Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 527

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 3
Chunk 527
---
 exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its enterprise apps solutions systems, professional services for work performed in conjunction with its systems, and sale of hardware.

Revenues consisted of the following (in thousands):

    Schedule of disaggregation of revenue

    Successor

    Predecessor

    Year ended December 31, 2024

    Period from March 15, 2023, to December 31, 2023

    Period from January 1, 2023, to March 14, 2023

    Subscription revenue

    Software
     
    $
    6,202

    $
    4,560

    $
    1,204

    Total subscription revenue
     
    $
    6,202

    $
    4,560

    $
    1,204

    Non-subscription revenue

    Professional services
     
    $
    798

    $
    1,186

    $
    416

    Hardware

    142

    -

    -

    Total non-subscription revenue
     
    $
    940

    $
    1,186

    $
    416

    Total revenue
     
    $
    7,142

    $
    5,746

    $
    1,620

    Successor

    Predecessor

    Year ended December 31, 2024

    Period from March 15, 2023, to December 31, 2023

    Period from January 1, 2023, to March 14,2023

    Revenue recognized over time(1)(2)
     
    $
    7,000

    $
    5,746

    $
    1,620

    Revenue recognized at a point in time(3)

    142

    -

    -

    Total
     
    $
    7,142

    $
    5,746

    $
    1,620

    (1)
    
     Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. 
  
    (2)