Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 51

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 51
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 necessarily reflect what the results of operations, financial position, or cash flows would have been had the Company been a separate entity nor are they indicative of future results of the Company.

The condensed consolidated operating results of the Company have been specifically identified based on the Company’s existing divisional organization. The majority of the assets and liabilities of the Company have been identified based on the existing divisional structure. The historical costs and expenses reflected in the Company’s financial statements include an allocation for certain corporate and shared service functions. Management believes the assumptions underlying our condensed consolidated financial statements are reasonable. Nevertheless, our condensed consolidated financial statements may not include all of the actual expenses that would have been incurred and may not reflect our results of operations, financial position and cash flows had we operated as a standalone company during the periods presented. Actual costs that would have been incurred if we had operated as a standalone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. We also may incur additional costs associated with being a standalone, publicly listed company that were not included in the expense allocations and, therefore, would result in additional costs that are not reflected in our historical results of operations, financial position and cash flows.

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RESULTS OF OPERATIONS

Comparison of the results of operations for the three months ended September 30, 2024 and September 30, 2023

The following table sets forth our results of operations. This data should be read together with our unaudited financial statements and related notes.

|                                                      | (in thousands) |            | Three months ended 
      September 30, 
               2024 |   |     |            | Three months ended 
      September 30, 
               2023 |   |
|:-----------------------------------------------------|:---------------|:-----------|-------------------:|:--|:----|:-----------|-------------------:|:--|
|                                                      |                | -unaudited |                    |   |     | -unaudited |                    |   |
| Condensed Consolidated Statements of Operations Data |                |            |                    |   |     |            |                    |   |
| Revenues                                             |                | $          |              1,897 |   |     | $          |              1,770 |   |
| Cost of revenues                                     |                |            |               (372 | ) |     |            |               (358 | ) |
| Gross profit                                         |                |            |