in Q2 and beyond.
- Sees opportunities in telecom, pharmaceuticals, financial services, insurance, and defense.
- Aims to demonstrate how they can assist in reducing network outages and disruptions.
- Focuses on optimizing response times and processes for Tech Mahindra's global telecom customers.
Headwinds
- Faces risks related to failure to realize the benefits expected from the business combination.
- Potential decline in the price of securities if expectations are not met.
- Faces risks related to ability to attract new customers, retain existing customers, and grow.
- Competition in the generative AI industry.
- Risks related to raising additional capital on non-dilutive terms or at all.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q1 2024
-4.6%
Avg return
Earnings day
+44.1%
Avg return
5 days after
+124.6%
Avg return
30 days after
33%
1 / 3 earnings
Positive
+9.7%
Q2 2024
Best reaction
-23.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | +0.0% | +166.7% | +438.3% | |
| Q2 2024 | +9.7% | +2.5% | -18.7% | |
| Q1 2024 | -23.7% | -37.0% | -45.9% | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro