Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 69

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 69
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 to other similarly titled measures of performance of other companies in other industries or within the same industry. Investors should exercise caution in comparing our non-GAAP measure to any similarly titled measure used by other companies.

This non-GAAP measure excludes certain items required by U.S. GAAP and should not be considered as an alternative to information reported in accordance with U.S. GAAP. The table below presents our adjusted EBITDA, reconciled to net income, which is the most comparable GAAP measure, for the periods indicated (in thousands).

    Three Months Ended June 30,2025

    Six Months Ended June 30,2025

    Three Months Ended June 30,2024

    Six Months Ended June 30,2024

    Net loss
     
    $
    (3,139
    )
     
    $
    (4,755
    )
     
    $
    (5,256
    )
     
    $
    (10,426
    )
  
    Interest and other income

    163

    194

    684

    946

    Income tax (benefit)/provision

    1

    1

    (159
    )

    (366
    )
  
    Depreciation and amortization

    695

    1,390

    705

    1,410

    EBITDA

    (2,282
    )
     
    $
    (3,172
    )

    (4,026
    )

    (8,436
    )
  
    Adjusted for:

    Changes in fair value of warrant liabilities

    (880
    )

    (3,076
    )

    1,051

    2,523

    Loss on debt extinguishment

    -

    48

    -

    -

    Unrealized (gain) loss

    (291
    )

    (287
    )

    30

    86

    Loss on contract to issue common stock

    21

    21

    Stock-based compensation - compensation and related benefits

    754

    1,378

    835

    1,436

    Adjusted EBITDA
     
    $
    (2,678
    )
     
    $
    (5,088
    )
     
    $
    (2,110
    )
     
    $
    (4,391