Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1383

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 11
Chunk 1383
---
 Schedule of segment Information

    Successor

    Predecessor

    (In thousands)
     
    Year ended December 31, 2024

    Period fromMarch 15, 2023 toDecember 31,2023

    Period fromJanuary 1, 2023 toMarch 14,2023

    Revenue – Licenses
     
    $
    6,202

    $
    4,560

    $
    1,204

    Revenue – Professional Services

    798

    1,186

    416

    Revenue – Hardware

    142

    -

    -

    Less:

    Cost of revenue

    1,285

    1,268

    483

    Research and development

    5,744

    5,309

    1,455

    Sales and marketing

    2,870

    3,242

    964

    General and administrative

    5,489

    4,294

    2,293

    Other noncash expenses(1)

    5,495

    39,841

    806

    Interest expense (income), net

    1,756

    (65
    )

    1

    Loss on warrant liabilities

    3,152

    4,714

    -

    Loss on debt extinguishment

    1,052

    -

    -

    Other expense/(income), net

    342

    (47
    )

    -

    Add:

    Income tax benefit

    635

    3,572

    -

    Net loss
     
    $
    (19,408
    )
     
    $
    (49,238
    )
     
    $
    (4,380
    )

    (1)
    
     Other for the year ended December 31, 2024, includes $2.83 million of stock compensation and related expenses, $2.73 million of intangible amortization expense. Other for the period from March 15, 2023, to December 31, 2023 (Successor), includes $1.08 million of stock compensation expenses, $36.06 millions of goodwill impairment loss, 0.54 million of acquisition related cost, and $2.16 million of intangible amortization expense. 

    F-39

NOTE 17 –