Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 189

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 189
---
 SaaS) platform for the enterprise. The flagship product, the CXAI Platform (pronounced “Sky”), provides a comprehensive suite of tools designed to empower employees and enable organizations to create smarter workplaces. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM allocates resources and makes operating decisions based on consolidated net income.

The CODM does not evaluate profitability below the level of the consolidated company. The Company uses net income (loss) as the primary measure of financial performance. However, in evaluating operating results on a budget versus actual basis, the Company focuses on cash-based operating expenses as a more cost of revenue, professional services, marketing, research and development, and other general and administrative expenses—to be significant. In contrast, the Company does not place significant emphasis on stock-based compensation, amortization of intangibles, change in fair value of warrant liabilities, loss on debt extinguishment, and other non-cash adjustments in its internal analysis of period-over-period operating results.

The following table presents selected financial information with respect to the Company’s single operating segment:

| Schedule of segment Information | (In thousands) | Successor |   Year ended 
 December 31, 
         2024 |   |     |   |  Period from 
    March 15, 
      2023 to 
 December 31, 
         2023 |   |     | Predecessor | Period from 
  January 1, 
     2023 to 
   March 14, 
        2023 |   |
|:--------------------------------|:---------------|:----------|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|------------:|:--|
| Revenue – Licenses              |                | $         |        6,202 |   |     | $ |        4,560 |   |     | $           |       1,204 |   |
| Revenue – Professional Services |                |           |          798 |   |     |   |        1,186 |   |     |             |         416 |   |
| Revenue – Hardware              |                |           |          142 |   |     |   |            - |   |     |             |           - |   |
| Less:                           |                |           |              |   |     |   |              |   |     |             |             |   |
| Cost of revenue                 |                |           |