Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 66

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 66
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 not in accordance with generally accepted accounting principles in the United States, the Company believes presenting and analyzing the combined results allows for a more meaningful comparison of results for the year ended December 31, 2024, to the full twelve-month period ended December 31, 2023. The following selected data from our audited consolidated statements of operations and other supplementary data should be referred to while reading the results of operations discussion that follows (in thousands):

|                                              |     | Successor |   Year Ended 
 December 31, 
         2024 |   |     | Successor |        Period from 
 March 15, 2023, to 
       December 31, 
               2023 |   |     | Predecessor |         Period from 
 January 1, 2023, to 
           March 14, 
                2023 |   |     | Non-GAAP Combined |   Year Ended 
 December 31, 
         2023 |   |     | Non-GAAP     
 2024 vs 2023 
 Changes      |       $ 
  Change |   |     |     |       % 
 Change* |    |
|:---------------------------------------------|:----|:----------|-------------:|:--|:----|:----------|-------------------:|:--|:----|:------------|--------------------:|:--|:----|:------------------|-------------:|:--|:----|:-------------|--------:|:--|:----|:----|--------:|:---|
| Revenues                                     |     | $         |        7,142 |   |     | $         |              5,746 |   |     | $           |               1,620 |   |     | $                 |        7,366 |   |     | $            |    (224 | ) |     |     |      (3 | )% |
| Cost of revenues                             |     |           |        1,285 |   |     |           |              1,268 |   |     |             |                 483 |   |     |                   |        1,751 |   |     |              |    (466 | ) |     |     |     (27 | )% |
| Gross profit                                 |     |           |        5,857 |   |     |           |              4,478 |   |     |             |               1,137 |   |