Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 168

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 168
---
 |     | Year Ended   
 December 31, 
 2023         |         |   |
|:---------|:----|:-------------|--------:|:--|
| Revenues |     | $            |   7,366 |   |
| Net loss |     | $            | (57,904 | ) |

F-23

NOTE 4 – Disaggregation of Revenue

The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in 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 |   Year ended 
 December 31, 
         2024 |     |   |        Period from 
 March 15, 2023, to 
       December 31, 
               2023 |     | Predecessor |         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                         |