Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 54

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 54
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 September 30, 
           2023 |   |     | Predecessor |     Period from 
 January 1, 2023 
              to 
       March 14, 
            2023 |   |
|:-----------------------------------------------------|:---------------|:------------|------------------:|:--|:----|:--|---------------:|:--|:----|:------------|----------------:|:--|
| Condensed Consolidated Statements of Operations Data |                |             |                   |   |     |   |                |   |     |             |                 |   |
| Revenues                                             |                | $           |             5,481 |   |     | $ |          4,027 |   |     | $           |           1,620 |   |
| Cost of revenues                                     |                |             |            (1,052 | ) |     |   |           (925 | ) |     |             |            (483 | ) |
| Gross profit                                         |                |             |             4,429 |   |     |   |          3,102 |   |     |             |           1,137 |   |
| Operating expenses                                   |                |             |           (14,992 | ) |     |   |        (11,501 | ) |     |             |          (5,518 | ) |
| Loss from operations                                 |                |             |           (10,563 | ) |     |   |         (8,399 | ) |     |             |          (4,381 | ) |
| Other income (expense), net                          |                |             |            (5,380 | ) |     |   |         (5,090 | ) |     |             |               1 |   |
| Income tax benefit                                   |                |             |               513 |   |     |   |          2,958 |   |     |             |               - |   |
| Net loss                                             |                | $           |           (15,430 | ) |     | $ |        (10,531 | ) |     | $           |          (4,380 | ) |

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Revenues

The Company derives revenue from subscription software as a service (SaaS), design, deployment and implementation services for its enterprise apps business. Revenue was $5,481 thousand for the nine months ended September 30, 2024 (Successor), compared